Investors battered Zillow Group Inc. (ZG)  on Wednesday after the online real estate marketplace missed third-quarter revenue estimates and cut its full-year revenue guidance.

Shares of the Seattle-based company nosedived 24% to $30.96.

Revenue totaled $343 million, up from $281.84 million a year ago, but missed Wall Street's expectations of $343.7 million. Zillow posted quarterly earnings on an adjusted basis of 18 cents a share, 1 cent better than analysts' estimates.

Looking ahead, Zillow said it expected fourth-quarter revenue to range from $340 million and $357 million, below Wall Street's expectations of $368 million.

Zillow also lowered its full-year revenue guidance to a range of $1.31 billion to $1.32 billion, from a previously adjusted range of $1.32 billion to $1.35 billion.

Canaccord Genuity Group Inc., meanwhile, cut Zillow's stock price target cut to $50 from $60.

Zillow's brands include Trulia, StreetEasy, HotPads, Naked Apartments and RealEstate.com.

More from Investing

2 Well-Known Stocks You Should Consider Shorting This Week

2 Well-Known Stocks You Should Consider Shorting This Week

Cypress Semi's CEO Talks Cars, Smart Homes and Industry M&A With TheStreet

Cypress Semi's CEO Talks Cars, Smart Homes and Industry M&A With TheStreet

Gold To Test $1,350 In 2019; Risks Are To Upside

Gold To Test $1,350 In 2019; Risks Are To Upside

Why Jim Cramer Is Holding Off on Buying Nvidia Stock

Why Jim Cramer Is Holding Off on Buying Nvidia Stock

Silver to Climb to $20, Outperform Gold in 2019

Silver to Climb to $20, Outperform Gold in 2019