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

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$17.26 +0.32 (+1.89 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$16.94
Today's Range$17.08 - $17.39
52-Week Range$13.50 - $26.01
Volume766,398 shs
Average Volume1.09 million shs
Market Capitalization$1.57 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.91
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$3.45 per share

Profitability

Net Income$-41,970,000.00

Miscellaneous

Employees2,993
Market Cap$1.57 billion
Next Earnings Date8/8/2019 (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) issued its quarterly earnings data on Wednesday, May, 8th. The company reported ($0.74) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.75) by $0.01. The firm earned $110.10 million during the quarter, compared to analysts' expectations of $103.97 million. Redfin had a negative net margin of 14.06% and a negative return on equity of 22.64%. Redfin's revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.44) 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, August 8th 2019. View Earnings Estimates for Redfin.

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

Redfin updated its second quarter 2019 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $183.7-193.1 million, compared to the consensus revenue estimate of $177.29 million.

What price target have analysts set for RDFN?

15 analysts have issued 1 year price objectives for Redfin's shares. Their predictions range from $15.00 to $30.00. On average, they expect Redfin's share price to reach $21.3636 in the next year. This suggests a possible upside of 23.8% from the stock's current price. View Analyst Price Targets for Redfin.

What is the consensus analysts' recommendation for Redfin?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 1 sell rating, 10 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 articles about RDFN stock have been trending positive recently, according to InfoTrie Sentiment Analysis. InfoTrie 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 nearest to five being the most favorable. Redfin earned a coverage optimism score of 2.3 on InfoTrie's scale. They also assigned media coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Are investors shorting Redfin?

Redfin saw a drop in short interest in April. As of April 15th, there was short interest totalling 15,057,241 shares, a drop of 12.1% from the March 29th total of 17,125,340 shares. Based on an average daily trading volume, of 1,014,899 shares, the days-to-cover ratio is presently 14.8 days. Currently, 21.6% of the company's shares are sold short. 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), Twilio (TWLO), JD.Com (JD), Trade Desk (TTD), Advanced Micro Devices (AMD), Tesla (TSLA), Arista Networks (ANET), Activision Blizzard (ATVI) and Paypal (PYPL).

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)
  • Ms. Bridget Frey, Chief Technology Officer (Age 41)
  • Mr. Scott Nagel, Pres of Real Estate Operations (Age 54)
  • Mr. Adam Wiener, Chief Growth Officer (Age 40)

When did Redfin IPO?

(RDFN) raised $120 million in an IPO 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 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 a number of of retail and institutional investors. Top institutional shareholders include Jackson Square Partners LLC (7.14%), BlackRock Inc. (5.62%), Baillie Gifford & Co. (5.25%), Greylock Xii GP LLC (2.29%), Ancient Art L.P. (1.92%) and Janus Henderson Group PLC (1.81%). 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 Greylock Xii GP LLC, Sumitomo Mitsui Asset Management Company LTD, Handelsbanken Fonder AB, BlackRock Inc., Great Lakes Advisors LLC, Janus Henderson Group PLC, Cowen Prime Services LLC and First Republic Investment Management Inc.. 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 bought by a variety of institutional investors in the last quarter, including SEI Investments Co, Jackson Square Partners LLC, Pier Capital LLC, Peregrine Asset Advisers Inc., Blair William & Co. IL, Hamilton Lane Advisors LLC, Man Group plc and Geode Capital Management LLC. 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 $17.26.

How big of a company is Redfin?

Redfin has a market capitalization of $1.57 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:  320 (Vote Outperform)
Underperform Votes:  360 (Vote Underperform)
Total Votes:  680
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 5/25/2019 by MarketBeat.com Staff

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