RDFN - Redfin Corporation

3 Super Stocks Down 70% to 88% You'll Wish You'd Bought on the Dip

Broadly speaking, technology stocks are ripping higher this year, with the Nasdaq-100 index jumping 27% so far. Data streaming is a technology rapidly growing in importance for businesses because consumers are increasingly demanding more live experiences from their digital products and services. Cloud computing allows businesses to operate online, and every interaction within their digital ecosystem creates data.

Redfin Corporation's (NASDAQ:RDFN) Intrinsic Value Is Potentially 60% Above Its Share Price

Key Insights Using the 2 Stage Free Cash Flow to Equity, Redfin fair value estimate is US$17.06 Current share price of...

Redfin Is Up 165% in 2023 -- Could It Still Be a Long-Term Bargain?

Real estate technology company Redfin (NASDAQ: RDFN) has rebounded sharply in 2023, but it is still losing money and the real estate market remains slow. In this video, I discuss the latest numbers out of Redfin and how the business is doing.

Nasdaq Bear Market: 5 Exceptional Growth Stocks You'll Regret Not Buying on the Dip

A sizable dip in the innovation-driven Nasdaq Composite is the perfect excuse for investors to pounce on some phenomenal deals.

Why Redfin Stock Blasted Almost 13% Higher This Week

The company benefited from a pair of prognosticator price-target lifts, plus an encouraging in-house research report.

Is Real Estate Back? Here's Why Opendoor and Redfin Are Soaring

The stock market -- especially when it comes to technology stocks -- was having a good day on Wednesday. Leading iBuyer Opendoor Technologies (NASDAQ: OPEN) was up by 7% during this time after rising by double digits earlier in the day, while brokerage disruptor Redfin (NASDAQ: RDFN) was 13% higher. Opendoor reported its earnings last Thursday, and the company is making impressive progress in selling its "old book" of homes.

Redfin's Revenue Just Crashed 45%, but Here's Why Its Stock Price Absolutely Soared

When companies report their financial results each quarter, investors learn new information about the strength of their businesses. The real estate sector has been one of the biggest casualties. Consumers saw their borrowing power slashed, which crimped demand, so any company reliant on home sales to generate revenue has suffered.

Why Redfin Stock Jumped Today

Shares of Redfin (NASDAQ: RDFN) surged after the online real estate brokerage's first-quarter results showed it is recovering from the housing slowdown. Revenue plunged 45% to $325.7 million, reflecting the company's exit from the Redfin Now home-flipping business, but that beat the analyst consensus estimate of $314.5 million. Service revenue, which mainly reflects its brokerage business, was down 2.1% to $212.9 million, but gross profit improved, showing it's becoming more efficient.

Redfin (RDFN) Q1 2023 Earnings Call Transcript

It is now my pleasure to introduce your host, Meg Nunnally, head of investor relations. Good afternoon, and welcome to Redfin's financial results conference call for the first quarter ended March 31, 2023. Joining me on the call today is Glenn Kelman, our CEO; and Chris Nielsen, our CFO.

Here's Why Redfin Shares Dropped 18% in April

Redfin (NASDAQ: RDFN) stock tumbled 17.8% in April, according to S&P Global Market Intelligence. The real estate tech stock suffered after negative news about the housing market created uncertainty for Redfin's medium-term operational prospects. Recent data in the housing market has been somewhat of a mixed bag, but warning signs in April had investors on edge.

Redfin (RDFN) Reports Q1 Loss, Tops Revenue Estimates

Redfin (RDFN) delivered earnings and revenue surprises of 7.92% and 3.40%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?

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Here's Why I Still Own Redfin

Redfin (NASDAQ: RDFN) peaked at more than 14 times its current stock price in 2021, and it isn't hard to see why investor sentiment has soured. At that time, the U.S. real estate market was on fire. Plus, investors had high hopes that the Redfin Now iBuying business was going to be a massive growth driver.

