5 days ago - marketbeat.com

The new market cycle could be the best environment for ‘boring' stocks to take off. Recently, there has been some interest in the real estate sector, especially after Warren Buffett started buying homebuilding stocks like PulteGroup Inc. NYSE: PHM and D.R.

1 week ago - globenewswire.com

SEATTLE, June 28, 2024 (GLOBE NEWSWIRE) -- Atossa Therapeutics, Inc. (Nasdaq: ATOS) (“Atossa” or the “Company”) today announced protocol changes in the previously initiated study to evaluate Atossa's proprietary (Z)-endoxifen in combination with abemaciclib (VERZENIO®), a cyclin-dependent kinase (CDK) 4/6 inhibitor marketed by Eli Lilly and Company. The study is investigating the combination as a neoadjuvant treatment in women with newly diagnosed Estrogen Receptor positive (ER+) / Human Epidermal Growth Factor Receptor 2 negative (HER2-) breast cancer. Atossa is a clinical stage biopharmaceutical company developing innovative medicines in areas of significant unmet medical need in oncology with a focus on breast cancer.

1 week ago - fool.com

An insider just bought $100 million in stock.

2 weeks ago - seeitmarket.com

This week, inflation data provided some encouraging signs. Both the Consumer Price Index (CPI) and Producer Price Index (PPI) came in lower than expected.

3 weeks ago - geekwire.com

This story originally appeared on Real Estate News.

3 weeks ago - invezz.com

On June 12, 2024, Zillow Group, Inc. (NASDAQ:Z) experienced a significant surge in its stock price, closing up over 13%.

3 weeks ago - investorplace.com

Multiple signs are indicating that the U.S. economy's “higher for longer” interest rates are starting to take a greater toll on the country's housing market. First, last month the number of homes for sale whose prices were reduced came in at nearly 278,000, according to the Federal Reserve.

3 weeks ago - marketbeat.com

After a few months of stalemate between buyers and sellers, the U.S. real estate sector is finally looking to get back on its feet. With the Intercontinental Exchange reporting that most outstanding mortgages in the U.S. carry an interest rate of only 3.25% today, most homeowners don't have an incentive to put their homes on the market.

1 month ago - zacks.com

Zillow (ZG) reported earnings 30 days ago. What's next for the stock?

1 month ago - prnewswire.com

Zillow has created the Fair Housing Classifier for large language models (LLMs) to help others in real estate, civil rights and technology sectors safeguard AI-powered real estate conversations SEATTLE , May 21, 2024 /PRNewswire/ -- Today, Zillow is releasing its open-source Fair Housing Classifier , which establishes guardrails to promote responsible and unbiased behavior in real estate conversations powered by large language model (LLM) technology. Many AI tools disregard fair housing requirements and, when deployed, can perpetuate bias and undermine the progress achieved in advocating for fair housing.

1 month ago - https://www.foxbusiness.com

An overwhelming majority of homes in the U.S. are overvalued as steep mortgage rates and an ongoing housing shortage push the price of real estate even higher. A new report published by Fitch Ratings found that homes were overvalued by 11.1% at the end of 2023, a trend occurring in about 90% of U.S. metro areas. But the increase in homes being sold at prices over the long-term average was noticeably higher in a handful of Southern states. Tennessee, Arkansas and South Carolina saw the sharpest rise in overvalued homes, followed by Montana and Alabama. CREDIT CARD DELINQUENCIES ARE SURGING There are a number of driving forces behind the spike in prices. Years of underbuilding fueled a shortage of homes in the country, a problem that was later exacerbated by the rapid rise in mortgage rates and expensive construction materials. Available home supply remains down a stunning 34.3% from the typical amount before the COVID-19 pandemic began in early 2020, according to a separate report published by Realtor.com. Higher mortgage rates over the past three years have also created a "golden handcuff" effect in the housing market. Sellers who locked in a record-low mortgage rate of 3% or less during the pandemic began have been reluctant to sell, limiting supply further and leaving few options for eager would-be buyers. WHY CAN'T YOU FIND A HOME FOR SALE? While an uptick in the number of home listings in certain markets is a welcome sign that suggests "early signs of normalization," Fitch said "the pace is being tempered by persistently high mortgage rates and the escalation of home prices." Economists predict that mortgage rates will remain elevated in 2024 and that they will only begin to fall once the Federal Reserve starts cutting rates. Even then, rates are unlikely to return to the lows seen during the pandemic. On top of that, investors are growing skeptical about the odds of a Fed rate hike this year given the string of hotter-than-expected inflation reports at the beginning of the year. AMERICANS EXPECT HIGH INFLATION TO STICK AROUND IN LATEST NY FED SURVEY Mortgage buyer Freddie Mac said Thursday that the average rate on a 30-year loan last week fell to 7.02%. While that is down from a peak of 7.79% in the fall of 2023, it remains sharply higher than the pandemic-era lows of just 3%. Most homeowners say they are nearly twice as willing to sell their home if their mortgage rate is 5% or higher, according to a separate Zillow survey. Currently, about 80% of mortgage holders have a rate below 5%. A separate survey conducted by Redfin shows the combination of steep mortgage rates and elevated home prices has pushed the median monthly housing payment to a record $2,775 – an 11% increase from the same time last year. GET FOX BUSINESS ON THE GO BY CLICKING HERE "Market conditions for homebuyers remain challenging with few homes listed and costs for ownership still climbing," said Ben Ayers, Nationwide senior economist. "Despite strong fundamentals for demand from demographics and a strong labor market, many first-time buyers are being shut out of the market by elevated financing rates and rising prices."

