Strong Performance Today In Diversified Services From Zillow Inc (Z)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Zillow ( Z) pushed the Diversified Services industry higher today making it today's featured diversified services winner. The industry as a whole closed the day down 0.5%. By the end of trading, Zillow rose $1.01 (1.9%) to $54.82 on average volume. Throughout the day, 519,606 shares of Zillow exchanged hands as compared to its average daily volume of 679,100 shares. The stock ranged in a price between $53.02-$55.42 after having opened the day at $53.57 as compared to the previous trading day's close of $53.81. Other companies within the Diversified Services industry that increased today were: Daegis ( DAEG), up 17.7%, Acacia Research Coroporation ( ACTG), up 5.5%, ENGlobal Corporation ( ENG), up 5.5%, and Mastech Holdings ( MHH), up 5.4%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Zillow, Inc. engages in the operation of a real estate and home-related information marketplace on mobile and the Web in the United States. Zillow has a market cap of $1.45 billion and is part of the services sector. The company has a P/E ratio of 304.2, above the S&P 500 P/E ratio of 17.7. Shares are up 90.5% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate Zillow a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Zillow as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.

On the negative front, Acquity Group Ltd ADR ( AQ), down 15.1%, Fortune Industries ( FFI), down 14.8%, PDI ( PDII), down 7.1%, and SuperMedia ( SPMD), down 6.3%, were all laggards within the diversified services industry with Hertz Global Holdings ( HTZ) being today's diversified services industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the diversified services industry could consider ProShares Ultra Short Consumer Sers ( SCC).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.

null

More from Markets

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Global Stocks Weaken as Trump Opens New Fronts in Global Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat