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Recommendations
Redfin price target raised to $48 from $30 at SunTrust » 08:46
06/25/20
06/25
08:46
06/25/20
08:46
RDFN

Redfin

$38.21 /

-1.48 (-3.73%)

SunTrust analyst Naved…

SunTrust analyst Naved Khan raised the firm's price target on Redfin to $48 from $30 and keeps a Buy rating on the shares. The company's core brokerage business is in the "early stages of realizing the benefits of scale and agent efficiency gains", the analyst tells investors in a research note, which he believes makes his bull-case scenario of increased profitability and continued share gains more likely. Khan adds that Redfin's agent yield can continue to rise amid ongoing productivity gains and higher listing commissions.

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RDFN Redfin
$38.21 /

-1.48 (-3.73%)

RDFN Redfin
$38.21 /

-1.48 (-3.73%)

06/11/20 DA Davidson
Redfin price target raised to $42 from $27 at DA Davidson
06/10/20 BTIG
Redfin initiated with a Buy at BTIG
06/04/20 SunTrust
Zillow price target raised to $68 from $55 at SunTrust
05/11/20 Susquehanna
Redfin downgraded to Neutral at Susquehanna
RDFN Redfin
$38.21 /

-1.48 (-3.73%)

RDFN Redfin
$38.21 /

-1.48 (-3.73%)

RDFN Redfin
$38.21 /

-1.48 (-3.73%)

Hot Stocks
Redfin announces launch in first market in Alaska » 13:01
06/24/20
06/24
13:01
06/24/20
13:01
RDFN

Redfin

$37.40 /

-2.29 (-5.77%)

Redfin announced it has…

Redfin announced it has launched today in Anchorage, the company's first market in Alaska. "People throughout the Southcentral Alaska region can now buy and sell homes with Redfin's full-service agents and use Redfin's industry-leading website and iOS and Android app to search for homes for sale," the company said.

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RDFN Redfin
$37.40 /

-2.29 (-5.77%)

RDFN Redfin
$37.40 /

-2.29 (-5.77%)

06/11/20 DA Davidson
Redfin price target raised to $42 from $27 at DA Davidson
06/10/20 BTIG
Redfin initiated with a Buy at BTIG
06/04/20 SunTrust
Zillow price target raised to $68 from $55 at SunTrust
05/11/20 Susquehanna
Redfin downgraded to Neutral at Susquehanna
RDFN Redfin
$37.40 /

-2.29 (-5.77%)

RDFN Redfin
$37.40 /

-2.29 (-5.77%)

RDFN Redfin
$37.40 /

-2.29 (-5.77%)

Hot Stocks
Redfin sees homebuying demand higher that pre-pandemic levels » 18:04
06/12/20
06/12
18:04
06/12/20
18:04
RDFN

Redfin

$32.75 /

+0.67 (+2.09%)

The company states:…

The company states: "Seasonally adjusted homebuying demand for the week of June 1-7 is now 25% higher than it was pre-pandemic in January and February, according to Redfin's latest weekly report. This marks the eighth straight week of rising demand. Lack of inventory continues to constrain home sales, however, sellers are beginning to come back to the market. After falling to 21% below last year's level the week of May 25-31, new listings last week continued their recovery; last week's new listings were 15% below last year's level. With demand surging and supply recovering, Redfin expects sales to strengthen; mortgage purchase applications were up 7% year-over-year in the last week of May and up even more, 13%, in the first week of June."

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RDFN Redfin
$32.75 /

+0.67 (+2.09%)

RDFN Redfin
$32.75 /

+0.67 (+2.09%)

06/11/20 DA Davidson
Redfin price target raised to $42 from $27 at DA Davidson
06/10/20 BTIG
Redfin initiated with a Buy at BTIG
06/04/20 SunTrust
Zillow price target raised to $68 from $55 at SunTrust
05/11/20 Susquehanna
Redfin downgraded to Neutral at Susquehanna
RDFN Redfin
$32.75 /

+0.67 (+2.09%)

RDFN Redfin
$32.75 /

+0.67 (+2.09%)

RDFN Redfin
$32.75 /

+0.67 (+2.09%)

Recommendations
Redfin price target raised to $42 from $27 at DA Davidson » 09:36
06/11/20
06/11
09:36
06/11/20
09:36
RDFN

Redfin

$33.98 /

+0.1 (+0.30%)

DA Davidson analyst Tom…

DA Davidson analyst Tom White raised the firm's price target on Redfin to $42 from $27 and keeps a Buy rating on the shares. The analyst notes that his proprietary analysis of for-sale home listings and recent industry data point to an "impressive recovery in home buyer demand", adding that Redfin's market share of for-sale home listings has also increased sequentially and on an annualized basis in recent weeks.

