RDFN - Redfin Corporation
| Previous Close | 22.24 |
| Open | 22.11 |
| Bid | 21.76 x 1100 |
| Ask | 21.78 x 800 |
| Day's Range | 21.41 - 22.41 |
| 52 Week Range | 15.82 - 33.49 |
| Volume | 734,480 |
| Avg. Volume | 1,076,715 |
| Market Cap | 1.802B |
| Beta | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.93 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 24.60 |
- MarketWatch•yesterday
Goldman downgrades online real-estate stocks as housing headwinds loom
Redfin’s CEO said in February that he expects housing-market conditions to get worse before they get betterMarketWatch photo illustration/ZillowNow Zillow won’t just show you houses and steer you to real estate agents - it will also sell you some directly. Goldman Sachs on Monday downgraded two real-estate stocks as housing-market challenges persist and the end of the spring selling season looms. In a research note, Goldman equity analysts call Zillow Group(ZG)and Redfin Corp.(RDFN)“online real estate stocks” but note that, despite their internet origins, both companies are still at the mercy of the real-world housing backdrop: tight supply, rising prices and a challenging mortgage lending environment in which credit remains tight even as rates rise.
- Barrons.com•yesterday
Redfin, Zillow Listless as Real-Estate Competition Moves In
Shares of Redfin (RDFN) and Zillow Group (ZG) are trading lower on Monday, after Goldman Sachs downgraded the online real-estate stocks. Analyst Heath Terry cut his rating on Zillow to Neutral, and Redfin to Sell, leaving his $21 price target on the latter unchanged. He writes that the move comes ahead of a period of historical underperformance for the stocks, as well as his concern about housing trends--tighter supply, higher prices, and higher mortgage rates--that will weigh on the shares. To wit, he writes that the downgrades aren't a bearish call on Zillow’s launch of Instant Offers or growth in Redfin Now, both of which are initiatives that he believes are "necessary given the growing impact of technology on the traditional agent commission model." Zillow Instant Offer, much like it sounds, allows users selling their home to get instant offers, which they can accept in lieu of using a traditional real estate agent.
- PR Newswire•5 days ago
Redfin Report: May Real Estate Market the Fastest on Record; Prices Up 6.3%
SEATTLE, June 14, 2018 /PRNewswire/ -- (RDFN)--The typical home that sold in May went under contract in 34 days, according to Redfin (www.redfin.com), the next-generation real estate brokerage. The number of newly listed homes for sale increased 4.3 percent compared to May of last year, driving a 3.6 percent increase in the number of homes sold. Just 2.5 months of supply remained at the end of the month, compared to the six months that generally signals a balanced market.
- Business Wire•6 days ago
REDFIN CORPORATION SHAREHOLDER ALERT – Andrews & Springer LLC is Investigating Redfin Corporation for Potential Breaches of Fiduciary Duty - RDFN
Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against Redfin Corporation .
- PR Newswire•11 days ago
Redfin Mortgage Launches in Georgia
ATLANTA, June 8, 2018 /PRNewswire/ -- (RDFN) — Redfin Mortgage, LLC is now offering loans to homebuyers in Georgia, announced Redfin Corporation (www.redfin.com), the next-generation real estate brokerage. Redfin Mortgage offers fixed- and adjustable-rate conforming mortgages as well as jumbo loans for higher-priced homes in every state where it operates. Building on Redfin's existing technology platform and customer-centric model, Redfin Mortgage aims to be the fastest and easiest way for homebuyers to receive a quote, get pre-approved for a loan and finance their home purchase.
- Simply Wall St.•17 days ago
Best High Growth NasdaqGS Stocks This Week
Investors seeking to increase their exposure to growth should consider companies such as Trevena and Redfin. Analysts are generally optimistic about the future of these stocks, based on how muchRead More...
- GlobeNewswire•19 days ago
Redfin to Present at William Blair 38th Annual Growth Stock Conference
SEATTLE, May 31, 2018-- Redfin Corporation, the technology-powered residential real estate brokerage, today announced that Chief Financial Officer Chris Nielsen will present at the following investor conference:. ...
- GlobeNewswire•20 days ago
Report: Exploring Fundamental Drivers Behind Ducommun, Redfin, Hemisphere Media Group, General Electric, Snap-On, and Veritex — New Horizons, Emerging Trends, and Upcoming Developments
NEW YORK, May 30, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Ducommun ...
- ACCESSWIRE•20 days ago
Sogou and Three Additional Internet Stocks on Our Research Desk’s Radar
LONDON, UK / ACCESSWIRE / May 30, 2018 / If you want a free Stock Review on SOGO sign up now at www.wallstequities.com/registration. On Tuesday, May 29, 2018, US markets saw broad based losses with all sectors finishing the trading sessions in red.
- PR Newswire•21 days ago
Redfin Housing Demand Index Posted Slight Decline from March to April Amid Ongoing Inventory Crunch
SEATTLE, May 29, 2018 /PRNewswire/ -- (RDFN) — The Redfin Housing Demand Index fell 1.3 percent month over month to 106 in April, according to Redfin (www.redfin.com), the next-generation real estate brokerage. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers. The Demand Index is adjusted for Redfin's market share growth.
