Piper Sandler Maintains Underweight on Redfin, Lowers Price Target to $10
Piper Sandler analyst Thomas Champion maintains Redfin (NASDAQ:RDFN) with a Underweight and lowers the price target from $11 to $10.
Redfin Q1 EPS $(0.86) Beats $(1.09) Estimate, Sales $597.30M Beat $550.92M Estimate
Redfin (NASDAQ:RDFN) reported quarterly losses of $(0.86) per share which beat the analyst consensus estimate of $(1.09) by 21.1 percent. This is a 132.43 percent decrease over losses of $(0.37) per share from the same
Earnings Scheduled For May 5, 2022
Companies Reporting Before The Bell
• Mirum Pharmaceuticals (NASDAQ:MIRM) is expected to report quarterly loss at $1.34 per share on revenue of $8.46 million.
Piper Sandler Downgrades Redfin to Underweight, Lowers Price Target to $11
Piper Sandler downgrades Redfin (NASDAQ:RDFN) from Overweight to Underweight and lowers the price target from $40 to $11.
Where Redfin Stands With Analysts
Analysts have provided the following ratings for Redfin (NASDAQ:RDFN) within the last quarter:
Goldman Sachs Maintains Neutral on Redfin, Lowers Price Target to $17.5
Goldman Sachs maintains Redfin (NASDAQ:RDFN) with a Neutral and lowers the price target from $20 to $17.5.
Housing Beat: Mortgage Rates Hit 5% Level While Property Taxes Inch Higher
The week in housing was one of great challenges, with mortgage rates cracking the 5% level while homeowners faced an uptick in property taxes and state attorneys general demanded that mortgage servicers drop their convenience fees charged to borrowers.
Stocks That Hit 52-Week Lows On Friday
During Friday's morning session, 234 stocks hit new 52-week lows.
Housing Beat: Mortgage Rates Keep Climbing; Disney’s Affordable Housing Project
Mortgage rates are continuing their upward motion while potential homebuyers and sellers face a shifting housing market and the affordable housing sector welcomes a well-known new participant.