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Zillow Gr

Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.

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2025 promises to be a transformative year for the <a href="https://www.benzinga.com/real-estate">U.S. housing market</a>, offering fresh opportunities but also keeping everyone on their toes. 
Zillow Group Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) latest <a href="https://www.zillow.com/research/2025-housing-predictions-34620/">predictions</a> reveal shifting dynamics for buyers, sellers, and renters. Investors in the Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>), the Schwab US REIT ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHH#NYSE">SCHH</a>), and the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) track these dynamics closely.
Read Also: <a href="https://www.benzinga.com/trading-ideas/short-ideas/24/12/42265808/top-3-real-estate-stocks-that-may-plunge-this-quarter">Top 3 Real Estate Stocks That May Plunge This Quarter</a>
Here are five trends to watch closely:
<h2 class="wp-block-heading">1. Breathing Room For Buyers Amid A Modest Market</h2>
Good news for buyers: more inventory is set to hit the market, giving you time to weigh options and negotiate harder. Zillow forecasts a modest 2.6% home value growth and an uptick in existing home sales to 4.3 million, signaling a gradual thaw in a market that's been tight for years.
<h2 class="wp-block-heading">2. Mortgage Rate Whiplash</h2>
Mortgage rates will remain the wildcard. While Zillow expects rates to ease overall, their volatility could unsettle even seasoned buyers. Expect refinancing booms during dips and a roller-coaster affordability picture throughout the year.
Investors in the iShares MBS ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBB#NYSE">MBB</a>) and the Vanguard Mortgage-Backed Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMBS#NYSE">VMBS</a>) may face heightened uncertainty.
<h2 class="wp-block-heading">3. Buyers Markets Spread Westward</h2>
Currently concentrated in the Southeast, buyers markets are predicted to expand into the Southwest, giving buyers more power in negotiations. 
If mortgage rates fall significantly, however, sellers might regain the upper hand as competition heats up.
<h2 class="wp-block-heading">4. The Rise of Smaller, Smarter Homes</h2>
Forget large mansions. Compact, purpose-driven homes are taking center stage. Listings describing properties as "cozy" have surged 35%, reflecting a cultural shift toward sustainable, affordable living. Urban condos are also stabilizing in value, according to Zillow, drawing buyers back to city life.
<h2 class="wp-block-heading">5. Renter Perks Are On Borrowed Time</h2>
A surge in multifamily construction has made 2024 a renter-friendly year, with concessions like free rent and parking aplenty. But Zillow predicts these perks will wane by late 2025 as the rental market tightens. Renters with pets will remain a dominant force, pushing property managers to adopt more pet-friendly policies or risk losing tenants.
2025's housing market is set to be more active and buyer-friendly, but unpredictability looms large. From mortgage rate swings to shifting buyer trends, staying agile and informed will be key to making the most of this evolving landscape.
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Image created using artificial intelligence via Midjourney.

Analyst Color

Long Ideas

REIT

Analyst Ratings

Trading Ideas

Real Estate

SCHH

VMBS

XLRE

5 Housing Market Trends For 2025: What Zillow's Forecast Means For You

Canaccord Genuity analyst Maria Ripps maintains Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) with a Hold and raises the price target from $64 to $86.

News

Price Target

Canaccord Genuity Maintains Hold on Zillow Gr, Raises Price Target to $86

As of Dec. 2, 2024, three stocks in the real estate sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Zillow Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>)</h3>
<ul>
<li>On Nov. 27, Craig-Hallum analyst Jason Kreyer maintained Zillow with a Buy and raised the price target from $70 to $95. The company's stock gained around 40% over the past month and has a <a href="https://www.benzinga.com/quote/Z">52-week high of $86.88</a>.</li>
<li>RSI Value: 74.94&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>Z Price Action: Shares of Zillow fell 0.9% to close at $84.71 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Howard Hughes Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HHH#NYSE">HHH</a>)</h3>
<ul>
<li>On Nov. 4, Howard Hughes reported better-than-expected third-quarter sales results and a year-over-year increase in EPS results. The company's stock gained around 14% over the past month and <a href="https://www.benzinga.com/quote/HHH">has a 52-week hig</a>h of $87.77.</li>
<li>RSI Value: 71.70</li>
<li>HHH Price Action: Shares of Howard Hughes Holdings fell 0.2% to close at $86.74 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Macerich Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAC#NYSE">MAC</a>)</h3>
<ul>
<li>On Nov. 26, Macerich priced an upsized $395 million public offering of 20 million common shares at $19.75 per share. The company's stock gained around 14% over the past month and has a <a href="https://www.benzinga.com/quote/MAC">52-week high</a> of $21.71.</li>
<li>RSI Value: 74.87</li>
<li>MAC Price Action: Shares of Macerich gained 0.3% to close at $21.21 on Friday. </li>
</ul>
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Short Ideas

