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Fly News Breaks for February 15, 2019
RDFN
Feb 15, 2019 | 09:19 EDT
RBC Capital analyst Mark Mahaney raised his price target on Redfin to $26 and kept his Outperform rating after its Q4 earnings beat and Q1 guidance bracketing consensus. The analyst cites the management's confidence in the company's "mass marketing initiative" and "cautious" optimism for the housing market, which he expects to sustain FY19 revenue growth rate consistent with levels seen in FY18.
News For RDFN From the Last 2 Days
RDFN
Apr 17, 2024 | 15:36 EDT
Bearish flow noted in Redfin with 5,561 puts trading, or 1.8x expected. Most active are Jan-26 5 puts and Jan-26 5 calls, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 1.82, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
