Zillow Group (ZG) Selling 7,000 Homes for $2.8 Billion After Flipping Halt - Bloomberg
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/8/2026
- S&P 500 falls as AI worries hit software makers
- Brent crude hits six-week high near $97 as Houthi strike targets Saudi Aramco
- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
- Novartis shares plunge 10% as failed drug trial clouds growth outlook
- Citi initiates UiPath coverage with Buy rating and $23 target
- Harry and Meghan surprised by King Charles' letter on their status
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- S&P 500 falls as AI worries hit software makers
- After an 18% summer selloff in chip stocks, Citi asks what comes next
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
- After-Hours Movers: WDAY, ADSK, S, RBRK, MRVL, ULTA, GAP, AFRM
- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
Zillow Group (ZG) Stock Crashes Again on a Big Q3 Miss and Plans to Wind Down its Offers Business; Several Analysts Downgrade to Neutral
November 3, 2021 6:24 AM EDTShares of Zillow Group (NASDAQ: ZG) are down roughly 16% in pre-open Wednesday after the company reported extremely disappointing Q3 results and announced a major change to its business model.
Zillow reported an adjusted EPS loss of $0.95, a big miss compared to the analyst estimate of a profit of $0.16 per share. Revenue for the quarter came in at $1.74 billion to miss on the $2 billion consensus.
"We've determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet... More
Zillow's (ZG) Abrupt Homes Sales Raise a Lot of Questions Into Earnings Tonight - BofA
November 2, 2021 12:25 PM EDTBofA Securities analyst Nat Schindler weighed in on Zillow Group (NASDAQ: ZG) after the company abruptly sold 7,000 homes to institutional investors for about $2.8 billion, according to a Bloomberg News report. Schindler said the news points to one of two things that make them even more cautious on the company's iBuyer segment and category as a whole:
1) ZG is sufficiently concerned over the... More
Opendoor (OPEN) Plunges 16%
November 2, 2021 10:27 AM EDTOpendoor (NASDAQ: OPEN) plunged 16% Tuesday.
The decline appears tied to problems with Zillow Group's (NASDAQ: ZG) house flipping business.