Pre-Market Outlook

Markets

Top 3 Real Estate Stocks That May Plunge This Quarter

Craig-Hallum analyst Jason Kreyer maintains Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) with a Buy and raises the price target from $70 to $95.

Craig-Hallum Maintains Buy on Zillow Gr, Raises Price Target to $95

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Management

Zillow Group Appoints Jun Choo As COO

Zillow Group, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) shares are trading higher. <a href="https://www.benzinga.com/news/earnings/24/11/41791923/zillow-stock-jumps-on-q3-earnings-revenue-beat-eps-beat-visits-up-3-233m-monthly-active-users">The company reported earnings and investors positively reacted. </a>Estimates for the earnings were 29 cents and came in at 35 cents. Revenue was $581 million versus estimates of $555 million.
Our team of technical analysts made Zillow our Stock of the Day because it illustrates a common dynamic in the market that savvy traders use to profit.
As you can see on the chart, in February and early March levels around $58.50 were resistance for the stock. In September this resistance was broken. Then the stock eventually fell back to the $58.50 level that was previously resistance converted into support.
The same thing happened at the $53.70 level. It was resistance in July and converted to support at the beginning of September.
At the end of September, the $68.40 level was resistance — and now it has become a support level.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="524" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07135700/Zillow.Noc_.2024-1024x524.png" alt="" class="wp-image-636121" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07135700/Zillow.Noc_.2024-1024x524.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07135700/Zillow.Noc_.2024-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07135700/Zillow.Noc_.2024-768x393.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07135700/Zillow.Noc_.2024-1536x786.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07135700/Zillow.Noc_.2024.png 1585w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Price levels resistant converting into support is a common occurrence in not just the stock markets, but in all financial markets.
It happens because of &#8220;seller's remorse.&#8221;
There are investors and traders who sell while the stock is at resistance who think they made a good decision if the price trends lower after. But if the trend reverses, the resistance is broken and the price moves higher, many who sold come to regret their decision to do so.
Some of these remorseful sellers vow to buy their shares back.
But they will only do so if they can buy them for the same price they were sold. So as a result, if the stock eventually falls back to the selling price they place buy orders.
If there are enough of these orders it will cause support to form at the price that had previously been resistance.
If a stock is trending lower and a trader is looking for insight into where to buy it, they should look at price levels that had previously been resistance. There is a good chance the stock finds support at them. They may even reverse and rally.
Read Next: • <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41814589/why-trumps-boost-to-treasury-yields-inflation-expectations-may-weaken-feds-efforts-">Why Trump&#8217;s Boost To Treasury Yields, Inflation Expectations May Weaken Fed&#8217;s Efforts To Cut Interest Rates</a>
Photo: Shutterstock

Technicals

Stock Of The Day: Why Would Resistance For Zillow Turn Into Support?

In the latest quarter, 4 analysts provided ratings for Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>), showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Zillow Gr, revealing an average target of $75.25, a high estimate of $90.00, and a low estimate of $60.00. This upward trend is evident, with the current average reflecting a 30.87% increase from the previous average price target of $57.50.
<img src="https://www.benzinga.com/files/images/story/2024/1730988065_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive Zillow Gr is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Colantuoni</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Curtis Nagle</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$71.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$60.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$80.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Zillow Gr. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Zillow Gr compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Zillow Gr's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Zillow Gr's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/Z/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Zillow Gr analyst ratings.</a>
<h2>Get to Know Zillow Gr Better</h2>
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.
<h3>Financial Milestones: Zillow Gr's Journey</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Zillow Gr's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 13.04%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: Zillow Gr's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -2.97%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -0.37%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Zillow Gr's ROA excels beyond industry benchmarks, reaching -0.25%. This signifies efficient management of assets and strong financial health.
Debt Management: Zillow Gr's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.4.
<h2>The Basics of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

