|Bid||0.00 x 1800|
|Ask||0.00 x 900|
|Day's Range||30.30 - 31.92|
|52 Week Range||26.38 - 65.70|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||38.33|
SEATTLE, Jan. 23, 2019 -- Zillow Group, Inc. (NASDAQ: Z) (NASDAQ: ZG), which houses a portfolio of the largest and most vibrant real estate and home-related brands on mobile.
Another swath of homes could soon populate Newark’s long-industrial waterfront. Developer Integral Communities' project is up for final approval on Thursday, which would bring 192 single-family homes and a 5-acre park to the western edge of the city. Integral is one of several homebuilders looking to revamp the scattered area into a walkable, family-oriented neighborhood.
When it comes to tech stocks a lot of ink has been spilled on the so-called FANGs. And for good reason. Leaders like Facebook (NYSE:FB) or Netflix (NASDAQ:NFLX) have been dominant forces in the sector and have shaken-up their respective technology subsectors since the end of the great recession. The problem is, has we continue to focus on the FAANGs, plenty of other tech stocks have gone unnoticed. After all, there's more to the technology sector than just Apple (NASDAQ:AAPL). In fact, there's a lot more. Some of the best tech stocks continue to fly under the radar as the focus continues to be on FANG stocks. For investors, looking here could provide some of the best long-term growth potential around. but which firms have the goods to help you forget about the FANGs like Google (NASDAQ:GOOG) and NFLX? InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stupidly Cheap Stocks to Buy Now Here are five tech stocks worth a look. ### Tech Stocks That Are Not FANG: The Trade Desk (TTD) Source: Shutterstock Advertising today is nothing like an episode of Mad Men. As various digital platforms have exploded in use, marketers and advertisers have been forced to adapt to the shifting landscape. Helping them adapt to that shift and target the right customer at the right time is The Trade Desk (NYSE:TTD). The idea behind TTD is simple enough. Dubbed "programmatic advertising," Trade Desk will use high-speed computers and various algorithms to automate the process of ad buying in real time. By searching the nearly 20 digital-ad exchanges, TTD allows advertisers to instantly find exactly who they want to target their ad to -- whether that's on their computer, smartphone or other devices. Trade Desk's programs are so fast and successful, they are able to place roughly 9 million ads per second through their online auctions. In the end, it creates a much more efficient and cost-effective way for companies to reach consumers. For TTD, this creates plenty of revenues and growth. As Trade Desk has been able to score more customers, the Trade desk saw its revenue jump by 50% year-over-year during the third quarter. The best part of that jump was that two of firm's main growth engines -- video and connected TV advertising -- are just really getting started. That leaves plenty of room for TTD to continue its pace of huge revenue jumps. Even better, TTD stock is profitable. All in all, the Trade Desk has what it takes to be one of the best tech stocks outside the FANGs. ### Tech Stocks That Are Not FANG: Workday (WDAY) Source: Workday Cloud-computing has really changed the way we function these days. So, naturally, tech stocks leading the way into the cloud are worthy FANG replacements. And Workday (NASDAQ:WDAY) maybe one of the best. Human Resources is full of tedious tasks such as changing ACH payroll information, filling out expense reports or signing up for a retirement/401k plan. Often these things get in the way of allowing the HR staff to do meaningful work. WDAY makes a variety of applications for small or large businesses to cover these tasks. The best part is, like many cloud computing firms, a business can add as little or as much as they like. And rather than purchasing the service, they pay a reoccurring fee. For Workday, this has all added up to some great growth. During Q3, WDAY saw a huge 33.8% jump to its total revenues, while subscriptions revenues came in at $624.4 million -- a 34.7% year-over-year jump. The best part is that its subscription revenue backlog -- that is, sales that are not officially booked, but will be as because companies have signed up for multi-term products -- came in at over $5.9 billion. With key high-margined products -- such as WDAY's business intelligence offering, Prism Analytics -- growing like weeds, the pace of revenues should continue. Moreover, it should allow Workday to finally move into the black when it comes to GAAP accounting standards. * 3 Blue-Chip Stocks That Will Power Through Market Turmoil All in all, Workday is quickly becoming a go-to name in HR management. For investors, that makes one serious tech stock to have your portfolio. ### Tech Stocks That Are Not FANG: Twilio (TWLO) Source: Web Summit Via Flickr Want to forget the FANGs? A 278% return will help you do it. And that's