ZG Stock Recent News

Industries that have stood the test of time are typically very reliable and provide an extended track record of success; what most people (and investors) need to prepare for is an inevitable wave of innovation, usually driven by technology, to bring on efficiency. More important to you than efficiency is the profits that technology brings.

Zillow's stock price surged 23% on news of planned interest rate cuts, potentially benefiting its business. A $13 billion market cap seems more than reasonable for a market leader in a lucrative industry. However, caution is advised due to housing market conditions and Zillow's recent price volatility.

While the topic of stocks to sell immediately generates controversy, it's similar to the wacky off-season transactions that occur in baseball. At the end of the day, an organization must make the best decision to ramp up its chances of success.

Home prices are getting slashed at an unusual pace, Zillow economists said. Nearly 23% of listings on the market saw a price cut in November.

JMP upgraded Zillow Group Inc  (NASDAQ:ZG) to "outperform" from "market perform," helping the stock to a 3.2% premarket lead.

Zillow (ZG) reported earnings 30 days ago. What's next for the stock?

The Federal Reserve is about to end its most aggressive campaign to hike interest rates in its history. Higher rates have crushed the housing sector, with existing home sales currently at a 13-year low.

Inflation readings have continued to moderate, with October's reading CPI coming in flat. The stock market and the bond market reacted with optimism about the future.

Zillow's shares declined despite falling mortgage rates due to disappointment in its 4Q23 guidance and concerns about the recent verdict on the commission collusion case. The loss of the Sitzer/Burnett lawsuit could disrupt the commission structure of the residential real estate industry. International markets provide a guide on what this could mean for Zillow. With a dominant market position, I believe Zillow could be a massive beneficiary of large industry changes and see significant upside in the stock.

Zillow's stock has fallen after reporting Q3 results, but investors should view this as an opportunity to buy. Zillow is positioned to thrive in a world where buyers' agents are less prevalent due to a class action lawsuit against the NAR. Zillow's focus on its internet advertising business and potential for additional monetizable services make it a strong investment option.