ZG Stock Summary and Trading Ideas (Zillow Group - Class A | NASDAQ:ZG)

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 A trades on the NASDAQ stock market under the symbol ZG.

As of April 25, 2024, ZG stock price declined to $42.69 with 176,137 million shares trading.

ZG has a beta of 1.62, meaning it tends to be more sensitive to market movements. ZG has a correlation of 0.18 to the broad based SPY ETF.

ZG has a market cap of $9.97 billion. This is considered a Mid Cap stock.

Last quarter Zillow Group - Class A 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, ZG stock traded as high as $144.84 and as low as $26.21.

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

ZG has underperformed the market in the last year with a price return of -1.6% while the SPY ETF gained +23.1%. ZG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.3% and -3.9%, respectively, while the SPY returned +3.6% and -2.5%, respectively.

ZG support price is $41.83 and resistance is $43.93 (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 ZG stock will trade within this expected range on the day.