Gordon Haskett downgraded Redfin from Hold to Underperform and set a new price target of $5.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | $6.00 → $6.50 | Neutral → Sell | Goldman |
| 9/3/2024 | $7.50 → $13.00 | Neutral → Buy | B. Riley Securities |
| 5/8/2024 | $8.00 → $9.00 | Equal-Weight → Overweight | Stephens |
| 2/29/2024 | $5.50 | Hold → Underperform | Gordon Haskett |
| 12/8/2023 | $8.00 | Neutral | B. Riley Securities |
| 9/28/2023 | $8.50 → $8.00 | Underperform → Neutral | DA Davidson |
| 9/26/2023 | $8.00 → $7.00 | Underperform → Hold | Gordon Haskett |
| 8/15/2023 | Underperform → Perform | Oppenheimer |
Redfin reports the $469,729 median asking price is 9% higher than the $431,057 median sale price—the largest gap since 2020 (NASDAQ:RDFN) — The prices home sellers are asking for and the prices homebuyers are paying haven't been this out of whack since the start of the pandemic, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The typical home for sale is listed for 9% more (or $38,672) than the typical home is selling for—the biggest gap since May 2020. Redfin's report is based on home listing and sale price data in March, when the typical newly-listed home had a price tag of $469,729—a record high. The typical home that sold last month fe
Nationwide, home prices are up 2.1% year over year, the slowest growth rate in nearly two years (NASDAQ:RDFN) — The median home-sale price declined year over year in 11 of the 50 most populous U.S. metro areas during the four weeks ending April 20, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The last time home prices dropped in that many metros was over a year and a half ago, in September 2023. Prices declined most in San Antonio (-3.7%), Oakland, CA (-3.5%), and Jacksonville, FL (-2.2%). The other places where prices fell were Phoenix, Austin, TX, Dallas, Orlando, Sacramento, CA, Fort Worth, TX, Portland, OR and Nashville, TN. Nationw
Redfin Corporation (NASDAQ:RDFN) will release first-quarter 2025 results after the stock market closes on Tuesday, May 6, 2025. Given the pending acquisition of Redfin by Rocket Companies (NYSE:RKT) that was announced on March 10, 2025, Redfin will not be holding a conference call or live webcast to discuss Redfin's quarterly financial results. The financial results press release will be accessible on Redfin's Investor Relations website at http://investors.redfin.com. Forward-Looking Information This communication contains statements herein regarding the proposed transaction between Rocket Companies, Inc. ("Rocket") and Redfin Corporation ("Redfin"); future financial and operating results
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Former Bright Horizons CEO Brings Decades of Experience in Early Education and Care Sectors HopSkipDrive, a technology company solving complex transportation challenges where there is a heightened need for safety, access, and care, today announced the appointment of Dave Lissy to its Board of Directors. Lissy has an exceptional track record in the education and care sector, having served as CEO of Bright Horizons Family Solutions (NYSE:BFAM) from 2002 to 2018. During his leadership, the company established itself as the leader in early education services and employer-sponsored childcare. He first joined Bright Horizons in 1997 as Chief Development Officer and now serves as Chairman of the
A Redfin-commissioned survey of agents across the industry reveals key insights about the challenges and opportunities facing today's real estate professionals (NASDAQ:RDFN) — Redfin, the technology-powered real estate brokerage, today released the results of its 2025 Industry Survey, offering key insights into how real estate agents view their careers, the housing market, and hot-button industry issues. The report highlights the opportunities and challenges agents see in this evolving market and the increasing pressures brought on by economic uncertainty and industry reforms. The report is based on a Redfin-commissioned Ipsos survey of 500 agents from various brokerages, conducted betwee
Redfin reports two upstate New York metros—Albany and Rochester—had the fastest growth in aggregate home value, while Florida metros grew more slowly (NASDAQ:RDFN) — The combined value of U.S. homes gained $2.5 trillion in 2024 to reach $49.7 trillion, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. In percentage terms, the total value of the U.S. housing market grew 5.2% year over year. That was the slowest growth in a calendar year since 2019 and the second-slowest since 2011. "There are more homes for sale right now than in recent years and that has led to buyer's markets in many areas of the country. That's good news, but it doesn't me
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Goldman downgraded Redfin from Neutral to Sell and set a new price target of $6.50 from $6.00 previously
B. Riley Securities upgraded Redfin from Neutral to Buy and set a new price target of $13.00 from $7.50 previously
Stephens upgraded Redfin from Equal-Weight to Overweight and set a new price target of $9.00 from $8.00 previously
Redfin Corporation (NASDAQ:RDFN) will release first-quarter 2025 results after the stock market closes on Tuesday, May 6, 2025. Given the pending acquisition of Redfin by Rocket Companies (NYSE:RKT) that was announced on March 10, 2025, Redfin will not be holding a conference call or live webcast to discuss Redfin's quarterly financial results. The financial results press release will be accessible on Redfin's Investor Relations website at http://investors.redfin.com. Forward-Looking Information This communication contains statements herein regarding the proposed transaction between Rocket Companies, Inc. ("Rocket") and Redfin Corporation ("Redfin"); future financial and operating results
Most-visited real estate brokerage website joins with largest mortgage lenderConnects Redfin's nearly 50 million monthly visitors to Rocket's mortgage productsRocket Companies to collapse "Up-C" structure and declares a special cash dividend of $0.80 per share of Class A common stock to be paid on April 3Rocket to host conference call and webcast today at 8:00 a.m. ETDETROIT and SEATTLE, March 10, 2025 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform consisting of mortgage, real estate and personal finance businesses, today announced it has entered into an agreement to purchase Redfin (NASDAQ:RDFN), a leading digital real estate brokerage, in an all-stock tran
Redfin Corporation (NASDAQ:RDFN) today announced results for its fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Fourth quarter revenue was $244.3 million, an increase of 12% compared to the fourth quarter of 2023. Gross profit was $81.9 million, an increase of 12% year-over-year. Real estate services gross profit was $32.7 million, an increase of 9% year-over-year, and real estate services gross margin was 21.9%, compared to 22.5% in the fourth quarter of 2023. Net loss was $36.4 million, compared to a net loss of $22.9 million in the fourth quarter of 2023. Net loss attributable to common stock was $36.7 million. Net loss per share attributable to common st