ZG Stock Recent News

Zillow (ZG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Washington to lead the Enhanced Markets and Flex teams, bringing the integrated housing super app experience online for more movers nationwide SEATTLE , Jan. 13, 2025 /PRNewswire/ -- Zillow Group, Inc. (Nasdaq: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, announced the appointment of Zuhairah Washington as senior vice president of Market Operations and Flex general manager. This strategic hire underscores Zillow's continued investment in its agent business and its commitment to bringing the integrated housing super app experience online for more movers nationwide.

Zillow + Zillow Group +0.1 (+0.15%)

Zillow (Z, ZG) has unveiled its predictions for the top five housing markets in 2025, with Buffalo, New York securing the leading position. Indianapolis, Indiana takes second place, followed by Providence, Rhode Island in third.

Seattle-based real estate company Zillow Group laid off an unspecified number of employees, the company confirmed Friday.

DA Davidson analyst Tom White raised the firm's price target on Zillow Group to $80 from $75 and keeps a Buy rating on the shares. The company's "Showcase Listing", or SL, offering continued to expand its share of available for-sale home listings during Q4 and also managed to grow its footprint of paying customers sequentially, the analyst tells investors in a research note. While early customer retention trends for SLs remain mixed, based on the momentum of overall SL penetration and the firm's expectation of continued broader share gains for Zillow's Residential + Mortgage segments relative to industry total transaction value growth, DA Davidson is boosting its FY25 EBITDA outlook to $626M from $598M, the firm added.

Zillow's adjusted EBITDA margin is expected to expand to 23% this year and potentially reach 25% by 2025. Assuming a 12% topline growth next year, Zillow's EBITDA could hit $650 million, making its stock priced at 22x forward EBITDA. This valuation presents a fair entry point for new investors, though it's not the most attractive investment currently available.

In a bid to help real estate agents make their online listings more appealing, Zillow Group announced the acquisition of Virtual Staging AI, a startup founded last year that uses AI to create virtual furniture and decorations.

Lower interest rates gave a boost to the real estate platform.

Investors are betting that a big Fed rate-cutting cycle will lower costs for homebuyers and loosen up the real estate market. Zillow would benefit from growing home sales volumes.