Streetbeat News

RDFN

Redfin Corporation

https://www.redfin.com

Industry

Real Estate - Services

Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells homes. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.

Open

11.28

Mkt cap

1.4B

Volume

5.8M

High

11.26

P/E Ratio

-8.24

52-wk high

15.29

Low

10.94

Div yield

N/A

52-wk low

5.10

Jefferies analyst John Colantuoni maintains a Hold rating on Redfin (NASDAQ:RDFN) and raises the price target from $7.5 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 1:48 pm

Redfin's short interest has decreased by 10.67%, with 20.08 million shares sold short, representing 19.84% of its float. This is higher than its peers' average short interest of 5.45%. The decrease in short interest may indicate a shift towards a more bullish sentiment.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 5:30 pm

Redfin CEO Glenn Kelman discussed the real estate industry and housing demand on CNBC. The Real Estate Select Sector SPDR Fund ETF was also mentioned.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 3:42 pm

B. Riley Securities has maintained a Buy rating on Redfin and increased the price target from $13 to $15, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:01 pm

Housing-related stocks are seeing a rise in share prices following a 50 basis point rate cut by the Federal Reserve, which is expected to boost housing demand.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:12 pm

Redfin's short interest has decreased by 6.11%, with 19.61 million shares sold short, representing 19.37% of its float. This is higher than its peers' average of 4.86%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

September 04, 2024 | 3:00 pm

Redfin shares rose following an upgrade by B. Riley Securities from Neutral to Buy, with a price target increase from $7.5 to $13.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:30 pm

B. Riley Securities has upgraded Redfin (NASDAQ:RDFN) from Neutral to Buy, raising the price target from $7.5 to $13.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 12:04 pm

Zoom Video Communications, Inc. (ZM) reported strong Q2 results, with earnings and revenue surpassing expectations, leading to a 12.2% stock price increase. Peloton Interactive, Inc. (PTON) also saw a significant rise of 27% after better-than-expected results. Other companies like Opera Limited (OPRA) and EHang Holdings Limited (EH) reported positive financial outcomes, contributing to their stock price gains.

Portfolio Pulse from Avi Kapoor

August 22, 2024 | 3:17 pm

Mortgage rates have hit a 15-month low, but mortgage applications have decreased. The real estate sector, tracked by the XLRE ETF, saw gains, with CBRE and Crown Castle among top performers. Mortgage-sensitive stocks like Redfin and Zillow also saw slight increases.

Portfolio Pulse from Piero Cingari

August 21, 2024 | 1:28 pm

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