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RDFN Redfin
$33.98 /

+0.1 (+0.30%)

RDFN Redfin
$33.98 /

+0.1 (+0.30%)

06/10/20 BTIG
Redfin initiated with a Buy at BTIG
06/04/20 SunTrust
Zillow price target raised to $68 from $55 at SunTrust
05/11/20 Susquehanna
Redfin downgraded to Neutral at Susquehanna
05/11/20 Stephens
Redfin price target raised to $26 from $19 at Stephens
RDFN Redfin
$33.98 /

+0.1 (+0.30%)

RDFN Redfin
$33.98 /

+0.1 (+0.30%)

RDFN Redfin
$33.98 /

+0.1 (+0.30%)

Initiation
Redfin initiated with a Buy at BTIG » 16:53
06/10/20
06/10
16:53
06/10/20
16:53
RDFN

Redfin

$33.98 /

+0.1 (+0.30%)

BTIG analyst Jake Fuller…

BTIG analyst Jake Fuller initiated coverage of Redfin with a Buy rating and $44 price target. The analyst notes that the real estate sector has recovered "quickly" with demand about 20% above the pre-pandemic levels. Fuller adds that Redfin's new product offerings should augment the brokerage segment's growth, while the company's "more conservative" Properties bidding structure suggests reduced buying ambitions - a potential positive given the uncertainty around its unit economics.

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RDFN Redfin
$33.98 /

+0.1 (+0.30%)

RDFN Redfin
$33.98 /

+0.1 (+0.30%)

06/04/20 SunTrust
Zillow price target raised to $68 from $55 at SunTrust
05/11/20 Susquehanna
Redfin downgraded to Neutral at Susquehanna
05/11/20 Stephens
Redfin price target raised to $26 from $19 at Stephens
05/11/20 Susquehanna
Redfin downgraded to Neutral from Positive at Susquehanna
RDFN Redfin
$33.98 /

+0.1 (+0.30%)

RDFN Redfin
$33.98 /

+0.1 (+0.30%)

RDFN Redfin
$33.98 /

+0.1 (+0.30%)

Over a month ago
Recommendations
Zillow price target raised to $68 from $55 at SunTrust » 09:16
06/04/20
06/04
09:16
06/04/20
09:16
ZG

Zillow

$62.14 /

+2.83 (+4.77%)

, RDFN

Redfin

$32.56 /

+1.42 (+4.56%)

SunTrust analyst Naved…

SunTrust analyst Naved Khan raised the firm's price target on Zillow (ZG) to $68 from $55 and keeps a Buy rating on the shares. The analyst cites the company's latest update suggesting a stronger than anticipated rebound in May activity from April levels, with improving days-on-market and strength in traffic to for-sale listing metrics. Khan adds that better trends are also supported by the recent data from Redfin (RDFN) and commentary from "select brokerages".

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ZG Zillow
$62.14 /

+2.83 (+4.77%)

RDFN Redfin
$32.56 /

+1.42 (+4.56%)

ZG Zillow
$62.14 /

+2.83 (+4.77%)

05/26/20 DA Davidson
Zillow price target raised to $66 from $39 at DA Davidson
05/12/20 Wedbush
Zillow price target raised to $50 from $30 at Wedbush
05/08/20 Craig-Hallum
Zillow price target lowered to $45 from $60 at Craig-Hallum
05/06/20 Needham
Needham says checks indicate Zillow discounted May Premier Agent by 20%-50%
RDFN Redfin
$32.56 /

+1.42 (+4.56%)

05/11/20 Susquehanna
Redfin downgraded to Neutral at Susquehanna
05/11/20 Stephens
Redfin price target raised to $26 from $19 at Stephens
05/11/20 Susquehanna
Redfin downgraded to Neutral from Positive at Susquehanna
04/24/20 DA Davidson
Redfin price target lowered to $26 from $32 at DA Davidson
ZG Zillow
$62.14 /

+2.83 (+4.77%)

RDFN Redfin
$32.56 /

+1.42 (+4.56%)

RDFN Redfin
$32.56 /

+1.42 (+4.56%)

RDFN Redfin
$32.56 /

+1.42 (+4.56%)

Options
Redfin call volume above normal and directionally bullish » 15:45
06/02/20
06/02
15:45
06/02/20
15:45
RDFN

Redfin

$31.03 /

+1.44 (+4.87%)

Bullish option flow…

Bullish option flow detected in Redfin with 2,456 calls trading, 1.8x expected, and implied vol increasing almost 3 points to 70.96%. Jun-20 30 calls and Jul-20 30 puts are the most active options, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 0.49. Earnings are expected on July 30th.