just what investors in Twilio (NASDAQ:TWLO) were treated to last year. That return was one of the best among all tech stocks -- FANG's included. There's plenty of reasons why TWLO could see more gains ahead. Twilio designs cloud-based communications platforms that allow developers to send automated phone calls, text messages, and other communication functions. For example, when you're doing a bit of online shopping or banking and you see one of those chat boxes that allows you ask questions or find out more about a product or account, Twilio made that happen. The awesome part is that developers can simply take TWLO's APIs and apps, chuck them into their code and instantly get the ability to add these functions. TWLO collects a fee when consumers use the functions. And collect fees it does. As of the end of the third quarter, TWLO had roughly 61,000 different customers using their apps. Those customers have channeled revenue growth of 230% since Twilio when public back in 2016. Last quarter alone, revenues jumped by 68% as both organic and new customer growth surged. And there's still plenty of room to grow across a variety of customers. Given the ease of TWLO's products and the continued growth potential, it's easy to see how the tech stock will a giant over the long haul. That's assuming it doesn't get bought out first. ### Tech Stocks That Are Not FANG: Splunk (SPLK) Source: Web Summit Via Flickr As technology has invaded our lives, we create a lot of data. In fact, we make so much of it, a new term "Big Data" was invented to describe the billions of gigabytes of info we generate. The problem for businesses is how to comprehend that data and dig into it to gain actual knowledge. Software firm Splunk (NASDAQ:SPLK) hopes to provide the answers. At its core, Splunk provides a variety of tools and businesses intelligence software to collect, manage and analyze all the data various organizations make. This includes everything from machine learning and application analysis to cybersecurity and business analytics. The win is that SPLK's applications are set-up to use a simple website-style interface. You don't need to be a developer to use or understand the software. This ease of use and ability to comb through all the data has a lot of fans. Some of SPLK's customers include Zillow (NYSE:Z), Coca-Cola (NYSE:KO) and AAA. Naturally, all of this love for Big Data has created some big revenues for the tech stock. Over the last quarter, revenues jumped over 40% year-over-year. This was now the 27th consecutive quarter of beating estimates. Moreover, the firm's loss per share has narrowed. * 7 Stocks to Buy That Lost 20% Over Past 90 Days When it comes to tech stocks, Splunk is the reigning big data king. ### Tech Stocks That Are Not FANG: Fortinet Inc (FTNT) Source: Dennis van Zuijlekom via Flickr Not to be confused with the popular video game Fortnite, Fortinet (NASDAQ:FTNT) could be one of the best tech stocks out there. And that's because of what it targets: cybersecurity. With hacks, data breaches and other cyber threats on the rise, protecting a network is of utmost importance. And it's only getting much more important as we move into the cloud, conduct more banking online and live more complicated digital lives. It's FTNT's job to make sure a company's or your data doesn't fall into the hands of hackers. It develops and markets various cybersecurity software as well as devices such as firewalls, anti-virus, intrusion prevention, VPNs and endpoint security products. Basically, all the stuff you'd need to build a secure network. And given the high-profile nature of several recent data breaches, FTNT is supplying a lot of stuff. Last quarter, non-GAAP revenue surged 71%, while revenues grew at 21%. More importantly, the pace of growth is accelerating. According to Fortinet's sales breakdown, $250,000-plus deals jumped more than 27%, while the number of $1 million-plus transactions surged 32%. Even better is that average contract lengths have increased more than two years. All of this will continue to bring in more revenues for the cyber-security firm. With digital threats continuing to grow, Fortinet is poised to be one of the biggest winners among tech stocks. Disclosure: As of the time of writing, Aaron Levitt held no position in any stock mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Consumer Stocks to Buy for Income * 7 Dark Horse Stocks You Really Need to Look at for 2019 * 7 Retail Stocks to Buy for the Rise of Menswear Compare Brokers The post 5 Terrific Tech Stocks That Will Make You Forget About FANG appeared first on InvestorPlace.
NEW YORK, Jan. 22, 2019 /PRNewswire/ -- Today, StreetEasy®, New York City's leading real estate marketplace, unveiled Listing Tools, a new platform to make it easier for agents to enter and manage their NYC listings. Listing Tools will replace StreetEasy's current listing entry system for agents and will offer two versions: a paid enterprise version and a free version.
