Redfin Corporation (RDFN)

NASDAQ: RDFN · IEX Real-Time Price · USD
6.20
+0.36 (6.16%)
At close: Oct 4, 2022 4:00 PM
6.10
-0.10 (-1.61%)
After-hours: Oct 4, 2022 7:30 PM EDT
6.16%
Market Cap 672.42M
Revenue (ttm) 2.39B
Net Income (ttm) -219.10M
Shares Out 108.45M
EPS (ttm) -1.62
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 5,071,500
Open 6.04
Previous Close 5.84
Day's Range 6.02 - 6.30
52-Week Range 5.67 - 53.94
Beta 1.90
Analysts Hold
Price Target 10.12 (+63.2%)
Earnings Date Nov 2, 2022

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; originates and sells mortgages; and buys and sells homes. 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 i... [Read more...]

Industry Real Estate Management & Development
IPO Date Jul 28, 2017
CEO Glenn Kelman
Employees 6,485
Stock Exchange NASDAQ
Ticker Symbol RDFN
Full Company Profile

Financial Performance

In 2021, Redfin's revenue was $1.92 billion, an increase of 116.99% compared to the previous year's $886.09 million. Losses were -$109.61 million, 491.6% more than in 2020.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for RDFN stock is "Hold." The 12-month stock price forecast is 10.12, which is an increase of 63.23% from the latest price.

Price Target
$10.12
(63.23% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Redfin Reports High Mortgage Rates Mean Smaller Homes For Many Buyers

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A San Diego homebuyer with a $3,000 monthly budget can afford a 931-square-foot home at today's 6.7% mortgage rates, down from the 1,366-square-foot home the s...

17 hours ago - Business Wire

7 Stocks to Sell in October

Stocks to sell is a necessary discussion. Although it may feel good to remain loyal to an organization in the hopes of a substantial turnaround, it's time to let go of some of the weaker entities.

Other symbols: ANFKBHLYFTNKEOPENSKT
4 days ago - InvestorPlace

Redfin Reports Typical Homebuyer's Mortgage Payment Up 15% Since Mid-August

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical homebuyer's monthly mortgage payment has climbed $337 (15%) over the past six weeks to a new high of $2,547, according to a new report from Redfin ...

5 days ago - Business Wire

Why Shares of Redfin, AGNC Investment Corp., and Annaly Capital Management Are Falling Today

Real estate stocks and mortgage real estate investment trusts took a hit today.

Other symbols: AGNCNLY
5 days ago - The Motley Fool

Homebuyers Are Grappling With the Most Volatile Mortgage Rates in Over Three Decades

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — The typical house hunter who started searching in July and closed the deal on their new home in September saw their potential mortgage rate fluctuate by roughl...

6 days ago - Business Wire

Affordable Midwest and East Coast Markets Are Holding Up Best as the U.S. Housing Market Cools

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Housing markets in relatively affordable Midwest and East Coast metro areas are holding up better than anywhere else in the country, according to a new report ...

1 week ago - Business Wire

Redfin stock sinks toward record low, record-tying losing streak as 10-year Treasury yield spikes to 12-year high

Shares of Redfin Corp. RDFN, -3.80% slid 4.2% toward a record low and a record-tying losing streak, as another jump in Treasury yields spooked investors who have been concerned over a housing recession....

1 week ago - Market Watch

Sun Belt Homebuyers Are Backing Out of Purchases at a Higher Rate Than Anywhere Else in the U.S.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, roughly 64,000 home-purchase agreements fell through in August, equal to 15.2% of homes that went under contract that month. That's up from 12.1% a...

1 week ago - Business Wire

Mortgage Rates Are the Highest Since 2008: 3 Companies to Avoid

These three real estate stocks are highly cyclical and have seen business slow down dramatically in 2022.

Other symbols: RKTUWMC
1 week ago - The Motley Fool

Bidding-War Rate Drops to Lowest Level Since April 2020 As Mortgage Rates Surge

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nationwide, 44.6% of home offers written by Redfin agents faced competition in August, the lowest bidding-war rate since the beginning of the pandemic when the...

