ZG Stock Recent News

Zillow (NASDAQ: Z ) stock is a hot topic on Wednesday as the real estate platform company's shares get updated coverage from Jefferies analysts. Jefferies analyst John Colantuoni updated his price target for Z stock from $70 per share to $75 per share.

A March legal settlement will result in lower realtor commissions on future home sales. This is likely to hurt demand for Zillow's flagship advertising and lead-generation services.

Spencer Rascoff, Zillow co-founder, joins 'Closing Bell Overtime' to discuss the state of the housing market as home prices remain elevated in a tight market.

Zillow calls itself a “housing super app.” The stock has recently been hammered by fears over the freeing up of commissions, which help pay the bills.

Zillow Group shares have slumped as realtors face an uncertain future after a settlement that could cut into the fees that Zillow and other real estate stocks receive. #zillow #realestate #redfin #realtor #investing #stocks

Zillow fell hard after the NAR agreed to new rules changing the way realtors are compensated. The new rules could significantly reduce realtor commissions and force hundreds of thousands of realtors out of the business.

Shares of Zillow Group, Redfin, and Opendoor were all falling in Friday trading.

Zillow Group, Inc. (NASDAQ:Z ) Morgan Stanley Technology, Media & Telecom Conference March 6, 2024 4:20 PM ET Company Participants Jeremy Hofmann - Chief Financial Officer Conference Call Participants Matt Cost - Morgan Stanley Matt Cost All right. Thank you so much everyone for being here.

According to Spruce Point, Zillow (Z, ZG) presents a 40 to 60 percent downside risk. The warning stems from the firm's belief that the company has little room left to grow, further noting lower web traffic and ongoing industry litigation.

Ben Axler, Spruce Point Capital founder, joins 'Money Movers' to discuss why Spruce Point has decided to short Zillow, how the stock trades relative to strength in real estate, and more.