Buyers are snapping up homes in the Ashton, a rare for-sale housing development on the housing-starved Peninsula.
SEATTLE, Jan. 22, 2019 /PRNewswire/ -- A modern aesthetic, with clean and simple industrial materials, leads 2019's interior design trends, according to the Zillow® Home Trend Forecast. Organic and handmade elements like natural wall coverings or wooden side tables add warmth, and soften the effects of industrial materials like concrete or metals. "The overtly rustic, farmhouse chic design trend is easing up," said Zillow Design Expert Kerrie Kelly.
A period of adjustment is here as sellers' expectations catch up with the slowdown, Skylar Olsen said during Friday's Puget Sound Business Journal Outlook 2019 event.
The partial U.S. government shutdown has continued longer than any in U.S. history and left many federal workers without a paycheck. A whopping 800,000 workers aren't being paid, including 380,000 who are furloughed and 420,000 who are working without salary , according to a recent report from real-estate website Zillow . Of the workers who own a home, their total mortgage payments add up to $249 million per month.
NEW YORK, Jan. 18, 2019 /PRNewswire/ -- Last quarter, the number of homes for sale grew at double-digit rates in all five boroughs for the first time ever. In Manhattan, sales inventory rose 15.4 percent year over year, the fastest annual rate of growth in the fourth quarter since the financial crisis. As a result, fourth-quarter inventory was at its highest level since 2010, according to the Q4 StreetEasy Market Reportsi.
# Zillow Group Inc ### NASDAQ/NGS:Z View full report here! ## Summary * Bearish sentiment is high ## Bearish sentiment Short interest | Negative Short interest is high for Z with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting Z. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $4.29 billion over the last one-month into ETFs that hold Z are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Nearly all of the nation's largest housing markets saw the share of new construction homes with price cuts increase between the beginning and end of 2018 - About a quarter of all new construction homes ...
SEATTLE, Jan. 17, 2019 /PRNewswire/ -- In 2019, home sellers in Miami, Minneapolis-Saint Paul, Nashville, Orlando and Portland will be able to use Zillow Offers to request a no-obligation cash offer from Zillow to buy their home. Zillow will be launching Zillow Offers in each of these five markets throughout the year and expects all five to be active by the fall. Zillow Offers is a service for consumers to remove the hassle and uncertainty of selling a house.
In San Jose, a hot housing market is one in which there’s not much for sale but what is on the market will cost you many pretty pennies.
NEW YORK, Jan. 16, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
SAN FRANCISCO, Jan. 15, 2019 /PRNewswire/ -- Trulia®, a home and neighborhood site for homebuyers and renters, today announced Issi Romem as its new chief economist. In this role, Romem will spearhead Trulia's economic research and use Trulia's extensive neighborhood-level data to provide timely industry insights on both national and local housing market trends, demographic shifts and economic policies that matter most to buyers and renters.
San Jose claims the top spot for the second straight year, but Southern markets with growing tech economies make up half of the top-10 list of the hottest housing markets this year SEATTLE , Jan. 15, 2019 ...
Zillow Group Inc.'s stock price has sagged over the last year and that makes it a likely acquisition target this year, according to a Citi analyst. Seattle-based Zillow's stock is down about 20 percent over the past year, making an acquisition more affordable to potential buyers. “With lower valuations, with nearly $1 trillion in committed private equity capital on the sidelines, and with the risk of higher rates, internet M&A could increase in 2019,” Citi Analyst Mark May wrote in a research note Monday.
In the aftermath of tenant lawsuits and toxic soil, Danny Haber is trying again at the stalled 1919 Market St. site.
