|Bid||110.00 x 1100|
|Ask||114.85 x 800|
|Day's Range||109.23 - 115.93|
|52 Week Range||44.70 - 212.40|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||498.43|
|Earnings Date||Aug. 04, 2021 - Aug. 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||186.50|
Unlike Zillow (NASDAQ: Z) (NASDAQ: ZG), Redfin's (NASDAQ: RDFN) core business is still traditional residential sales, which means Redfin needs a lot of real estate agents. When the market quickly powered back, Redfin had to find agents to handle the demand. “After scrambling in the second half of 2020 to hire enough agents and lenders to handle a pandemic-driven surge in demand, Redfin is just about hitting on all cylinders,” said Redfin CEO Glenn Kelman in the first-quarter 2021 press release.
Case in point: Shares of Zillow Group (NASDAQ: ZG) (NASDAQ: Z), Baidu (NASDAQ: BIDU), and Teladoc (NYSE: TDOC) are all trading at least 40% below their recent highs. As of the close on Tuesday (when it delivered its latest quarterly report), Zillow shares had fallen 42% from the peak they hit three months ago. If you would have expected Zillow to be holding up a lot better in this climate, the good news is that it's doing just fine.
The stock market had another topsy-turvy day on Wednesday, with major market benchmarks getting pushed and pulled in both directions at various points. A couple of Nasdaq stocks, Peloton Interactive (NASDAQ: PTON) and Zillow Group (NASDAQ: Z) (NASDAQ: ZG), had a role to play in the index's decline. The Dow Jones Industrial Average (DJINDICES: ^DJI) climbed to all-time record highs, while the S&P 500 (SNPINDEX: ^GSPC) treaded water amid downward pressure from the tech stocks that make up such a large portion of the Nasdaq's constituency.