#4 - Zillow Group (NASDAQ:ZG)
Financial technology (fintech) continues to be one of the hottest sectors for tech-minded investors. And Zillow Group (NASDAQ:ZG) can be very considered very trend-forward. Wood certainly seems to think so. Her ARK Fintech (NYSEARCA:ARKF) fund has taken a hefty position in ZG stock.
One statement that became true last year was that commerce found a way. And when it came to buying and selling a home during a pandemic that limits our ability to interact with one another, Zillow thrived. The company was already on the forefront of enabling online real estate transactions. However despite the pandemic, Zillow achieved year-over-year revenue growth and posted a profit on the bottom line in the last two quarters.
Like most tech stocks, it’s been a rough last month for ZG stock. However the stock is still is up approximately 15% for 2021 and will benefit as technology-led real estate transactions are likely to become a standard way of operating.
About Zillow Group
Zillow Group, Inc operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, advertising, display advertising, and business technology solutions, as well as dotloop and floor plans. It also provides mortgage originations and the sale of mortgages, and advertising to mortgage lenders and other mortgage professionals; and title and escrow services.
Read More - Current Price
- $80.79
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $68.18 (15.6% Downside)