1 week ago - Business Wire

Redfin Reports Rising Prices Amid Falling Demand and Supply Reflect a “New Weird”

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Home prices increased 1% in the last two weeks after 11 weeks of declines as mortgage rates soared past 6%, according to a new report from Redfin (redfin.com), ...

1 week ago - Business Wire

Redfin stock sinks toward record low as surge in Treasury yields weighs on real estate services companies

Shares of Redfin Corp. [rdfn] tanked 6.5% toward a record-low close, as big jump in Treasury yields weighed on real estate services companies, by increasing concerns over rising mortgage rates and furth...

1 week ago - Market Watch

Redfin Reports Luxury-Home Purchases Plummet 28%, the Biggest Drop on Record

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Sales of luxury U.S. homes fell 28.1% year over year during the three months ending Aug. 31, 2022, according to a new report from Redfin (www.redfin.com), the ...

1 week ago - Business Wire

Redfin Expands Brokerage to Hilton Head, South Carolina

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the tech-powered real estate brokerage, today announced it has launched in Hilton Head, South Carolina. Consumers in this popular vaca...

1 week ago - Business Wire

Redfin Reports Asking Rents Climb 11% in August, the Smallest Gain in a Year

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —U.S. asking rents climbed to a record high in August, but rent growth moderated for the third-straight month. The national median asking rent was up 11% year ov...

1 week ago - Business Wire

Redfin Reports Seattle's Housing Market Is Cooling Faster Than Any Other in the U.S.

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Seattle's housing market is slowing faster than any other housing market in the country amid rising mortgage rates, inflation, a slowing stock market and broad...

1 week ago - Business Wire

Redfin Reports A Record Share of Homebuyers Relocate, Driven By Moves Away From Expensive Coastal Areas

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — A record 33.9% of Redfin.com users nationwide looked to move from one metro to another in July and August, according to a new report from Redfin (www.redfin.co...

2 weeks ago - Business Wire

85% of Homeowners with Mortgages Have a Rate Far Below Today's Level, a Factor Prompting Many to Stay Put

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today's level of 6%, according to a new report from Red...

2 weeks ago - Business Wire

Redfin home sale transactions drop by 4% year-over-year

Yahoo Finance Live looks at Redfin's reported real estate transactions.

2 weeks ago - Yahoo Finance

Prospective Home Sellers and Buyers Retreated in August as Mortgage Rates Approached 6%

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Seasonally-adjusted new listings of homes for sale fell 8% from July to August to their lowest level since May 2020, when the housing market was paralyzed by t...

2 weeks ago - Business Wire

3 Housing Stocks to Sell Now

Rising interest rates are cooling off the U.S. housing market. The average interest rate on a 30-year mortgage, the most popular U.S. home loan, has risen to 6% for the first time since the 2008 financi...

Other symbols: DHIRKT
2 weeks ago - InvestorPlace

Redfin Reports Nearly One-Third of U.S. Homes Are Bought With Cash, Well Above Pre-Pandemic Levels

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one-third (31.4%) of U.S. home purchases were paid for with all cash in July, according to a new report from Redfin (www.redfin.com), the technology-pow...

2 weeks ago - Business Wire

Redfin Reports Sellers Lose the Upper Hand as Mortgage Rates Top 6%

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —The housing market is becoming more balanced, but at a great cost to both buyers, who are footing the bill of high monthly mortgage payments, and sellers, whose...

2 weeks ago - Business Wire

Redfin predicts sharpest turn in housing market since 2008 crash

The housing market is looking up for both buyers and sellers, real estate experts said. Homes are selling for lower prices, but high mortgage rates are still impacting affordability.

2 weeks ago - Fox Business

7 Stocks to Sell in a Bear Market

There comes a point when investors need to recognize the realities of the equities sector, which is the central theme undergirding the stocks to sell in a bear market below. It's not about hating on par...

Other symbols: DDSKBHLAZROPENRHSIG
3 weeks ago - InvestorPlace