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Redfin Corporation (RDFN)

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11.31 +0.77 (+7.34%)
As of 2:44 p.m. EDT. Market Open.
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DELL
  • Previous Close 10.54
  • Open 10.66
  • Bid --
  • Ask --
  • Day's Range 10.58 - 11.40
  • 52 Week Range 4.26 - 15.29
  • Volume 4,191,514
  • Avg. Volume 6,644,226
  • Market Cap (intraday) 1.378B
  • Beta (5Y Monthly) 2.67
  • PE Ratio (TTM) --
  • EPS (TTM) -1.16
  • Earnings Date Oct 31, 2024 - Nov 4, 2024
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 8.06

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 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.

www.redfin.com

4,000

Full Time Employees

December 31

Fiscal Year Ends

Real Estate

Sector

Real Estate Services

Industry

More about Redfin Corporation

Recent News: RDFN

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Related Videos: RDFN

Fed cut had 'psychological impact' on real estate: Redfin CEO

US pending home sales surged 2.5% in September, marking the largest monthly increase in over a year and a half, according to a Redfin report. Redfin (RDFN) CEO Glenn Kelman joins Wealth! to share his insights on the current housing market dynamics. The 30-year fixed mortgage rate spiked to 6.44%, rising for the third consecutive week. Kelman emphasizes homebuyers' resilience in today's market, particularly their responsiveness to rate fluctuations. "We see people trying to lock a rate on a Friday before it goes up on a Monday," he explains. The Federal Reserve's September rate decision had a psychological impact, triggering what Kelman describes as a "change in the real estate industry." While acknowledging the impact of interest rates on housing affordability, Kelman points to some positive developments. Despite elevated median mortgage rates, monthly payments have decreased by an average of $300 since April, which Kelman says is helping to keep potential buyers engaged: "so people are still staying in the game." Looking ahead to the presidential election, Kelman doesn't anticipate immediate changes to the housing sector, whether under a Trump or Harris administration. Instead, he draws a parallel to the Federal Reserve's influence: "I think many people are waiting the same way they were waiting on the Fed. When the Fed made its cut, it didn't actually affect mortgage rates, but it did affect consumer psychology, and I think when the election is over, it won't actually immediately affect inventory home prices or anything like that, but it might affect homebuyer and home seller psychology." Kelman came on Yahoo Finance in September and commented on the US housing market and policy expectations from Vice President Kamala Harris and former President Donald Trump. Here's what he had to say: One thing Redfin's CEO would like to hear Harris, Trump address America has forgotten how to build homes: Redfin CEO To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
Yahoo Finance Video · 1 hr ago
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Performance Overview: RDFN

Trailing total returns as of 2024-10-18, which may include dividends or other distributions. Benchmark is

.

YTD Return

RDFN
9.63%
S&P 500
23.04%

1-Year Return

RDFN
98.48%
S&P 500
34.20%

3-Year Return

RDFN
78.00%
S&P 500
31.26%

5-Year Return

RDFN
37.49%
S&P 500
95.77%

Compare To: RDFN

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Statistics: RDFN

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Valuation Measures

As of 2024-10-17

  • Market Cap

    1.28B

  • Enterprise Value

    2.18B

  • Trailing P/E

    --

  • Forward P/E

    --

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    1.23

  • Price/Book (mrq)

    --

  • Enterprise Value/Revenue

    2.16

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -13.55%

  • Return on Assets (ttm)

    -8.30%

  • Return on Equity (ttm)

    -744.57%

  • Revenue (ttm)

    1.01B

  • Net Income Avi to Common (ttm)

    -137.5M

  • Diluted EPS (ttm)

    -1.16

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    204.51M

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    35.69M

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Research Analysis: RDFN

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 295.2M
Earnings -27.88M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

6.00 Low
8.06 Average
11.31 Current
15.00 High
 
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