RDFN - Redfin Corporation
Pre-market:
| Previous close | 9.27 |
| Open | 9.65 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's range | 8.83 - 9.67 |
| 52-week range | 3.08 - 13.03 |
| Volume | |
| Avg. volume | 3,071,415 |
| Market cap | 1.021B |
| Beta (5Y monthly) | 2.27 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -2.60 |
| Earnings date | 02 Aug 2023 - 07 Aug 2023 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 8.46 |
Business WireRedfin to Present at BofA Securities 2023 Global Technology Conference
SEATTLE, May 30, 2023--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event:
Business WireRedfin Reports Out-of-Town Moves Have Fallen 6% From a Year Ago, Compared With 17% Drop For In-Town Moves
SEATTLE, May 26, 2023--(NASDAQ: RDFN) — The number of Redfin.com users looking to move to a different part of the country is down 6% from a year earlier, the biggest drop on record, as the overall U.S. housing market remains cool in the face of high mortgage rates and economic uncertainty. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s a big swing from a year ago at the tail end of the pandemic homebuying boom, when the number of
Business WireRedfin Reports Mortgage Rates Surge Past 7.1% For First Time Since November; Some Buyers Back Off While Others Lower Budget
SEATTLE, May 25, 2023--(NASDAQ: RDFN) — Housing payments hit a new high this week as mortgage rates jumped due to progress on a possible debt-ceiling deal. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Business WireMore Than 2 in 5 Home Sellers Are Making Concessions to Buyers, Nearly Double Last Year’s Share
SEATTLE, May 25, 2023--(NASDAQ: RDFN) — Home sellers gave concessions to buyers in 42.9% of U.S. home sales during the three months ending April 30, up from 25.5% a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s just shy of the 45.6% record-high hit in February.
Business WireRedfin Reports Home-Price Growth During Pandemic Was Most Local Since the Great Recession
SEATTLE, May 23, 2023--The pandemic housing market era has made home price-growth trends more local in the last year than they have been since 2009, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Business WireRedfin Reports Homes in Austin and Boise are Selling for $80,000 Less Than a Year Ago
SEATTLE, May 22, 2023--(NASDAQ: RDFN) —The median U.S. home sale price fell 4.1% ($17,603) year over year in April to $408,031, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s the biggest drop on record in dollar terms and the largest decline since January 2012 in percentage terms. April marked the third consecutive month of year-over-year declines following roughly a decade of increases.
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Business WireRedfin Reports There Are Only Four Major U.S. Metro Areas Where It’s Cheaper to Buy a Home Than Rent
SEATTLE, May 19, 2023--(NASDAQ: RDFN) — There are just four major U.S. metropolitan areas where it would be cheaper to buy than rent the typical home—that is, the typical home has an estimated monthly mortgage cost lower than its estimated monthly rental cost. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Business WireRedfin Reports Fewer Metros Are Seeing Home-Price Declines As Lack of Inventory Keeps Prices Afloat
SEATTLE, May 18, 2023--(NASDAQ: RDFN) — The median U.S. home-sale price fell 2.7% during the four weeks ending May 14, the smallest decline in over a month. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Simply Wall St.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...
Motley FoolRedfin 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.
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A sizable dip in the innovation-driven Nasdaq Composite is the perfect excuse for investors to pounce on some phenomenal deals.
Motley FoolWhy 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.
Business WireRedfin to Present at 18th Annual Needham Technology & Media Conference
SEATTLE, May 11, 2023--Redfin Corporation (NASDAQ: RDFN) today announced that Chief Financial Officer Chris Nielsen will present at the following event:
Business WireRedfin Reports Asking Rents Flattened in April as Landlords Faced Rising Vacancies
SEATTLE, May 11, 2023--(NASDAQ: RDFN) — The median U.S. asking rent rose 0.3% year over year to $1,967 in April—the 11th-consecutive month of slowing growth, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That compares to a revised increase of 1.4% one month earlier and a 16% increase one year earlier.
Business WireRedfin Reports Limited Listings Lead to Few But Fast Home Sales
SEATTLE, May 11, 2023--(NASDAQ: RDFN) — Limited inventory and elevated mortgage rates continue to suppress U.S. home sales as we enter the heart of spring, typically a hot homebuying season, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But buyers and sellers can at least take a little comfort in knowing the Federal Reserve probably won’t raise interest rates again anytime soon.
Motley FoolIs 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.
Motley FoolRedfin'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.
Motley FoolWhy 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.
Business WireRedfin Reports Homes Sell Quickly as Historic Drop in Listings Fuels Competition Among Buyers
SEATTLE, May 05, 2023--(NASDAQ: RDFN) — Elevated mortgage rates are prompting many homeowners to stay put, resulting in bidding wars as buyers compete for a small pool of homes, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But buyers and sellers can at least take a little comfort in knowing the Federal Reserve probably won’t raise interest rates again anytime soon.
Motley FoolRedfin (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.
Motley FoolHere'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.
ZacksRedfin (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?
Business WireRedfin Reports First Quarter 2023 Financial Results
SEATTLE, May 04, 2023--Redfin Corporation (NASDAQ: RDFN) today announced results for its first quarter ended March 31, 2023.
Motley FoolHere'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.
