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.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:RDFN
Previous Symbol
CUSIPN/A
Phone206-576-8333
Debt
Debt-to-Equity Ratio0.30
Current Ratio8.57
Quick Ratio8.15
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$370.04 million
Price / Sales3.85
Cash FlowN/A
Price / Cash FlowN/A
Book Value$2.89 per share
Price / Book5.51
Profitability
EPS (Most Recent Fiscal Year)($0.20)
Net Income$-15,000,000.00
Net Margins-6.88%
Return on Equity-12.10%
Return on Assets-8.99%
Miscellaneous
Employees2,422
Outstanding Shares89,530,000
Market Cap$1.50 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) posted its quarterly earnings results on Thursday, November, 8th. The company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.02. The firm had revenue of $140.30 million for the quarter, compared to the consensus estimate of $139.45 million. Redfin had a negative net margin of 6.88% and a negative return on equity of 12.10%. The company's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. 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 fourth quarter 2018 earnings guidance on Thursday, November, 8th. The company provided 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?
11 equities research analysts have issued 12-month price targets for Redfin's stock. 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 41.4% from the stock's current price. View Analyst Price Targets for Redfin.
What is the consensus analysts' recommendation for Redfin?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 1 sell rating, 6 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?
Headlines about RDFN stock have trended somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Redfin earned a media sentiment score of 1.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the next few days.
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 46)
- Mr. Chris Nielsen, Chief Financial Officer (Age 51)
- Mr. Scott Nagel, Pres of Real Estate Operations (Age 53)
- Ms. Bridget Frey, Chief Technology Officer (Age 40)
- 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 $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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.00%), Vanguard Group Inc (9.00%), Capital International Investors (6.50%), BlackRock Inc. (5.58%), Jackson Square Partners LLC (5.36%) and Baillie Gifford & Co. (4.24%). 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 major investors are selling Redfin stock?
RDFN stock was sold by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Jackson Square Partners LLC, Brown Advisory Inc., Macquarie Group Ltd., Clarius Group LLC, Sumitomo Mitsui Asset Management Company LTD, Mitsubishi UFJ Trust & Banking Corp and TIAA CREF Investment 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 major investors are buying Redfin stock?
RDFN stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, Vanguard Group Inc, Vanguard Group Inc., BlackRock Inc., Nikko Asset Management Americas Inc., Janus Henderson Group PLC, Sumitomo Mitsui Trust Holdings Inc. and Handelsbanken Fonder AB. 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 $15.91.
How big of a company is Redfin?
Redfin has a market capitalization of $1.50 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?
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.