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RDFN Redfin
$31.03 /

+1.44 (+4.87%)

RDFN Redfin
$31.03 /

+1.44 (+4.87%)

05/11/20 Susquehanna
Redfin downgraded to Neutral at Susquehanna
05/11/20 Stephens
Redfin price target raised to $26 from $19 at Stephens
05/11/20 Susquehanna
Redfin downgraded to Neutral from Positive at Susquehanna
04/24/20 DA Davidson
Redfin price target lowered to $26 from $32 at DA Davidson
RDFN Redfin
$31.03 /

+1.44 (+4.87%)

RDFN Redfin
$31.03 /

+1.44 (+4.87%)

RDFN Redfin
$31.03 /

+1.44 (+4.87%)

Options
Redfin call volume above normal and directionally bullish » 12:25
05/22/20
05/22
12:25
05/22/20
12:25
RDFN

Redfin

$28.91 /

+1.36 (+4.94%)

Bullish option flow…

Bullish option flow detected in Redfin with 1,508 calls trading, 2.0x expected, and implied vol increasing over 1 point to 68.29%. Jun-20 35 calls and Jan-21 20 calls are the most active options, with total volume in those strikes near 570 contracts. The Put/Call Ratio is 0.14. Earnings are expected on July 30th.

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RDFN Redfin
$28.91 /

+1.36 (+4.94%)

RDFN Redfin
$28.91 /

+1.36 (+4.94%)

05/11/20 Susquehanna
Redfin downgraded to Neutral at Susquehanna
05/11/20 Stephens
Redfin price target raised to $26 from $19 at Stephens
05/11/20 Susquehanna
Redfin downgraded to Neutral from Positive at Susquehanna
04/24/20 DA Davidson
Redfin price target lowered to $26 from $32 at DA Davidson
RDFN Redfin
$28.91 /

+1.36 (+4.94%)

RDFN Redfin
$28.91 /

+1.36 (+4.94%)

RDFN Redfin
$28.91 /

+1.36 (+4.94%)

Hot Stocks
Redfin homebuying demand moves from recovery to growth mode » 18:05
05/21/20
05/21
18:05
05/21/20
18:05
RDFN

Redfin

$27.55 /

+0.05 (+0.18%)

The company states:…

The company states: "This past week, Redfin's homebuying demand moved out of recovery mode and into growth mode, reaching a new peak. For the seven days ended May 17, demand was 16.5% higher than it was before the pandemic, on a seasonally-adjusted basis, according to Redfin's latest weekly report. To handle the rapid rise in home-buying demand, Redfin has been bringing staff back from the furlough that was initiated in early April. Of the roughly 1,000 people who went on furlough, Redfin has already welcomed approximately 350 employees back to work. New cases of coronavirus have certainly tapered from their peaks back in April, but over 20,000 new cases are still being reported daily in the U.S. and last week another 2.4 million workers filed for unemployment benefits. Homebuying demand seems to have been largely unaffected in the face of those headwinds."

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RDFN Redfin
$27.55 /

+0.05 (+0.18%)

RDFN Redfin
$27.55 /

+0.05 (+0.18%)

05/11/20 Susquehanna
Redfin downgraded to Neutral at Susquehanna
05/11/20 Stephens
Redfin price target raised to $26 from $19 at Stephens
05/11/20 Susquehanna
Redfin downgraded to Neutral from Positive at Susquehanna
04/24/20 DA Davidson
Redfin price target lowered to $26 from $32 at DA Davidson
RDFN Redfin
$27.55 /

+0.05 (+0.18%)

RDFN Redfin
$27.55 /

+0.05 (+0.18%)

RDFN Redfin
$27.55 /

+0.05 (+0.18%)

Downgrade
Redfin downgraded to Neutral at Susquehanna » 08:00
05/11/20
05/11
08:00
05/11/20
08:00
RDFN

Redfin

$24.49 /

+1.91 (+8.46%)

As reported previously,…

As reported previously, Susquehanna analyst Jack Micenko downgraded Redfin to Neutral from Positive with a price target of $18, down from $24. The analyst noted the shares more than doubled sine mid-March and although he likes everything the company is doing and he believes they are best positioned for the accelerated virtualization of real estate brokerage, its current value levels reflect it.

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RDFN Redfin
$24.49 /

+1.91 (+8.46%)

05/11/20 Stephens
Redfin price target raised to $26 from $19 at Stephens
05/11/20 Susquehanna
Redfin downgraded to Neutral from Positive at Susquehanna
04/24/20 DA Davidson
Redfin price target lowered to $26 from $32 at DA Davidson
04/20/20 Stephens
Stephens ups CoreLogic, downgrades two others in real estate services shake-up

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