- PR Newswire•25 days ago
Virginia Beach, Memphis and Indianapolis are the Most Affordable Housing Markets for Veterans, According to Redfin
Across 45 major metros, 9% of homes for sale are affordable for veterans, down from 27% in 2012 SEATTLE , May 25, 2018 /PRNewswire/ -- (NASDAQ: RDFN) -- Of the more than 600,000 homes currently listed ...
- Bloomberg•26 days ago
A Third of New Yorkers Are Looking to Move Out of the City
American tech hubs like San Francisco are so tight on affordable housing that many residents have fled to less formidable markets like Denver. Now Denver itself is among the cities likely to see people leave, according to a report by the brokerage Redfin Corp. One of the trends Redfin tracks is its users’ online home searches.
- PR Newswire•27 days ago
Redfin Migration Report: Denver Joins Seattle and San Francisco as a Tech Hub with More People Looking to Move Out than Move In
SEATTLE , May 23, 2018 /PRNewswire/ -- (NASDAQ: RDFN)-- In the first three months of 2018, Denver posted a "net outflow" of Redfin users for the first time, meaning that more Denver -based Redfin ...
- Motley Fool•last month
Redfin Advances Its Assault on the Real Estate Industry
A disruptive commission structure is helping the upstart broker capture a larger share of a multitrillion-dollar market.
- PR Newswire•last month
Redfin Report: Homes Sold Faster Than Ever in April; Prices Rose 7.6%
The number of homes newly listed for sale in April rose 5.7 percent, a welcome sign for buyers after a lackluster number of new listings went on the market in the first three months of 2018. Competition escalated as buyers vied for a limited number of properties--just 2.8 months of supply remained at the end of the month compared to the six months that generally signals a balanced market. The typical home that sold last month went under contract in 36 days, six days faster than a year earlier and faster than any month Redfin has recorded going back to 2010.
- GlobeNewswire•last month
Redfin to Present at Cowen and Company 46th Annual Technology, Media & Telecom Conference
SEATTLE, May 16, 2018-- Redfin Corporation, the technology-powered residential real estate brokerage, today announced that Chief Financial Officer Chris Nielsen will present at the following investor conference:. ...
- PR Newswire•last month
Redfin Report: Minneapolis, Portland and Chicago are the Most Bikeable Cities of 2018
Portland, Seattle and Oakland posted the biggest Bike Score increases since 2015 Bike Score adds ratings for more than 1,800 new cities and 10,000 new neighborhoods SEATTLE , May 16, 2018 /PRNewswire/ ...
- PR Newswire•last month
Redfin Report: Shrinking Supply Sends Prices for Luxury Homes Up Nearly 8 Percent in First Quarter
SEATTLE, May 14, 2018 /PRNewswire/ -- (RDFN)-- Luxury home prices in the first quarter of 2018 rose 7.9 percent compared to last year, to an average of $1.8 million, according to the latest report from Redfin (www.redfin.com), the next-generation real estate brokerage. The strong price growth for luxury homes is due to decline in supply that has persisted since the second quarter of 2017. The inventory shortage in the luxury market is newer and somewhat less severe than the inventory shortage for more affordable homes.
Yahoo Finance•last monthVerizon in the spotlight, Kohl's down, Redfin under pressure
Verizon, Kohls and Redfin are the Yahoo Finance charts of the day.
- MarketWatch•last month
American Dream of home ownership is lost in a ‘landlord nation,’ says Redfin CEO
It’s not just tech-heavy Seattle and San Francisco that have stolen for many the so-called American Dream of homeownership with their steep housing prices. Glenn Kelman, CEO of Seattle-based national real estate brokerage Redfin(RDFN) blasted the state of the national housing market on a post-earnings call with analysts Thursday.
- Simply Wall St.•last month
Should You Be Concerned About Redfin Corporation’s (NASDAQ:RDFN) Investors?
In this analysis, my focus will be on developing a perspective on Redfin Corporation’s (NASDAQ:RDFN) latest ownership structure, a less discussed, but important factor. The impact of a company’s ownershipRead More...
- Associated Press•last month
Redfin: 1Q Earnings Snapshot
On a per-share basis, the Seattle-based company said it had a loss of 44 cents. The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research ...
- GlobeNewswire•last month
Redfin First-Quarter 2018 Revenue up 33% Year-over-Year to $79.9 Million
SEATTLE, May 10, 2018-- Redfin Corporation, the technology-powered residential real estate brokerage, today announced financial results for the first quarter ended March 31, 2018. All financial measures, ...
- Yahoo Finance Video•last month
Verizon, Kohls and Redfin are the Yahoo Finance charts of the day.
Let's check out the Yahoo Finance charts of the day. Verizon (VZ): Shares are up in early trade, around 4%. The telecommunications conglomerate was upgraded to "overweight" from neutral at J.P. Morgan Securities after the firm met with CEO Lowell McAdam on Thursday. Kohls (KSS): Shares are down here, around 1.5X%. Credit Suisse downgraded the retailer's stock to "neutral" from "outperform, noting that cold weather impacted first quarter results for the industry in general. Redfin (RDFN): Shares are down, around 4.7%. The online real estate brokerage matched Street forecasts with a quarterly loss of 44 cents per share, with revenue topping estimates. However, shares of the company are being pressured by weaker-than-expected gross margins. For more on today's big stock movers check out the Final Round, live at 3:55 p.m. ET, right here on Yahoo Finance.
- CNBC Videos•last month
Redfin plunges on weak gross margins
CNBC's Seema Mody reports on Redfin earnings.