4 Analysts Have This To Say About Zillow Gr

Needham analyst Bernie McTernan reiterates Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Zillow Gr

Z: 15% &#x7C; <a href="https://www.benzinga.com//node/41803768">Zillow Group shares are trading higher after the company reported better-than-expected Q3 financial results.</a>
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Movers

Market-Moving News for November 7th

WIIM

Zillow Group shares are trading higher after the company reported better-than-expected Q3 financial results.

Zillow Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) reported financial results for the third quarter after the bell on Wednesday. Here&#8217;s a look at the<a href="https://www.benzinga.com/pressreleases/24/11/n41786551/zillow-group-reports-third-quarter-2024-financial-results"> key details from the print</a>.
<ul>
<li>Q3 Revenue: $581 million, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $554.68 million</li>
</ul>
<ul>
<li>Q3 Adjusted EPS: 35 cents, versus estimates of 29 cents</li>
</ul>
Total revenue was up 17% year-over-year. Residential revenue climbed 12%, Rentals revenue was up 24% and Mortgages revenue jumped 63% year-over-year.
&#8220;We continue to invest in tech solutions to build the integrated transaction experience consumers demand and deserve. These investments give Zillow an advantage as we connect high-intent movers with high-performing agents, driving adoption of our services and contributing to increased revenue,&#8221; said Jeremy Wacksman, CEO of Zillow.
Zillow had 233 million average monthly active users across its mobile apps and sites in the quarter, up 1% year-over-year. Visits during the period were up 3% year-over-year to 2.4 billion.
Zillow said it ended the third quarter with $2.2 billion in cash and investments, down from $2.6 billion at the end of the second quarter.
&#8220;Looking ahead, we're focused on capturing a more meaningful share of the $30 billion accessible total addressable market in residential real estate already in our funnel today, while continuing to deliver on behalf of customers and shareholders,&#8221; the company said in a letter to shareholders.
See Also: <a href="https://www.benzinga.com/news/earnings/24/11/41790530/hubspot-shares-climb-after-strong-q3-results-eps-beat-revenues-beat">HubSpot Shares Climb After Strong Q3 Results: EPS Beat, Revenues Beat</a>
ZG Price Action: Zillow shares were up 11.88% in after-hours, trading at $62.74 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. It&#8217;s worth noting that the stock closed Wednesday down 7.47% before popping in extended trading.
Photo: Shutterstock.

Earnings

After-Hours Center

Zillow Stock Jumps On Q3 Earnings: Revenue Beat, EPS Beat, Visits Up 3%, 233M Monthly Active Users

Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.29 by 20.69 percent. The company reported quarterly sales of $581.000 million which beat the analyst consensus estimate of $554.675 million by 4.75 percent. This is a 17.14 percent increase over sales of $496.000 million the same period last year.

Earnings Beats

Zillow Gr Q3 2024 Adj. EPS $0.35 Beats $0.29 Estimate, Sales $581.000M Beat $554.675M Estimate

