Z Stock Summary and Trading Ideas (Zillow Group - Class C Capital Stock | NASDAQ:Z)

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.

Zillow Group - Class C Capital Stock trades on the NASDAQ stock market under the symbol Z.

As of April 18, 2024, Z stock price declined to $41.81 with 2,689,058 million shares trading.

Z has a beta of 1.55, meaning it tends to be more sensitive to market movements. Z has a correlation of 0.16 to the broad based SPY ETF.

Z has a market cap of $9.76 billion. This is considered a Mid Cap stock.

Last quarter Zillow Group - Class C Capital Stock reported $474 million in Revenue and $.20 earnings per share. This beat revenue expectation by $23 million and exceeded earnings estimates by $.08.

In the last 3 years, Z stock traded as high as $142.80 and as low as $26.14.

The top ETF exchange traded funds that Z belongs to (by Net Assets): VNQ, VTI, VXF, VO, VBR.

Z has underperformed the market in the last year with a price return of -8.3% while the SPY ETF gained +22.3%. Z has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.5% and -10.5%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

Z support price is $41.49 and resistance is $43.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that Z stock will trade within this expected range on the day.