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 November 15, 2024, ZG stock price declined to $70.73 with 583,572 million shares trading.

ZG has a beta of 2.57, meaning it tends to be more sensitive to market movements. ZG has a correlation of 0.33 to the broad based SPY ETF.

ZG has a market cap of $16.52 billion. This is considered a Large Cap stock.

Last quarter Zillow Group - Class A reported $581 million in Revenue and $.35 earnings per share. This beat revenue expectation by $26 million and exceeded earnings estimates by $.06.

In the last 3 years, ZG traded as high as $73.89 and as low as $26.21.

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

ZG has outperformed the market in the last year with a price return of +80.8% while the SPY ETF gained +31.8%. ZG has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +37.3% and +22.6%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

ZG support price is $69.79 and resistance is $74.21 (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 shares will trade within this expected range on the day.