As Zillow Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) prepares to release its third-quarter earnings report Wednesday after the market close, investors are keenly watching for signs of continued growth and resilience in a challenging <a href="https://www.benzinga.com/topic/real-estate">real estate market</a>. 
Zillow&#8217;s strong performance in the <a href="https://www.benzinga.com/news/earnings/24/08/40237128/zillow-group-q2-earnings-revenue-beat-eps-beat-strong-guidance-new-ceo-increasingly-diversified-and">second quarter</a>, marked by revenue and earnings that exceeded analysts' estimates, set a positive tone for the year, and its third-quarter guidance has only heightened expectations. 
Here's a closer look at what to expect from Zillow in its third-quarter earnings.
What To Know: In the second quarter, Zillow reported total revenue of $572 million, comfortably above Wall Street&#8217;s forecast of $537.6 million. This represented a 13% year-over-year growth, driven by strong performance across multiple segments. 
The company&#8217;s residential revenue rose by 8% year-over-year to $409 million, while its rentals revenue surged by 29% to $117 million. Notably, mortgage revenue saw a substantial 42% increase, reaching $34 million, which underscores Zillow's success in diversifying its revenue streams and capitalizing on demand across different facets of the real estate market.
This second quarter growth was complemented by a notable uptick in engagement on Zillow&#8217;s platform. The company recorded 231 million average monthly unique users across its mobile apps and websites, a stable figure compared to the previous year. Meanwhile, visits increased by 4% to 2.5 billion.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41746843/bond-market-fear-gauge-soars-to-1-year-high-ahead-of-us-election-results-bond-vigil">Bond Market Fear Gauge Soars To 1-Year High Ahead Of US Election Results: &#8216;Bond Vigilantes Have Been Voting Early&#8217; </a>
This rise in visits signals sustained interest in Zillow's offerings, particularly as it continues to build out its &#8220;housing super app,&#8221; a comprehensive platform designed to streamline the real estate experience for users.
Additionally, the second quarter marked a significant leadership change, with Zillow promoting COO Jeremy Wacksman to CEO, replacing co-founder Rich Barton, who will transition to co-executive chair.
In his comments following the second quarter earnings report, Wacksman underscored Zillow's commitment to long-term profitability and reiterated the company&#8217;s goal of achieving double-digit revenue growth and an expanded Adjusted EBITDA margin by 2024.
What Else: Looking ahead to the third quarter, Zillow provided revenue guidance of $545 million to $560 million, above analyst consensus estimates of $538 million. The company anticipates residential revenue to land between $375 million and $385 million.
Adjusted EBITDA is expected to range from $95 million to $110 million, reflecting Zillow's focus on balancing growth and profitability amid a competitive landscape. For the third quarter, Zillow also projects rental revenue growth in the mid-20% range year-over-year, driven by strong demand in the multifamily segment, which is expected to outpace overall rental revenue growth.
Zillow's management has indicated an industry-wide increase in transaction value, with expectations for mid-single-digit growth in total transaction value in the U.S. residential real estate sector for the third quarter, compared to the 3% year-over-year growth seen in the second quarter. This outlook aligns with Zillow's projection of continued traction in the residential market, even as broader economic uncertainties persist.
Overall, the third quarter will serve as a pivotal quarter for Zillow, as it seeks to maintain its momentum in revenue growth, strengthen its digital real estate ecosystem and execute its strategic vision under new leadership.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, Zilllow (Z) has a 52-week high of $68.73 and a 52-week low of $35.44. It is trading up 2.49% at $62.12 Tuesday at publication. 
Read Also: 
 • <a style="font-weight: bold;" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41746843/bond-market-fear-gauge-soars-to-1-year-high-ahead-of-us-election-results-bond-vigil">Bond Market Fear Gauge Soars To 1-Year High Ahead Of US Election Results: &#8216;Bond Vigilantes Have Been Voting Early&#8217;</a>
Photo: Shutterstock

Previews

Zillow Q3 Earnings Preview: Can Growth Continue During Market Challenges?

Jefferies analyst John Colantuoni maintains Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) with a Buy and raises the price target from $80 to $90.

Jefferies Maintains Buy on Zillow Gr, Raises Price Target to $90

During the last three months, 5 analysts shared their evaluations of Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>), revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $64.2, a high estimate of $80.00, and a low estimate of $50.00. This upward trend is apparent, with the current average reflecting a 25.88% increase from the previous average price target of $51.00.
<img src="https://www.benzinga.com/files/images/story/2024/1729281644_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The analysis of recent analyst actions sheds light on the perception of Zillow Gr by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Curtis Nagle</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$71.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Brian Nowak</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$60.00</td>
<td>$46.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$80.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>Lloyd Walmsley</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$50.00</td>
<td>$50.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Zillow Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Zillow Gr compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Zillow Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Zillow Gr's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/Z/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Zillow Gr analyst ratings.</a>
<h2>Delving into Zillow Gr's Background</h2>
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.
<h3>Zillow Gr: A Financial Overview</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Zillow Gr displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 13.04%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -2.97%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -0.37%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Zillow Gr's ROA excels beyond industry benchmarks, reaching -0.25%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 0.4, Zillow Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Zillow Gr

B of A Securities analyst Curtis Nagle maintains Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) with a Neutral and raises the price target from $54 to $71.

