Zillow (Z, $61.22) rating boosted to buy from hold
On Monday, Zillow shares were upgraded by a Needham analyst, on what the latter perceives as growing willingness among consumers for online realtors’ services.
Needham analyst Brad Erickson lifted rating on shares of the online real-estate platform/ brokerage to buy from hold.
Erickson thinks that prospective home buyers will have a greater comfort level with online interactions with realtors as the covid-19 pandemic compels them to move much of their lives online through (work from home) and shelter-in-place. He also mentioned that smaller realtors face increasing challenges due to headwinds to lead generation and low inventory – a situation that will propel real estate agent consolidation towards larger agencies and thus enable those agencies to spend more on advertising to grab market share.
Erickson did mention downside risks of low inventory leading to transaction softness and macro risk; but said, "we view these risks as low probability if at all given the current macro technology".
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In 224 of 288 similar cases where Z Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 78%.
Bearish Trend Analysis
The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 21 of 36 cases where Z's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 58%.
The Stochastic Indicator may be shifting from an Uptrend to a Downtrend. In 30 of 56 cases where Z's Stochastic indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 54%.
Following a 3-day Decline, the ticker is projected to fall further. Considering data from situations where Z declined for three days, in 194 of 272 cases, the price rose further within the following month. The odds of a continued Downtrend are 71%.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 24 of 40 cases where Z's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 60%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 71%. During the last month, the daily ratio of advancing to declining volumes was 2.31 to 1.
The Tickeron Profit vs. Risk Rating rating for this company is 30 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock better than average.
The Tickeron Valuation Rating of 33 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.70) is normal, around the industry mean (8.00). P/E Ratio (0.00) is within average values for comparable stocks, (59.07). Projected Growth (PEG Ratio) (0.00) is also within normal values, averaging (6.95). Dividend Yield (0.00) settles around the average of (0.33) among similar stocks. P/S Ratio (2.22) is also within normal values, averaging (3.53).
The Tickeron Price Growth Rating for this company is 37 (best 1 - 100 worst), indicating steady price growth. Z’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 92 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Aroon Indicator for Z shows an upward move is likely
Z's Aroon Indicator triggered a bullish signal on December 03, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 245 similar instances where the Aroon Indicator showed a similar pattern. In of the 245 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 07, 2024. You may want to consider a long position or call options on Z as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for Z just turned positive on November 07, 2024. Looking at past instances where Z's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Z moved above its 50-day moving average on November 07, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for Z crossed bullishly above the 50-day moving average on November 08, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where Z advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 17 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Z declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Z broke above its upper Bollinger Band on November 07, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. Z’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. Z’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.488) is normal, around the industry mean (11.013). P/E Ratio (129.870) is within average values for comparable stocks, (51.267). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.441). Dividend Yield (0.000) settles around the average of (0.026) among similar stocks. P/S Ratio (5.790) is also within normal values, averaging (19.431).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a real estate app
Industry InternetSoftwareServices