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

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$20.08 +0.53 (+2.71 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$19.55
Today's Range$19.79 - $20.51
52-Week Range$13.50 - $26.01
Volume1.14 million shs
Average Volume1.09 million shs
Market Capitalization$1.82 billion
P/E Ratio-40.98
Dividend YieldN/A
Beta0.92
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.

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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$486.92 million
Book Value$4.15 per share

Profitability

Net Income$-41,970,000.00

Miscellaneous

Employees2,993
Market Cap$1.82 billion
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 data on Thursday, February, 14th. The company reported ($0.14) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.04. The company had revenue of $124.10 million for the quarter, compared to analyst estimates of $117.15 million. Redfin had a negative return on equity of 14.24% and a negative net margin of 8.62%. The business's revenue was up 29.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. View Redfin's Earnings History.

When is Redfin's next earnings date?

Redfin is scheduled to release their next quarterly earnings announcement on Thursday, May 9th 2019. View Earnings Estimates for Redfin.

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 earnings per share 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 12 month target prices for Redfin's stock. Their predictions range from $15.00 to $26.00. On average, they expect Redfin's stock price to reach $19.9167 in the next twelve months. This suggests that the stock has a possible downside of 0.8%. 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?

News headlines about RDFN stock have been trending somewhat negative on Tuesday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Redfin earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely 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 the month of March. As of March 15th, there was short interest totalling 18,332,236 shares, a decrease of 6.5% from the February 28th total of 19,608,970 shares. Based on an average trading volume of 1,360,862 shares, the days-to-cover ratio is presently 13.5 days. Approximately 26.3% of the shares of the company 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Redfin investors own include NVIDIA (NVDA), Netflix (NFLX), Tesla (TSLA), Advanced Micro Devices (AMD), Twilio (TWLO), Square (SQ), salesforce.com (CRM), Alibaba Group (BABA), AT&T (T) and Micron Technology (MU).

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 served 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 many different of retail and institutional investors. Top institutional shareholders 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 major 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 major 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 $20.08.

How big of a company is Redfin?

Redfin has a market capitalization of $1.82 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?

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:  2.4 out of 5 (star star)
Outperform Votes:  306 (Vote Outperform)
Underperform Votes:  343 (Vote Underperform)
Total Votes:  649
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 3/26/2019 by MarketBeat.com Staff

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