Redfin Corporation (RDFN)
| Market Cap | 1.14B |
| Revenue (ttm) | 1.02B |
| Net Income (ttm) | -152.26M |
| Shares Out | 123.98M |
| EPS (ttm) | -1.27 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 8,401,735 |
| Open | 8.30 |
| Previous Close | 8.16 |
| Day's Range | 8.27 - 9.23 |
| 52-Week Range | 5.10 - 15.29 |
| Beta | 2.69 |
| Analysts | Hold |
| Price Target | 9.23 (+0.76%) |
| Earnings Date | Nov 7, 2024 |
About RDFN
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates and sells mortgages. In addition, the company uses digital platforms to connect consumers with rental properties. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2... [Read more]
Financial Performance
In 2023, Redfin's revenue was $976.67 million, a decrease of -11.18% compared to the previous year's $1.10 billion. Losses were -$131.10 million, -59.37% less than in 2022.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for RDFN stock is "Hold." The 12-month stock price forecast is $9.23, which is an increase of 0.76% from the latest price.
News
Rents likely to come down in 2025, says Redfin CEO Glenn Kelman
Glenn Kelman, Redfin CEO, joins 'Money Movers' to discuss home sales and the state of the housing market.
More Than 1 in 5 Renters Say Their Entire Paycheck Goes to Rent: Redfin Survey
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just over one in five (22%) U.S. renters say all of their regular income goes directly to paying their rent, according to a new survey from Redfin (redfin.co...
Redfin Reports Investor Home Purchases Plateau After a Pandemic-Era Rollercoaster Ride
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Real estate investors purchased 2.3% fewer homes in the third quarter than they did a year earlier, according to a new report from Redfin (redfin.com), the t...
Redfin Reports Early-Stage Homebuying Demand Jumps to Its Highest Level in 15 Months Despite High Mortgage Rates
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Homebuyers are jumping into the market now that the election has passed and the Fed has cut interest rates for the second time in a row. That's according to ...
Redfin Survey: 18% of Home Hunters Say Safety/Crime is a Reason They're Moving, 14% Cite Climate Risks
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one in seven (13.7%) home hunters say a concern for natural disasters or climate risks in their area is a reason they are likely to move in the next y...
Homes With Low Natural Disaster Risk Are Rising in Value Faster Than Homes With High Risk for the First Time in Over a Decade
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — For the first time since 2010, homes facing low risk from natural disasters are rising in value faster than homes facing high risk, according to a new report...
Redfin Reports Home Sales Sink Across Florida Amid Hurricane Recovery, Surging HOA and Insurance Costs
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Florida is home to the five U.S. metropolitan areas where pending home sales are falling fastest, according to a new report from Redfin (red...
U.S. Home Prices Rose 0.5% in October, Marking a Year of Consistent Growth
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices grew 0.5% from a month earlier in October on a seasonally adjusted basis, matching September's increase, according to a new report from Redf...
Redfin to Present at 4th Annual Needham Consumer Tech / Ecommerce Virtual Conference
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: 4th Annual Needham Consumer Tech / Ecommerce...
Redfin Survey: Most People Earning Under $50,000 Struggle to Afford Housing. Nearly One-Quarter of Them Have Skipped Meals to Make Their Payments
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Nearly three-quarters (74%) of U.S. residents who earn less than $50,000 per year sometimes, regularly or greatly struggle to afford their r...
Redfin CEO reveals two factors behind surge in homebuyers
Redfin CEO Glenn Kelman assesses the state of housing, the increase in homebuying demand and weighs in on Federal Reserve Chairman Jerome Powell's handling of rate cuts.
Existing Home Sales Post Biggest Increase in Nearly Three Years
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Existing home sales rose 1.6% month over month in October—the biggest gain since January 2022—to a seasonally adjusted annual rate of 4,179,346. That's accord...
Redfin Reports Home Tours, Mortgage Locks Are Bouncing Back Post-Election
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Early indicators of homebuying demand show that buyers are returning after taking a hiatus in the lead-up to last week's presidential election, according to ...
Redfin to Present at Stephens Annual Investment Conference
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: Stephens Annual Investment Conference Tuesda...
Redfin to Present at RBC Capital Markets Technology, Internet, Media and Telecommunications Conference
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event: RBC Capital Markets Technology, Internet, Me...
22% of U.S. Residents Are More Likely to Move Now That Election Is Over, With Many Considering a Different Country or State
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — More than one in five (22%) U.S. residents say they're more likely to move now that the election is over, according to a new survey commissioned by Redfin (r...
Redfin Reports Rents Flat Nationally in October, But Rising in East Coast and Midwest Metros
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent barely moved in October, nudging up 0.2% year over year to $1,619. That's according to a new report from Redfin ...
Redfin Lost Market Share, Missed Estimates and Cut Its Outlook. Its Stock Is Falling
Redfin (RDFN) shares sank Friday after the online real estate business posted worse-than-expected results and lowered its guidance as it lost market share in the U.S.
Sweetgreen Posts Downbeat Results, Joins Evolent Health, Redfin, Pinterest And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were slightly lower this morning, with the Nasdaq futures falling around 0.2% on Friday.
Redfin Corporation (RDFN) Q3 2024 Earnings Call Transcript
Redfin Corporation (NASDAQ:RDFN) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Meg Nunnally - Head, IR Glenn Kelman - CEO Chris Nielsen - CFO Conference Call Parti...
Redfin Reports Third Quarter 2024 Financial Results
SEATTLE--(BUSINESS WIRE)--Redfin Corporation (NASDAQ: RDFN) today announced results for its third quarter ended September 30, 2024. Third Quarter 2024 Third quarter revenue was $278.0 million, an incr...
Redfin Reports Pending Home Sales Held Steady in Final Run-Up to Election Despite 7% Mortgage Rates
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending U.S. home sales rose 4.3% year over year during the four weeks ending November 3, in line with the increases Redfin has seen over the last six weeks....
Redfin Reports The Number of Renter Households Is Growing Three Times Faster Than Homeowner Households
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The number of renter households rose 2.7%, in the third quarter year over year, to a record 45.6 million. That's according to a new report f...
Redfin Survey: 38% of People Who Already Voted Say Housing Affordability Impacted Their Presidential Pick
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just under two in five (38%) U.S. residents who had already voted as of November 1 say housing affordability impacted their presidential pick. That's accordi...
Redfin Reports 28% of Houses For Sale Are Newly Built, the Lowest Share in 3 Years
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Newly built homes made up 28% of single-family homes for sale nationwide in the third quarter, the lowest level in three years, according to a new report fro...