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
Phone206-576-8333
Debt
Debt-to-Equity RatioN/A
Current Ratio4.52
Quick Ratio4.52
Price-To-Earnings
Trailing P/E Ratio-106.25
Forward P/E Ratio-85.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$370.04 million
Price / Sales4.76
Cash FlowN/A
Price / CashN/A
Book Value$2.89 per share
Price / Book7.35
Profitability
EPS (Most Recent Fiscal Year)($0.20)
Net Income$-15,000,000.00
Net Margins-44.74%
Return on EquityN/A
Return on Assets-11.02%
Miscellaneous
Employees2,422
Outstanding Shares82,930,000
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 Corp (NASDAQ:RDFN) issued its quarterly earnings results on Thursday, May, 10th. The company reported ($0.44) EPS for the quarter, hitting the consensus estimate of ($0.44). The business had revenue of $79.90 million for the quarter, compared to the consensus estimate of $77.15 million. Redfin's revenue was up 33.4% on a year-over-year basis. View Redfin's Earnings History.
When is Redfin's next earnings date?
What price target have analysts set for RDFN?
12 brokers have issued 1 year price targets for Redfin's shares. Their forecasts range from $17.00 to $31.00. On average, they anticipate Redfin's share price to reach $26.0909 in the next twelve months. View Analyst Ratings for Redfin.
Are investors shorting Redfin?
Redfin saw a increase in short interest in May. As of May 15th, there was short interest totalling 9,900,388 shares, an increase of 18.3% from the April 30th total of 8,367,201 shares. Based on an average daily trading volume, of 1,159,720 shares, the days-to-cover ratio is presently 8.5 days. Approximately 19.9% of the shares of the company are short sold. View Redfin's Current Options Chain.
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 (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?
Media coverage about RDFN stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Redfin earned a media sentiment score of 0.24 on Accern's scale. They also gave media stories about the company an impact score of 44.94 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Redfin's major shareholders?
Redfin's stock is owned by a number of of retail and institutional investors. Top institutional investors include Greylock Xii GP LLC (7.55%), BlackRock Inc. (3.44%), Baillie Gifford & Co. (2.90%), Allianz Asset Management GmbH (2.61%), Allianz Asset Management GmbH (2.60%) and Sumitomo Mitsui Trust Holdings Inc. (1.92%). 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 institutional investors are selling Redfin stock?
RDFN stock was sold by a variety of institutional investors in the last quarter, including Greylock Xii GP 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 BlackRock Inc., Allianz Asset Management GmbH, Allianz Asset Management GmbH, Baillie Gifford & Co., Sumitomo Mitsui Trust Holdings Inc., Northern Trust Corp, JPMorgan Chase & Co. and Pier Capital LLC. 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 $21.25.
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 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 (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.
