About Redfin (NASDAQ:RDFN)
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
Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:RDFN
CUSIPN/A
Phone206-576-8243
Debt
Debt-to-Equity RatioN/A
Current Ratio6.70%
Quick Ratio6.70%
Price-To-Earnings
Trailing P/E Ratio-108.55
Forward P/E Ratio-108.65
P/E GrowthN/A
Sales & Book Value
Annual Sales$370.04 million
Price / Sales4.86
Cash FlowN/A
Price / CashN/A
Book Value$2.89 per share
Price / Book7.52
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees2,422
Outstanding Shares82,710,000
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 (NASDAQ:RDFN) posted its quarterly earnings data on Thursday, February, 22nd. The company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. The business earned $95.80 million during the quarter, compared to analyst estimates of $91.59 million. Redfin's quarterly revenue was up 43.4% compared to the same quarter last year. View Redfin's Earnings History.
When is Redfin's next earnings date?
What price target have analysts set for RDFN?
12 analysts have issued 12-month price targets for Redfin's shares. Their forecasts range from $17.00 to $31.00. On average, they expect Redfin's share price to reach $26.0909 in the next year. View Analyst Ratings for Redfin.
Are investors shorting Redfin?
Redfin saw a increase in short interest during the month of March. As of March 29th, there was short interest totalling 9,872,161 shares, an increase of 32.3% from the March 15th total of 7,462,937 shares. Based on an average trading volume of 1,750,468 shares, the short-interest ratio is presently 5.6 days. Approximately 20.1% of the shares of the company are short sold.
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)
- Ms. Bridget Frey, Chief Technology Officer (Age 40)
- Mr. Scott Nagel Esq., Pres of Real Estate Operations (Age 53)
- Mr. Chris Nielsen, CFO & Principal Accounting Officer (Age 51)
- Elena Perron, Head of Investor Relations
When did Redfin IPO?
(RDFN) raised $120 million in an 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.
Has Redfin been receiving favorable news coverage?
Headlines about RDFN stock have been trending somewhat negative on Thursday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Redfin earned a daily sentiment score of -0.10 on Accern's scale. They also gave news stories about the company an impact score of 47.60 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
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 $21.73.
How big of a company is Redfin?
Redfin has a market capitalization of $1.84 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.
How can I contact Redfin?
Redfin's mailing address is 1099 STEWART STREET STE 600, SEATTLE WA, 98101. The company can be reached via phone at 206-576-8243 or via email at [email protected]
MarketBeat Community Rating for Redfin (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.
Redfin (NASDAQ:RDFN) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
12 Wall Street analysts have issued ratings and price targets for Redfin in the last 12 months. Their average twelve-month price target is $26.0909, suggesting that the stock has a possible upside of 20.07%. The high price target for RDFN is $31.00 and the low price target for RDFN is $17.00. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Hold | Hold | Hold |
| Consensus Rating Score: | 2.50 | 2.45 | 2.30 | 2.38 |
| Ratings Breakdown: | 1 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
4 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
5 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $26.0909 | $25.90 | $25.3333 | $26.8571 |
| Price Target Upside: | 20.07% upside | 17.57% upside | 2.19% downside | 2.98% upside |
Redfin (NASDAQ:RDFN) Consensus Price Target History
Redfin (NASDAQ:RDFN) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Redfin (NASDAQ:RDFN) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Redfin (NASDAQ RDFN) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 52.43%
Redfin (NASDAQ RDFN) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/24/2018 | Adam Wiener | Insider | Sell | 10,000 | $22.21 | $222,100.00 | 269,649 |  |
| 3/28/2018 | Adam Wiener | Insider | Sell | 10,000 | $22.27 | $222,700.00 | 279,649 | |
| 3/26/2018 | Bridget Frey | CTO | Sell | 5,000 | $22.32 | $111,600.00 | 42,083 | |
| 3/6/2018 | Adam Wiener | Insider | Sell | 10,000 | $23.00 | $230,000.00 | 289,649 | |
| 2/27/2018 | Adam Wiener | Insider | Sell | 10,000 | $20.82 | $208,200.00 | 299,649 | |
| 2/26/2018 | Bridget Frey | CTO | Sell | 5,000 | $20.66 | $103,300.00 | 42,083 | |
| 2/26/2018 | Christopher John Nielsen | CFO | Sell | 25,000 | $20.51 | $512,750.00 | 25,000 | |
| 7/28/2017 | Tiger Global Management Llc | Major Shareholder | Buy | 260,000 | $15.00 | $3,900,000.00 | | |
(Data available from 1/1/2013 forward)
Redfin (NASDAQ RDFN) News Headlines
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Redfin (NASDAQ:RDFN) SEC Filings
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Redfin (NASDAQ:RDFN) Income Statement, Balance Sheet and Cash Flow Statement
Redfin (NASDAQ RDFN) Stock Chart for Thursday, April, 26, 2018
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