B of A Securities Maintains Neutral on Zillow Gr, Raises Price Target to $71

High-rolling investors have positioned themselves bearish on Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in Z often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 16 options trades for Zillow Gr. This is not a typical pattern.
The sentiment among these major traders is split, with 18% bullish and 75% bearish. Among all the options we identified, there was one put, amounting to $42,244, and 15 calls, totaling $845,832.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $80.0 for Zillow Gr over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Zillow Gr's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Zillow Gr's whale trades within a strike price range from $45.0 to $80.0 in the last 30 days. 
<h3>Zillow Gr Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728496867_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.6</td>
<td>$6.4</td>
<td>$6.4</td>
<td>$60.00</td>
<td>$160.0K</td>
<td>4.8K</td>
<td style="text-align: right;">631</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.96</td>
<td>$2.8</td>
<td>$2.82</td>
<td>$70.00</td>
<td>$70.8K</td>
<td>14.4K</td>
<td style="text-align: right;">290</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.4</td>
<td>$4.2</td>
<td>$4.28</td>
<td>$65.00</td>
<td>$64.6K</td>
<td>5.6K</td>
<td style="text-align: right;">156</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.55</td>
<td>$6.35</td>
<td>$6.43</td>
<td>$60.00</td>
<td>$64.3K</td>
<td>4.8K</td>
<td style="text-align: right;">958</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.45</td>
<td>$4.2</td>
<td>$4.29</td>
<td>$65.00</td>
<td>$60.0K</td>
<td>5.6K</td>
<td style="text-align: right;">296</td>
</tr>
</tbody>
</table>

<h3>About Zillow Gr</h3>
Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.
After a thorough review of the options trading surrounding Zillow Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Zillow Gr Standing Right Now?</h3>
<ul>
<li>With a volume of 4,804,715, the price of Z is down -2.7% at $60.58. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 21 days.</li>
</ul>
<h3>What Analysts Are Saying About Zillow Gr</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $70.0.
Unusual Options Activity Detected: Smart Money on the Move
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&#x2A; In a positive move, an analyst from Wedbush has upgraded their rating to Outperform and adjusted the price target to $80. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Zillow Gr with a target price of $60. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Zillow Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Looking At Zillow Gr's Recent Unusual Options Activity