If this year's real estate outlook from Redfin (NASDAQ:RDFN) is anywhere close to being on target, owners of Redfin stock have good reason to worry. Not only is a lofty revenue growth estimate a setup for a letdown, the company's already-growing losses could expand. To some extent, the pullback Redfin stock has suffered since its post-IPO peak in August of 2017 already reflects doubt about the company's foreseeable future. RDFN shares, going public at $15 per share and racing to a high above $30 just a few days later, have subsequently peeled back to their current price near $16. Even with that selloff though, there's still no margin for error at a time when unpredictable headwinds are starting to blow. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 A-Rated Stocks the Smart Money Is Piling Into ### A Closer Look at Redfin Stock Investors most often compare it to online real estate listing venue Zillow Group (NASDAQ:Z). It's not an entirely off-base comparison. Both organizations allow homebuyers to look at real estate via the internet. First and foremost though, Redfin is a real estate broker that also happens to maintain a website of listings. And yet, that's still not all the company is. In 2017, Redfin launched a service called Redfin Now, offering to outright purchase homes rather then merely list them for sale. Although the service is only available in select markets, the company hopes to expand Redfin Now in the future. The cash-intensive strategy is as risky as it sounds, potentially leaving Redfin holding properties it may struggle to sell should the market take a sudden turn for the worse. And, the real estate market isn't exactly moving in the opposite direction at this time ### A Potential Slowdown and Redfin Stock Never let it be said the company wasn't completely honest with RDFN shareholders. In December, Redfin warned this year's housing market "will be coolest we've seen in years." Though home ownership will continue to rise, it only expects prices to improve on the order of 3%, versus an average growth rate of 5% since 2015. But, Redfin conceded that the forecast was far from certain, and it is possible home prices could actually contract for the first time since 2011. The alarming outlook isn't without its basis. Although still on the rise, month-to-month home price growth has already been slowing since the beginning of this year; both the Case-Shiller Index and the FHFA Home Price Index indicate this headwind. Click to Enlarge And worse, purchases of both new and existing homes have been trending downward since peaking in November of last year. Click to Enlarge Given the weakening number of purchases, it's surprising home price growth hasn't already slowed more dramatically. That stall may quietly be taking shape though. Higher interest rates are a partial culprit, though CEO Glenn Kelman cites another explanation for the brewing slowdown: the high-paying jobs that tend to accompany growth from technology companies, which tend to concentrate workers in one particular city or area and make homes affordable for others. Kelman explains: "We should want high-paying jobs, but when housing prices blow up in Boise or Salt Lake or Denver, a mob forms and they want answers," jibing with the company's 2019 outlook, which noted, "Growing cities will have to start building more housing now if they don't want to face the affordability and homelessness problems that established tech hubs like Seattle and San Francisco are currently facing." The technology sector's companies, however, are moving faster than local governments are. The imbalance may worsen before it improves. It all points to a tough 2019 for Redfin. ### Bottom Line for Redfin Stock Still, analysts are collectively calling for significant revenue growth, modeling a top-line improvement of 24% in 2019 after what should be a near-30% improvement for 2018. The market doesn't even entirely mind that 2019's expected per-share loss of 86 cents is considerably bigger than 2018's projected loss of 54 cents. Although still losing money and expanding those losses, investors have given Redfin some leeway, treating it more like a tech outfit than a real estate broker. While its current revenue growth is intoxicating, 2019's top-line target could quickly slip out of reach if the fragile real estate market collapses on itself, a scenario that would almost certainly pull the company's results deeper into the red. That would change the perception of Redfin in a hurry, and perception is everything for a story stock like RDFN that doesn't have any net earnings to speak of. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post A Fragile Real Estate Market Could Torture Redfin Stock This Year appeared first on InvestorPlace.
Several well-known internet companies could get purchased in 2019 as buyers turn to companies with recently scaled-back valuations.
Zillow has officially launched its new homebuying service in Raleigh. Beginning Monday, homeowners looking to sell can get an all-cash offer from the online real estate data company, through a service called Zillow Offers. The business model of Zillow’s new service is similar to that of fast-growing iBuyer Opendoor, which has been buying up hundreds of homes throughout the Triangle for nearly a year.
With the opening of its second North Carolina market today, Zillow Offers is now available in six markets in the U.S. SEATTLE, Jan. 14, 2019 /PRNewswire/ -- Starting today, home sellers in Raleigh, N.C. can use Zillow Offers to request a cash offer from Zillow to buy their home. Raleigh is the second North Carolina market, after Charlotte, where Zillow Offers is available.
On January 30, 2019, Zillow will reveal the winner of the $1 million competition to improve the accuracy of the Zestimate. Zillow will also award $100,000 to the second-place team and $50,000 to the third-place team, officially concluding the Zillow Prize competition. In the quest for the $1 million Zillow Prize, the winning team had to beat the accuracy of a Zillow benchmark model when evaluated against real-time home sales between August and October 2018.