Date | Price Target | Rating | Analyst |
---|---|---|---|
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 | |
7/19/2023 | $10.50 | Hold → Underperform | Gordon Haskett |
4 - Redfin Corp (0001382821) (Issuer)
4 - Redfin Corp (0001382821) (Issuer)
4 - Redfin Corp (0001382821) (Issuer)
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
Gordon Haskett downgraded Redfin from Hold to Underperform and set a new price target of $5.50
10-Q - Redfin Corp (0001382821) (Filer)
8-K - Redfin Corp (0001382821) (Filer)
8-K - Redfin Corp (0001382821) (Filer)
SC 13G - Redfin Corp (0001382821) (Subject)
SC 13G/A - Redfin Corp (0001382821) (Subject)
SC 13G/A - Redfin Corp (0001382821) (Subject)
Mortgage-rate locks for second homes have dropped 13% since last summer—more than twice as much as rate locks for primary homes (NASDAQ:RDFN) — Mortgage-rate locks for second homes fell 13.1% year over year in August to the lowest level since March 2016 on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. By comparison, mortgage-rate locks for primary homes declined 5.2%. Rate locks for second homes were down 59.2% from pre-pandemic levels, compared with a 31.9% drop in rate locks for primary homes. This is according to a Redfin analysis of Optimal Blue data. A mortgage-rate lock is an agreement between a homebuy
Falling mortgage rates have pushed the median U.S. housing payment down near its lowest level since January, but pending home sales have yet to improve. Many would-be buyers are hoping rates fall further, and others are waiting for clarity around the new NAR rules (NASDAQ:RDFN) — The median U.S. monthly housing payment was $2,558 during the four weeks ending September 8, nearly down to where it was at the start of the year and down 1.3% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's a small drop, but it's the second-biggest decline since May 2020, when the housing market was stumbling before the pandemic-driven
The median asking rent climbed for the fifth consecutive month, up 0.9% year over year to $1,645 The median U.S. asking rent rose 0.9% year over year in August to $1,645—the biggest annual increase since April 2023. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were up 0.1% on a month-over-month basis. Rents for 0-1 bedroom apartments ticked up 0.1% year over year to $1,495, while 2 bedroom apartments remained unchanged at $1,725. Rents for 3+ bedroom apartments fell 1.7% to $2,008. The discrepancy between the overall result (showing a 0.9% gain) and the three different bedroom counts (which either fell, remained the same, o
4 - Redfin Corp (0001382821) (Issuer)
Redfin Next offers agents the best of both worlds: big commission splits with zero expenses and free Redfin.com customer introductions, benefits and support (NASDAQ:RDFN) — Redfin announced today it is expanding the Redfin Next agent compensation plan to 25 additional markets. Under Redfin Next, agents in these markets earn competitive splits as high as 70%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States. "Redfin Next has proven to be even better than we imagined at igniting our salesforce, helping us recruit new talent," said Jason Aleem, Redfin's chief of real es
Redfin is expanding its ground-breaking pay plan to agents in Chicago, Connecticut, Dallas, Miami, New York, Palm Beach and Washington, D.C. (NASDAQ:RDFN) — Redfin announced today it is expanding the Redfin Next agent compensation plan to seven additional markets: Chicago, Connecticut, Dallas, Miami, New York, Palm Beach, and Washington, D.C. Under the Redfin Next plan, agents in these markets earn competitive splits as high as 70%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States. Redfin initially announced the plan in San Francisco and Los Angeles in late October 2
Redfin is expanding its ground-breaking pay plan to agents in San Diego and Orange County based on positive response to the launch in San Francisco and Los Angeles (NASDAQ:RDFN) — Redfin (www.redfin.com) today announced it is expanding its new agent compensation plan to San Diego and Orange County, California. Under the new plan, rebranded to Redfin Next, agents earn competitive splits as high as 75%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States. Redfin initially announced the plan in San Francisco and Los Angeles in late October. Since then, it has signed nearly
U.S. housing prices just hit a new record high, with a median price of nearly $400,000, but price growth may stall out according to real estate company Redfin Corp (NASDAQ:RDFN). In a recent note, Redfin highlighted a 4.7% year-over-year growth in the median home price, the largest increase in more than 4 months.The price growth of homes comes as mortgage rates have retreated from their highs in October 2023. With mortgage rates lowering, in addition to a market with historically low inventory, strong demand has pushed the average home price higher.Despite mortgage rates coming down, mortgage-purchase applications are down 13% year-over-year, in a sign that high prices may be deterring w
Cape Coral, FL—at risk from natural disasters—is permitting more multifamily housing than anywhere else in the U.S. Austin ranks second, but has seen a significant slowdown in permits(NASDAQ:RDFN) —Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. so far this year, down nearly 30% from an average of 18 during the same periods in 2021-2023.That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.The report is based on a Redfin analysis of U.S. Census Bureau data covering building permits for multifamily units in buildings with five or more units during the first five months of 2024, and the sa
Redfin Corporation (NASDAQ:RDFN) today announced results for its second quarter ended June 30, 2024. Second Quarter 2024 Second quarter revenue was $295.2 million, an increase of 7% compared to the second quarter of 2023. Gross profit was $109.6 million, an increase of 9% year-over-year. Real estate services gross profit was $53.7 million, a decrease of 4% year-over-year, and real estate services gross margin was 29%, compared to 31% in the second quarter of 2023. Net loss was $27.9 million, compared to a net loss of $27.4 million in the second quarter of 2023. Net loss attributable to common stock was $28.1 million. Net loss per share attributable to common stock, diluted, was $0.23,
Redfin Corporation (NASDAQ:RDFN) will release second-quarter 2024 results after the stock market closes on Tuesday, August 6, 2024. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top age
Redfin Corporation (NASDAQ:RDFN) today announced results for its first quarter ended March 31, 2024. First Quarter 2024 First quarter revenue was $225.5 million, an increase of 5% compared to the first quarter of 2023. Gross profit was $70.8 million, an increase of 22% year-over-year. Real estate services gross profit was $20.3 million, an increase of 28% year-over-year, and real estate services gross margin was 15%, compared to 12% in the first quarter of 2023. Net loss was $66.8 million, compared to a net loss of $60.8 million in the first quarter of 2023. Net loss attributable to common stock was $67.0 million. Net loss per share attributable to common stock, diluted, was $0.57, co