NASDAQ:RDFN - Redfin Stock Price, News, & Analysis

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$16.66 -1.82 (-9.85 %)
(As of 01/22/2019 02:06 PM ET)
Previous Close$18.48
Today's Range$16.56 - $17.67
52-Week Range$13.50 - $27.17
Volume41,462 shs
Average Volume628,519 shs
Market Capitalization$1.65 billion
P/E Ratio-83.45
Dividend YieldN/A
Beta0.24
Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties. 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.

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Industry, Sector and Symbol

Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:RDFN
CUSIPN/A
Phone206-576-8333

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$370.04 million
Book Value$2.89 per share

Profitability

Net Income$-15,000,000.00

Miscellaneous

Employees2,422
Market Cap$1.65 billion
OptionableOptionable

Redfin (NASDAQ:RDFN) Frequently Asked Questions

What is Redfin's stock symbol?

Redfin trades on the NASDAQ under the ticker symbol "RDFN."

How were Redfin's earnings last quarter?

Redfin Corp (NASDAQ:RDFN) announced its quarterly earnings data on Thursday, November, 8th. The company reported $0.04 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.02 by $0.02. The company had revenue of $140.30 million for the quarter, compared to analyst estimates of $139.45 million. Redfin had a negative return on equity of 12.10% and a negative net margin of 6.88%. The firm's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. View Redfin's Earnings History.

When is Redfin's next earnings date?

Redfin is scheduled to release their next quarterly earnings announcement on Thursday, February 28th 2019. View Earnings Estimates for Redfin.

What guidance has Redfin issued on next quarter's earnings?

Redfin issued an update on its fourth quarter 2018 earnings guidance on Thursday, November, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $115.1-118.3 million, compared to the consensus revenue estimate of $121.34 million.

What price target have analysts set for RDFN?

12 brokerages have issued 1-year price targets for Redfin's shares. Their predictions range from $17.50 to $29.00. On average, they expect Redfin's stock price to reach $22.50 in the next twelve months. This suggests a possible upside of 35.5% from the stock's current price. View Analyst Price Targets for Redfin.

What is the consensus analysts' recommendation for Redfin?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 2 sell ratings, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Redfin.

Has Redfin been receiving favorable news coverage?

Media headlines about RDFN stock have trended very positive on Tuesday, according to InfoTrie. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Redfin earned a daily sentiment score of 3.2 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Are investors shorting Redfin?

Redfin saw a increase in short interest in December. As of December 31st, there was short interest totalling 24,733,730 shares, an increase of 22.1% from the December 14th total of 20,257,029 shares. Based on an average trading volume of 800,570 shares, the days-to-cover ratio is currently 30.9 days. Approximately 42.7% of the company's stock are sold short. View Redfin's Current Options Chain.

Who are some of Redfin's key competitors?

Who are Redfin's key executives?

Redfin's management team includes the folowing people:
  • Mr. Glenn Kelman, Pres, CEO & Director (Age 47)
  • Mr. Chris Nielsen, Chief Financial Officer (Age 52)
  • Mr. Scott Nagel, Pres of Real Estate Operations (Age 54)
  • Ms. Bridget Frey, Chief Technology Officer (Age 41)
  • Elena Perron, Head of Investor Relations

When did Redfin IPO?

(RDFN) raised $120 million in an initial public offering on Friday, July 28th 2017. The company issued 9,200,000 shares at a price of $12.00-$14.00 per share. Goldman Sachs, Allen & Company, BofA Merrill Lynch and RBC Capital Markets acted as the underwriters for the IPO and Oppenheimer and Stifel were co-managers.

Who are Redfin's major shareholders?

Redfin's stock is owned by a number of of retail and institutional investors. Top institutional investors include Handelsinvest Investeringsforvaltning (0.15%). Company insiders that own Redfin stock include Adam Wiener, Bridget Frey, Christopher John Nielsen, David H Lissy, Julie Bornstein, Scott Nagel, Selina Tobaccowala and Tiger Global Management Llc. View Institutional Ownership Trends for Redfin.

Which institutional investors are buying Redfin stock?

RDFN stock was bought by a variety of institutional investors in the last quarter, including Handelsinvest Investeringsforvaltning. Company insiders that have bought Redfin stock in the last two years include David H Lissy and Tiger Global Management Llc. View Insider Buying and Selling for Redfin.

How do I buy shares of Redfin?

Shares of RDFN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Redfin's stock price today?

One share of RDFN stock can currently be purchased for approximately $16.61.

How big of a company is Redfin?

Redfin has a market capitalization of $1.65 billion and generates $370.04 million in revenue each year. The company earns $-15,000,000.00 in net income (profit) each year or ($0.20) on an earnings per share basis. Redfin employs 2,422 workers across the globe.

What is Redfin's official website?

The official website for Redfin is http://www.redfin.com.

How can I contact Redfin?

Redfin's mailing address is 1099 STEWART STREET SUITE 600, SEATTLE WA, 98101. The company can be reached via phone at 206-576-8333 or via email at [email protected]


MarketBeat Community Rating for Redfin (NASDAQ RDFN)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  274 (Vote Outperform)
Underperform Votes:  318 (Vote Underperform)
Total Votes:  592
MarketBeat's community ratings are surveys of what our community members think about Redfin and other stocks. Vote "Outperform" if you believe RDFN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RDFN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/22/2019 by MarketBeat.com Staff

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