Zillow Group Inc. ($Z) Stock Forecast: Up 7.4% Today

What is Zillow Group Inc.?

Zillow Group, Inc. (NASDAQ: Z) operates as a real estate company, offering information on homes for sale and rent, along with advertising services for real estate professionals.

Why is Zillow Group Inc. going up?

Z stock is up 7.4% on Sep 19, 2024 15:08

• Zillow (Z) stock demonstrated a significant bullish trend today.
• An analyst upgrade from Wedbush, projecting robust growth for Zillow supported by lower mortgage rates, likely contributed to the stock's upward movement.
• Some investors' bearish outlook on Zillow might have presented a short-term buying opportunity for others, leading to increased purchasing activity and pushing the stock price up.
• Comparisons between Zillow and KE Holdings Inc. (BEKE) could have influenced investor perceptions, potentially positioning Zillow as a more appealing investment choice within the real estate sector.

Z Price Chart

Z News

Check Out What Whales Are Doing With Zillow Gr - Zillow Gr ( NASDAQ:Z )

Whales with a lot of money to spend have taken a noticeably bearish stance on Zillow Gr. Looking at options history for Zillow Gr Z we detected 11 trades. If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 45% ...

https://www.benzinga.com/insights/options/24/09/40941016/check-out-what-whales-are-doing-with-zillow-gr

Zillow Upgraded, Analyst Predicts Strong Growth With Lower Mortgage Rates On The Horizon Why Is Zillow Group ( Z ) Stock Gaining Today? - Zillow Gr ( NASDAQ:Z )

Zillow Group, Inc. Z shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $50 to $80. The analyst Jay McCanless writes they see a potential boost from lower mortgage rates for Zillow's core brokerage business.

https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40885489/zillow-upgraded-analyst-predicts-strong-growth-with-lower-mortgage-rates-on-the-hor

BEKE vs. Z: Which Stock Is the Better Value Option?

Investors looking for stocks in the Real Estate - Operations sector might want to consider either KE Holdings Inc. Sponsored ADR ( BEKE Quick QuoteBEKE - ) or Zillow ( Z Quick QuoteZ - ) . But which of these two stocks presents investors with the better value opportunity right now?

https://www.zacks.com/stock/news/2336003/beke-vs-z-which-stock-is-the-better-value-option

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Zillow Group Inc. Price History

23.07.2024 - Z Stock was up 5.0%

• The bullish movement in Z's stock could be attributed to the news of Jennifer Lopez and Ben Affleck putting their mansion up for sale on Zillow, potentially attracting more users to the platform.
• The high-profile nature of the celebrity couple and the media attention surrounding their divorce and property sale might have increased investor interest in Z's stock.
• This surge in bullish sentiment could indicate market optimism about the potential increase in user traffic and revenue for Zillow as a result of this celebrity real estate listing.

19.08.2024 - Z Stock was up 7.4%

• Zillow (Z) stock demonstrated a significant bullish trend today.
• An analyst upgrade from Wedbush, projecting robust growth for Zillow supported by lower mortgage rates, likely contributed to the stock's upward movement.
• Some investors' bearish outlook on Zillow might have presented a short-term buying opportunity for others, leading to increased purchasing activity and pushing the stock price up.
• Comparisons between Zillow and KE Holdings Inc. (BEKE) could have influenced investor perceptions, potentially positioning Zillow as a more appealing investment choice within the real estate sector.

13.08.2024 - Z Stock was up 5.5%

• Reasons behind the bullish movement in Zillow's stock (Z) include:
• Investors comparing Zillow with BEKE stock and viewing it as a more appealing option, resulting in heightened interest and buying activity.
• Notable insider trading on Zillow Gr options, signifying strong confidence in the company's future.
• Overall positive sentiment in the Real Estate Operations sector potentially lifting Zillow's stock price and sector performance.

13.08.2024 - Z Stock was up 5.1%

• The bullish movement in Z's stock today could be attributed to the positive sentiment surrounding the company, fueled by various factors:
• Executives selling stocks in other companies might have led investors to reallocate funds into Zillow Group, viewing it as a more promising investment opportunity.
• The increased bullish stance on Zillow Group by big investors, as indicated by the surge in options trading, could have instilled confidence in retail investors as well.
• Zillow Group's 9% increase since its last earnings report might have positively influenced investor sentiment, hinting at strong performance and potential growth in the future.