One college dropout brings in about $2 million per year, signing long-term leases on apartments and renting them out to others <a href="https://www.benzinga.com/money/short-term-rentals-vs-long-term-rentals">for shorter durations</a>.
What To Know:&nbsp;Inspired by&nbsp;Robert Kiyosaki&#8217;s&nbsp;&#8220;Rich Dad Poor Dad,&#8221;&nbsp;Derek Cheung&nbsp;dropped out of&nbsp;<a href="https://www.benzinga.com/news/23/05/32192751/skip-harvard-just-follow-the-money-learn-the-moves-leading-harvard-grads-to-turn-down-300k-salaries">college</a>&nbsp;and started a rental arbitrage business in 2019. A couple of years later, he had built up a portfolio of leases on&nbsp;more than 50 properties, which generate&nbsp;over $750,000 in net income&nbsp;annually, per&nbsp;<a href="https://www.businessinsider.com/real-estate-investing-six-figures-annually-without-owning-property-2022-8?utm_campaign=business-sf&amp;utm_source=facebook&amp;utm_medium=social&amp;fbclid=IwAR0MGwqxISXFai0vXeBRr-RnfP4lNVsowTBmWBbwMtp299jzeiheWVMA1E8">Business Insider</a>.
Cheung got started by consuming as much information on rental arbitration as he could find. The strategy involves making a profit on the difference between what it costs to rent a property long-term&nbsp;and what someone is willing to pay for that same property in the&nbsp;<a href="https://www.benzinga.com/topic/short-term-rentals">short-term rental market</a>.
After searching housing websites like&nbsp;Zillow Group&nbsp;Inc&nbsp;(NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/zg#NASDAQ">ZG</a>) (NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/z#NASDAQ">Z</a>) for available occupancy in his local area, Cheung began calling landlords to see who might be interested in renting to a rental-arbitrage operator.&nbsp;
In early 2019, he signed a pair of one-year leases: a one-bedroom apartment for about $1,200 a month and a studio for about $1,000 a month. He spent approximately $5,000 furnishing the two units and then posted the pair&nbsp;on&nbsp;Airbnb&nbsp;Inc (NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/abnb#NASDAQ">ABNB</a>). He got a hit right away.
See Also:&nbsp;<a href="https://www.benzinga.com/news/23/04/32019774/man-built-backyard-treehouse-in-6-months-its-so-popular-on-airbnb-he-quit-his-job">Man Built Backyard Treehouse In 6 Months: It&#8217;s So Popular On Airbnb, He Quit His Job</a>
&#8220;I was insanely excited and it was pretty much like instant. As soon as I listed, someone was inquiring,&#8221; Cheung said.
He started generating about $4,000 per month on<a href="https://www.benzinga.com/news/23/04/31687018/couple-uses-huge-airbnb-profits-to-buy-time-they-only-spend-1-hour-working-per-week">&nbsp;Airbnb&nbsp;</a>from the two units, leaving him with close to $1,500 a month in profit. A few months later, he landed a 60-day rental in one of his units from a construction manager who was looking to find short-term housing for more than 30 other workers.&nbsp;
He got right to work looking for other properties he could lease long-term, and then&nbsp;rent to the workers who were going to be staying in town for two months working on&nbsp;a construction project.&nbsp;
He was able to land three three-bedroom houses and&nbsp;<a href="https://www.benzinga.com/living/best-duplex-house-plans/">a duplex</a>&nbsp;that had a total of six rooms. He quickly set up one-year leases and&nbsp;furnished the places before the construction crew made it to town.&nbsp;
&#8220;It was pretty scary having $10,000 a month in liability and rent expenses,&#8221; Cheung said.
He soon found himself netting about $4,000 a month in profit from the construction crew&#8217;s stay, and then he began targeting other&nbsp;construction crews that would be coming to town and looking for similar short-term housing opportunities.&nbsp;
As his operation scaled, he couldn&#8217;t keep up with all the maintenance, so he hired a cleaning crew to take over in between listings. Then the pandemic hit.&nbsp;
In 2020 the travel industry took a turn&nbsp;as a result of COVID-19 lockdowns. He managed to survive the year by&nbsp;<a href="https://www.benzinga.com/news/23/03/31342788/26-year-old-gets-paid-to-live-in-a-luxury-tiny-home-in-her-own-backyard">renting out his properties</a>&nbsp;for slightly longer periods of time, and by early 2021 he stepped into a&nbsp;<a href="https://www.benzinga.com/news/23/03/31222881/billionaire-warren-buffett-still-lives-in-a-1920s-house-he-paid-31k-for">buyer&#8217;s market</a>.&nbsp;
He ultimately arranged leases for multiple units, occasionally&nbsp;inking deals that included one or two months of free rent. By the end of 2021, he had leases on over 50 properties and occupancy jumped back up.&nbsp;
&#8220;That was probably the biggest challenge I faced in my time with the Airbnb business, was taking it through COVID, and obviously I did get through,&#8221; Cheung said.&nbsp;
In 2021, Cheung&#8217;s business generated gross profits of close to $2 million. His expenses for the year came in at approximately $1.25 million, leaving him with about&nbsp;<a href="https://www.benzinga.com/news/23/03/31224036/22-year-old-bought-coin-operated-car-wash-that-basically-runs-itself-and-generates-more-than-65k-a-y">$750,000 in net profit</a>.&nbsp;
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<li><a href="https://www.benzinga.com/news/23/05/32269243/how-this-engineer-quit-his-job-and-now-earns-189k-a-year-working-3-5-days-per-week">How This Engineer Quit His Job And Now Earns $189K A Year Working 3.5 Days Per Week</a></li>
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This story is part of a new series of features on the subject of success,&nbsp;<a href="https://www.benzinga.com/topic/benzinga-inspire">Benzinga Inspire</a>. Some elements of this story were previously reported by Benzinga and it has been updated.
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