1 month ago - https://www.defenseworld.net

Zillow Group, Inc. (NASDAQ:Z – Get Free Report) General Counsel Bradley D. Owens sold 1,373 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total value of $60,617.95. Following the transaction, the general counsel now directly owns 40,194 shares in the company, valued at approximately $1,774,565.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Zillow Group Price Performance Shares of Z opened at $44.10 on Monday. The stock’s 50-day moving average price is $46.05 and its 200 day moving average price is $49.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.32 and a current ratio of 3.32. Zillow Group, Inc. has a 12-month low of $33.80 and a 12-month high of $61.13. Zillow Group (NASDAQ:Z – Get Free Report) last issued its earnings results on Wednesday, May 1st. The financial services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.42). Zillow Group had a negative net margin of 7.93% and a negative return on equity of 2.28%. The firm had revenue of $529.00 million during the quarter, compared to analyst estimates of $509.30 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. On average, analysts predict that Zillow Group, Inc. will post -0.18 earnings per share for the current year. Analyst Ratings Changes Z has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Zillow Group in a report on Thursday, May 2nd. Jefferies Financial Group lifted their target price on shares of Zillow Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Wedbush decreased their price target on shares of Zillow Group from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.20. Check Out Our Latest Report on Zillow Group Institutional Trading of Zillow Group Several institutional investors have recently made changes to their positions in Z. International Assets Investment Management LLC acquired a new position in Zillow Group during the fourth quarter worth $9,983,000. FMR LLC lifted its holdings in Zillow Group by 203.1% during the 3rd quarter. FMR LLC now owns 3,450,713 shares of the financial services provider’s stock valued at $159,285,000 after purchasing an additional 2,312,241 shares during the last quarter. Hsbc Holdings PLC boosted its position in Zillow Group by 35.4% in the third quarter. Hsbc Holdings PLC now owns 261,547 shares of the financial services provider’s stock valued at $12,103,000 after buying an additional 68,357 shares in the last quarter. Ninety One UK Ltd grew its stake in Zillow Group by 29.4% during the fourth quarter. Ninety One UK Ltd now owns 1,899,383 shares of the financial services provider’s stock worth $109,898,000 after buying an additional 431,070 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Zillow Group during the third quarter worth about $2,864,000. 71.01% of the stock is currently owned by institutional investors and hedge funds. Zillow Group Company Profile (Get Free Report) 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.

1 month ago - https://www.defenseworld.net

Envestnet Portfolio Solutions Inc. increased its position in Zillow Group, Inc. (NASDAQ:ZG – Free Report) by 18.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,129 shares of the technology company’s stock after acquiring an additional 2,470 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Zillow Group were worth $915,000 as of its most recent SEC filing. Several other hedge funds have also recently bought and sold shares of the company. Versor Investments LP raised its position in Zillow Group by 36.3% during the fourth quarter. Versor Investments LP now owns 13,897 shares of the technology company’s stock worth $788,000 after acquiring an additional 3,700 shares during the last quarter. New York Life Investment Management LLC increased its stake in shares of Zillow Group by 6.7% during the 4th quarter. New York Life Investment Management LLC now owns 6,365 shares of the technology company’s stock worth $361,000 after purchasing an additional 401 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of Zillow Group during the 4th quarter worth approximately $226,000. Hartline Investment Corp lifted its stake in Zillow Group by 9.7% in the 4th quarter. Hartline Investment Corp now owns 52,491 shares of the technology company’s stock valued at $2,977,000 after buying an additional 4,624 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Zillow Group during the 4th quarter valued at $26,000. 20.32% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at Zillow Group In related news, Director Amy Bohutinsky sold 93,750 shares of Zillow Group stock in a transaction on Monday, March 4th. The shares were sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the transaction, the director now owns 5,652 shares in the company, valued at approximately $320,411.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, General Counsel Bradley D. Owens sold 1,373 shares of Zillow Group stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $44.15, for a total transaction of $60,617.95. Following the sale, the general counsel now owns 40,194 shares in the company, valued at $1,774,565.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy Bohutinsky sold 93,750 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $56.69, for a total transaction of $5,314,687.50. Following the transaction, the director now directly owns 5,652 shares in the company, valued at $320,411.88. The disclosure for this sale can be found here. Insiders sold 166,560 shares of company stock valued at $8,829,931 over the last 90 days. Corporate insiders own 17.14% of the company’s stock. Zillow Group Trading Down 1.3 % ZG opened at $43.35 on Monday. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year high of $59.23. The firm has a 50 day moving average price of $45.19 and a 200 day moving average price of $48.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32. Wall Street Analysts Forecast Growth A number of equities analysts have recently weighed in on the company. DA Davidson reissued a “buy” rating and issued a $63.00 price target on shares of Zillow Group in a report on Friday, April 5th. Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Zillow Group in a report on Tuesday, April 30th. Susquehanna raised their price target on shares of Zillow Group from $36.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. JMP Securities cut their price objective on shares of Zillow Group from $68.00 to $62.00 and set a “market outperform” rating for the company in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $57.40. Read Our Latest Report on Zillow Group Zillow Group Company Profile (Free Report) 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.