18.08.2024 - Z Stock was up 5.0%

• Zillow's stock saw a surge in value following an upgrade from Neutral to Outperform by Wedbush, which also raised the price target based on growth prospects.
• Positive investor sentiment was influenced by expectations of lower mortgage rates benefiting Zillow's core brokerage business.
• A comparison with other companies in the Real Estate Operations sector, such as KE Holdings Inc., showcased Zillow's value proposition and growth potential.
• The optimistic market sentiment, reflected in the higher close of the Nasdaq 100, likely contributed to the upward movement of Zillow's stock price.

18.06.2024 - Z Stock was down 5.4%

• An upgrade in Relative Strength (RS) Rating from 62 to 72 was a positive development for Zillow Group Cl C; however, the market response depicted a lack of complete conviction in this improvement.
• A noteworthy amount of bearish options activity was observed among traders, potentially influencing the bearish movement in Zillow Group Cl C's stock.
• The divergence between the RS Rating upgrade and the prevalent bearish options activity indicates conflicting investor sentiments towards the future outlook of Zillow Group Cl C, contributing to the bearish trend seen in the market today.

08.07.2024 - Z Stock was up 11.2%

• Zillow Group (Z) posted robust Q2 2024 earnings, surpassing both earnings per share (EPS) and revenue projections, resulting in a positive market response.
• Earnings per share stood at 39 cents, outperforming the estimated 27 cents, while revenue reached $572 million, exceeding the expected $536.56 million by 6.61%.
• The favorable financial performance, coupled with optimistic guidance and the appointment of a new CEO, bolstered investor trust and drove an increase in the company's stock price.
• With revenue growth seen across its residential, rentals, and mortgages segments, Zillow Group illustrated its adaptability and growth potential in the real estate sector, further elevating investor confidence.

01.07.2024 - Z Stock was down 5.1%

• The revelation from Zillow about many renters being "mortgage-ready" could have prompted concerns among investors regarding the demand for rental properties, resulting in a sell-off of Stock Z.
• The rise in Jones Lang LaSalle (JLL) stock may have diverted investor focus from Stock Z, contributing to its downward trajectory.
• A study on California's top 1% income earners possibly shed light on income inequalities, causing investor apprehension about the broader economic outlook and influencing the negative performance of Stock Z.

09.07.2024 - Z Stock was up 5.2%

• Zillow Group's stock experienced a notable increase in value today.
• The positive movement in the market was influenced by the company's strong second-quarter performance and the introduction of a new CEO, boosting investor confidence.
• Analysts have raised their price targets for Zillow Group, reflecting an optimistic outlook on the company's future.
• Investor optimism, especially from those with substantial funds, further propelled Zillow Group's stock price upward.

09.07.2024 - Z Stock was up 5.5%

• Shares of Zillow Group increased by 20% following a positive second-quarter financial performance and the appointment of a new CEO.
• The company exceeded analysts' expectations with an adjusted EPS of 39 cents and sales reaching $572 million.
• The strong earnings report and new leadership at the helm were key factors in driving up Zillow's stock price.
• Despite worries over the impact of higher interest rates on the housing market, investors reacted favorably to Zillow's impressive results.

08.07.2024 - Z Stock was up 19.5%

• Zillow's stock surged after reporting better-than-expected second-quarter earnings, with adjusted EPS of 39 cents and sales reaching $572 million, beating analysts' estimates.
• The strong revenue growth in Zillow's residential and rental segments contributed to the positive market sentiment.
• The impressive earnings report showcased Zillow's ability to thrive amidst challenging market conditions, further boosting investor confidence in the company's performance.
• Overall, Zillow's robust financial results and exceeding market expectations led to the bullish movement in its stock price today.

08.07.2024 - Z Stock was up 13.9%

• Zillow Group Inc (Z) experienced a strong bullish movement today following the release of their Q2 2024 earnings report.
• The appointment of a new CEO has likely injected optimism and confidence in the market, signaling potential positive changes and strategic direction for the company.
• Zillow's impressive financial results, beating both earnings per share and revenue estimates, have attracted investors and contributed to the bullish momentum.
• The company's ability to outperform in a challenging real estate market and the positive outlook shared by the CEO during interviews have further fueled investor enthusiasm, driving the stock price higher.