Why Redfin Stock Slipped This Week

Shares of Redfin (NASDAQ: RDFN) slipped 14.5% this week, according to data from S&P Global Market Intelligence. The online real estate marketplace didn't post financial results, but a slew of data coming in about the state of the U.S. housing market has investors bearish on the stock. As of this writing, shares of Redfin are down around 40% over the past year and off 80% from all-time highs set in early 2021.

Analysts Estimate Newmark Group (NMRK) to Report a Decline in Earnings: What to Look Out for

Newmark Group (NMRK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Redfin (RDFN) to Report a Decline in Earnings: What to Look Out for

Redfin (RDFN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Why Redfin Stock Was Sliding Today

Shares of Redfin (NASDAQ: RDFN) were moving lower as the online real estate brokerage fell in line with a broad market sell-off. While there was no major company-specific news out on Redfin, a few news items may have pushed the stock lower. As of 2:11 p.m. ET, shares were down 11.4%, while the Nasdaq had fallen 1.7% and the small-cap Russell 2000 index was off 2.1%.

Redfin stock rises as home prices fell by over 3% in March

The Yahoo Finance Live team discusses the outlook for Redfin and the decline in home prices in March.

Redfin Corporation's (NASDAQ:RDFN) Revenues Are Not Doing Enough For Some Investors

Redfin Corporation's ( NASDAQ:RDFN ) price-to-sales (or "P/S") ratio of 0.4x might make it look like a buy right now...

Why Redfin Stock Jumped 22% in March

Shares of Redfin (NASDAQ: RDFN) were moving higher last month as the online real estate brokerage benefited from falling mortgage rates and some positive analyst chatter. After the stock fell nearly 90% last year, shares look cheap and some investors saw a buying opportunity as they anticipated that mortgage rates have peaked. According to data from S&P Global Market Intelligence, the stock finished the month up 22%.

Why Shares of Redfin Are Rising Today

Shares of online brokerage Redfin (NASDAQ: RDFN) traded nearly 9% higher as of 2:23 p.m. ET Friday after the company issued a report saying that homebuyer demand among early-stage buyers had surged recently. Specifically, homebuying applications are up for the fourth straight week and Redfin's Homebuyer Demand Index (HDI) hit its highest level last week since last May. The HDI measures how many people are asking to look at homes, as well as looking to talk to a Redfin agent about buying a home or actually making an offer. "Prices are still rising quickly in some places while they are down by double digits in big tech hubs, so it's important for prospective buyers to work with an expert local agent," Taylor Marr, Redfin's deputy chief economist, said in a statement.

2 Stocks Down 79% and 91% That Could Soar in the Second Half of 2023

Real estate has been one of the hardest-hit sectors over the past 18 months, since the U.S. Federal Reserve embarked on its most aggressive campaign to raise interest rates in its history. First, inflation appears to be cooling, which might prompt the Fed to rethink future interest rate increases. Plus, on the back of the recent crisis in the U.S. regional banking sector, some economists are now calling for the Fed to start cutting rates in 2023.

Proceed With Caution When Considering These 5 Ultra-Popular Stocks

It's been a rough time in the stock market over the past year and even good companies with lots of long-term potential experienced massive share price sell-offs right alongside not-so-great companies. You wouldn't know Carvana's business is stuck grinding its gears by looking at the company's 72% year-to-date share price rise.

Redfin stock rises as mortgage rates continue to slide for second straight week

Yahoo Finance Live discusses the rise of Redfin shares as mortgage rates fall for the last two weeks.

Why Redfin Stock Was Climbing Today

The online real estate brokerage reacted positively to the Federal Reserve's rate hike announcement.

Why Redfin Stock Soared 25% This Week

Shares of Redfin (NASDAQ: RDFN) spiked this week on no company-specific news. Instead, the real estate company's shares climbed higher as mortgage rates fell in response to trouble in the banking industry. As a result, Redfin stock was up by 25.1% this week, according to data provided by S&P Global Market Intelligence.