|Bid||24.05 x 2500|
|Ask||25.80 x 200|
|Day's Range||24.40 - 25.14|
|52 Week Range||19.18 - 33.49|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||24.60|
Shares of the online real estate broker have dipped this year as the housing market has gotten tougher and growth has slowed.
Redfin Corporation (RDFN), the technology-powered residential real estate brokerage, announced today the pricing of its concurrent underwritten public offerings of 4,205,510 shares of common stock at a public offering price of $23.50 per share, and $125 million aggregate principal amount of its 1.75% convertible senior notes due 2023. The common stock offering was increased from the previously announced offering size of 3.5 million shares. Redfin also granted the underwriters of the common stock offering a 30-day option to purchase up to an additional 630,826 shares and the underwriters of the notes offering a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of notes, solely to cover over-allotments.
Redfin Corporation (RDFN), the technology-powered residential real estate brokerage, announced today that it intends to commence concurrent underwritten public offerings of 3.5 million shares of common stock and $125 million aggregate principal amount of convertible senior notes due 2023. Neither offering is contingent on the completion of the other offering. Redfin also intends to grant the underwriters of the common stock offering a 30-day option to purchase up to an additional 525,000 shares and the underwriters of the notes offering a 30-day option to purchase up to an additional $18.75 million aggregate principal amount of notes, solely to cover over-allotments. Redfin intends to use the net proceeds from the offerings for working capital and other general corporate purposes, which may include technology development and marketing activities, general and administrative expenses and capital expenditures.
LONDON, UK / ACCESSWIRE / July 5, 2018 / If you want a free Stock Review on SOGO sign up now at www.wallstequities.com/registration. For today, WallStEquities.com scans Redfin Corp. (NASDAQ: RDFN), Remark Holdings Inc. (NASDAQ: MARK), Sogou Inc. (NYSE: SOGO), and Sohu.com Ltd (NASDAQ: SOHU).
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.
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.
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 .
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...
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:. ...
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 ...
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.
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:. ...
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.
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, ...
Listing your home on a certain day — and even a certain time of day — may make it sell faster and for more money. Thursday is the most popular day for agents to debut new listings, and homes listed on that day apparently sell fastest, according to Redfin, a real estate brokerage. For the specific time of day, one broker puts her new listings online at 5 p.m.
Pittsburgh is the Most Affordable Metro for Teachers, With 39% of Homes for Sale Affordable; Denver is the Least, With 0.3% of Homes for Sale Affordable SEATTLE , May 9, 2018 /PRNewswire/ -- (NASDAQ: RDFN) -- ...
SEATTLE, May 4, 2018 /PRNewswire/ -- (RDFN) -- To sell for the most money, homeowners should put their home on the market on a Wednesday, according to Redfin (www.redfin.com), the next-generation real estate brokerage. To sell the fastest, list on Thursday, Redfin says. Homes listed on Thursday found buyers an average of five days sooner than homes listed on Sunday.
Redfin Corporation (RDFN), a technology-powered residential real estate brokerage, will release first-quarter 2018 results after the stock market closes on Thursday, May 10, 2018. Participants may access the live webcast in listen-only mode on Redfin’s Investor Relations website at http://investors.redfin.com. Redfin Corporation (www.redfin.com) is a technology-powered, residential real estate brokerage.
Topping The List is a 580-Square-Foot Home in Seattle, WA, Listed for $309,950 SEATTLE , April 26, 2018 /PRNewswire/ -- (NASDAQ: RDFN) -- California has six of the top 10 most desired tiny homes on the ...
CLEVELAND, April 25, 2018 /PRNewswire/ -- (RDFN) — Redfin Mortgage, LLC is now offering loans to homebuyers in Ohio, 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.
Green Homes Sold for $46,532 More on Average Than Homes Without Green Features in 2017 Sustainability Efforts Pay Off in Cleveland, Where Three Shaker Heights Neighborhoods Made the List SEATTLE , April ...