1 month ago - https://www.defenseworld.net

Zillow Group, Inc. (NASDAQ:ZG – Get Free Report) General Counsel Bradley D. Owens sold 1,373 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $44.15, for a total value of $60,617.95. Following the transaction, the general counsel now directly owns 40,194 shares in the company, valued at $1,774,565.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Zillow Group Stock Down 1.3 % Shares of NASDAQ:ZG opened at $43.35 on Monday. Zillow Group, Inc. has a 1 year low of $33.23 and a 1 year high of $59.23. The company has a market capitalization of $10.24 billion, a PE ratio of -62.83 and a beta of 1.87. The business has a fifty day moving average price of $45.19 and a two-hundred day moving average price of $48.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 3.32. Wall Street Analysts Forecast Growth A number of equities analysts have recently weighed in on ZG shares. Craig Hallum lowered their target price on Zillow Group from $65.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. DA Davidson reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Zillow Group in a research note on Friday, April 5th. JPMorgan Chase & Co. decreased their target price on shares of Zillow Group from $65.00 to $61.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Benchmark restated a “buy” rating and issued a $60.00 target price on shares of Zillow Group in a report on Tuesday, April 30th. Finally, Susquehanna lifted their price target on Zillow Group from $36.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Zillow Group has an average rating of “Moderate Buy” and an average target price of $57.40. Get Our Latest Stock Report on Zillow Group Institutional Trading of Zillow Group Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in shares of Zillow Group during the 4th quarter worth $26,000. Creative Financial Designs Inc. ADV bought a new position in Zillow Group during the fourth quarter worth about $31,000. Fidelis Capital Partners LLC purchased a new position in shares of Zillow Group in the first quarter worth about $32,000. Quadrant Capital Group LLC raised its position in shares of Zillow Group by 45.1% in the fourth quarter. Quadrant Capital Group LLC now owns 763 shares of the technology company’s stock valued at $43,000 after purchasing an additional 237 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in shares of Zillow Group during the 1st quarter valued at approximately $53,000. Institutional investors own 20.32% of the company’s stock. Zillow Group Company Profile (Get Free Report) 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.

1 month ago - seekingalpha.com

Zillow Group's 1Q24 earnings beat estimates, with revenue growing 13% to $529 million. The company has three major growth catalysts: agent solutions, expansion into new markets, and a strong Rentals segment. The potential slowdown in the Residential segment is a concern, but Zillow Group still has attractive upside potential.

1 month ago - businessinsider.com

US average rent rose to just under $2,000 per month in April, Zillow reports. Tenants now need to earn 36% more than they did in 2019 to afford a typical rent.

1 month ago - fool.com

This real estate technology company could be hit hard by a changing real estate market.

1 month ago - zacks.com

Investors looking for stocks in the Real Estate - Operations sector might want to consider either KE Holdings Inc. Sponsored ADR (BEKE) or Zillow (Z). But which of these two companies is the best option for those looking for undervalued stocks?

1 month ago - fool.com

Starbucks has been on my radar for quite some time, and I finally decided to buy shares after the post-earnings drop. Zillow is a platform that I love to use, but I have serious concerns about its business in the coming years.

2 months ago - fool.com

Housing is changing and Zillow is leading the way.

2 months ago - seekingalpha.com

Zillow Group's stock has declined almost -20% since my first coverage, confirming my sell rating at the time. Share performance has been volatile, reaching an all-time high in 2021 but declining since then as high interest rate environment continued to present headwinds. Strong rental performance may continue to accelerate growth. I upgrade Zillow Group to a buy rating with a 1-year price target of $45.

2 months ago - barrons.com

Rising mortgage rates are a headwind for the listings site, the company says.

2 months ago - marketbeat.com

After reporting its first quarter 2024 earnings results, arguably the most important as they set the tone for the rest of the year, shares of Zillow Group Inc. NASDAQ: Z are trading lower by as much as 12% in the after-market hours following the announcement. While markets have enough evidence to dump the stock, they could ignore the big picture.