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, including assisting individuals in 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.
Industry, Sector and Symbol
Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
Phone206-576-8333
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$486.92 million
Profitability
Miscellaneous
Employees2,993
Next Earnings Date5/9/2019 (Estimated)
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) posted its quarterly earnings results on Thursday, February, 14th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.04. The company earned $124.10 million during the quarter, compared to the consensus estimate of $117.15 million. Redfin had a negative return on equity of 14.24% and a negative net margin of 8.62%. The firm's quarterly revenue was up 29.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.02) EPS. View Redfin's Earnings History.
When is Redfin's next earnings date?
What guidance has Redfin issued on next quarter's earnings?
Redfin issued an update on its first quarter 2019 earnings guidance on Thursday, February, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $101.5-105.1 million, compared to the consensus revenue estimate of $103.43 million.
What price target have analysts set for RDFN?
13 brokerages have issued twelve-month price targets for Redfin's shares. Their forecasts range from $15.00 to $26.00. On average, they anticipate Redfin's stock price to reach $19.9167 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price. View Analyst Price Targets for Redfin.
What is the consensus analysts' recommendation for Redfin?
13 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 4 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 been trending somewhat negative recently, InfoTrie reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Redfin earned a media sentiment score of -1.9 on InfoTrie's scale. They also gave news articles about the company a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an effect on the stock's share price in the next several days.
Are investors shorting Redfin?
Redfin saw a decrease in short interest in February. As of February 28th, there was short interest totalling 19,608,970 shares, a decrease of 5.7% from the February 15th total of 20,789,365 shares. Based on an average daily volume of 1,658,287 shares, the days-to-cover ratio is presently 11.8 days. Currently, 28.2% of the company's shares are short sold. View Redfin's Current Options Chain.
Who are some of Redfin's key competitors?
What other stocks do shareholders of Redfin own?
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 (IPO) 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 BlackRock Inc. (5.82%), Baillie Gifford & Co. (5.23%), Nikko Asset Management Americas Inc. (2.45%), Macquarie Group Ltd. (1.28%), Northern Trust Corp (1.02%) and Geode Capital Management LLC (0.90%). Company insiders that own Redfin stock include Adam Wiener, Bridget Frey, Christopher John Nielsen, David H Lissy, Glenn Kelman, Julie Bornstein, Scott Nagel, Selina Tobaccowala and Tiger Global Management Llc. View Institutional Ownership Trends for Redfin.
Which institutional investors are selling Redfin stock?
RDFN stock was sold by a variety of institutional investors in the last quarter, including Nikko Asset Management Americas Inc., Cowen Prime Services LLC, Raymond James & Associates, Handelsbanken Fonder AB, MetLife Investment Advisors LLC, New York State Common Retirement Fund, Northern Trust Corp and ETRADE Capital Management LLC. Company insiders that have sold Redfin company stock in the last year include Adam Wiener, Bridget Frey, Christopher John Nielsen, Julie Bornstein, Scott Nagel and Selina Tobaccowala. View Insider Buying and Selling for Redfin.
Which institutional investors are buying Redfin stock?
RDFN stock was acquired by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Norges Bank, BlackRock Inc., Macquarie Group Ltd., California Public Employees Retirement System, Geode Capital Management LLC, Geode Capital Management LLC and Handelsinvest Investeringsforvaltning. Company insiders that have bought Redfin stock in the last two years include David H Lissy, Glenn Kelman 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 $19.05.
How big of a company is Redfin?
Redfin has a market capitalization of $1.72 billion and generates $486.92 million in revenue each year. The company earns $-41,970,000.00 in net income (profit) each year or ($0.49) on an earnings per share basis. Redfin employs 2,993 workers across the globe.
What is Redfin's official website?
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)
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.
