#2 - Zillow Group (NASDAQ:ZG)
Zillow Group (NASDAQ:ZG) is an online real estate database company. Zillow allows prospective home buyers to comb through over 100 million listings nationwide. The company sees growth in all three of its business units: its core internet, media, and technology (IMT) unit, its Zillow Offers unit, and its mortgages unit.
The company’s stock continues to move higher after a stellar earnings report in August. One catalyst is Zillow’s “Schedule a Tour” feature that is helping realtors identify high-quality leads. Zillow is also recouping some of the losses it sustained when it offered real estate agents discounts at the onset of the global pandemic.
The company’s Zillow Homes unit is currently trying to rebuild its inventory. Currently, the company has an inventory of approximately 440 homes. In 2018, the company had over 2,800 homes to sell.
ZG stock has climbed over 132% for the year and shows no sign of slowing down. The stock is up over 30% in September.
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
- $73.77
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $72.71 (1.4% Downside)
