Redfin
RDFN
Market cap $1.28B

10.54 USD

-0.63

5.64%

At close Oct 17, 4:00 PM EDT

After hours

10.53

-0.01

0.09%

1 day

-5.64%

5 days

5.08%

1 month

-25.83%

3 months

24.73%

6 months

99.62%

Year to date

6.46%

1 year

84.91%

5 years

-41.77%

About: Redfin Corp is a residential real estate broker. It pairs its agents with the technology to create a service that is faster and costs less. The company meets customers through a listings-search website and mobile application. The company uses the same combination of technology and local service to originate mortgage loans and offer title and settlement services. It has five operating segments and three reportable segments, real estate services, rentals, and mortgage. The company generates the majority of its revenue from Real estate services.

Employees: 4,693

Real Estate Real Estate Agents & Managers (For Others)

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 5 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

31% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 65

18% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 34

3% more funds holding

Funds holding: 228 [Q1] → 234 (+6) [Q2]

3.36% less ownership

Funds ownership: 58.83% [Q1] → 55.46% (-3.36%) [Q2]

15% less capital invested

Capital invested by funds: $467M [Q1] → $398M (-$68.3M) [Q2]

56% less call options, than puts

Call options by funds: $28.1M | Put options by funds: $64.6M

See Fund Rankings

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$7

34%

downside

Avg. target

$10

5%

downside

High target

$15

42%

upside

5 analyst ratings

2 positive

40%

3 neutral

60%

0 negative

0%

B. Riley Securities Naved Khan 57% 1-year accuracy 13 / 23 met price target	42%upside $15	Buy Maintained	30 Sept 2024
B. Riley Securities Naved Khan 57% 1-year accuracy 13 / 23 met price target	23%upside $13	Buy Upgraded	3 Sept 2024
JP Morgan Dae Lee 100% 1-year accuracy 3 / 3 met price target	34%downside $7	Neutral Maintained	8 Aug 2024
Susquehanna Shyam Patil 79% 1-year accuracy 44 / 56 met price target	34%downside $7	Neutral Maintained	8 Aug 2024
Wedbush Jay McCanless 53% 1-year accuracy 28 / 53 met price target	24%downside $8	Neutral Reiterated	7 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 27 articles about RDFN published over the past 30 days

Redfin Reports Rising Mortgage Rates Haven't Yet Slowed Pending Sales

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending U.S. home sales rose 3.2% year over year during the four weeks ending October 13, the biggest increase in three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home sales are rising. On a local level, pending sales are up in 34 of the 50 most populous U.S. metros, with the biggest increases in California and in Portland, OR. Sales have improved over the last month because mortgage rates f.

Redfin Reports Rising Mortgage Rates Haven't Yet Slowed Pending Sales

Redfin Expands Free Rental Tools Nationwide

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate company, has expanded its rental listing tool nationwide. Homeowners, investors, property managers and agents anywhere in the U.S. can now list rental properties for free on Redfin, connect with interested renters searching on Redfin's family of sites, and manage the application and renter screening process all in one place. “Whether you're renting your home out for the first time or you're a.

Redfin Expands Free Rental Tools Nationwide

Nearly One-Third of U.S. Renters Rank Housing Affordability As a Top-Three Issue in the Presidential Election: Redfin Survey

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Nearly one-third (31.6%) of U.S. renters say housing affordability is a top-three issue when it comes to which candidate they'll support in the upcoming presidential election, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin published three separate reports today about the intersection of housing and the upcoming presidential election, all based on a Redfin-commissioned survey conducted by Ipsos i.

Nearly One-Third of U.S. Renters Rank Housing Affordability As a Top-Three Issue in the Presidential Election: Redfin Survey

Nearly 1 in 10 Gen Zers Who Plan to Move Soon Cite Abortion Access as a Reason: Redfin Survey

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Seven percent of Gen Zers who plan to move soon say one reason is to live in a place where abortion is legal and accessible, and one in 20 (5%) millennials say the same thing, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. At least 50% of respondents across every generation said they want to live somewhere abortion is legal, with millennials leading the way; 59% said they want to live in such a place,.

Nearly 1 in 10 Gen Zers Who Plan to Move Soon Cite Abortion Access as a Reason: Redfin Survey

Redfin Reports Asking Rents Tick Up 0.6%, With East Coast and Midwest Metros Posting Biggest Increases

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The typical U.S. asking rent ticked up 0.6% year over year in September to $1,634, with several East Coast and Midwestern metros seeing the biggest increases. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were down 0.2% on a month-over-month basis. The median rent has stayed largely flat for the past two years, ranging between $1,599 and $1,663—including sitting in a tight window between.

Redfin Reports Asking Rents Tick Up 0.6%, With East Coast and Midwest Metros Posting Biggest Increases

Redfin Reports Pending Home Sales Post Biggest Increase Since 2021

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending U.S. home sales rose 2% from a year earlier during the four weeks ending October 6, the biggest increase in three years, according to a new report from Redfin, the technology-powered real estate brokerage. Demand picked up at earlier stages of the homebuying process, too. Redfin's Homebuyer Demand Index–a measure of tours and other buying services from Redfin agents–sat near its highest level since May last week, and mortgage-purchase applicati.

Redfin Reports Pending Home Sales Post Biggest Increase Since 2021

Redfin Survey: Nearly One-Third of Young Adults Say Hurricane Helene Has Made Them Reconsider Where They Want to Live in the Future

SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) —Nearly one-third (32%) of U.S. residents aged 18-34 say they're reconsidering where they want to move in the future after seeing or hearing about the damage caused by Hurricane Helene, according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage. That compares with 15% of respondents aged 35 and older. Redfin's report is based on a commissioned survey conducted by Ipsos on Oct. 2-3, 2024. The nationally rep.

Redfin Survey: Nearly One-Third of Young Adults Say Hurricane Helene Has Made Them Reconsider Where They Want to Live in the Future

CNBC Television

Redfin CEO on housing demand: 'Better days are ahead, but we're not out of the woods yet'

Glenn Kelman, Redfin CEO, discusses interest rates' impact on home sales and how inventory shortage could affect the market.

Redfin CEO on housing demand: 'Better days are ahead, but we're not out of the woods yet'

CNBC Television

Redfin CEO: Inventory will be the gating factor for home sales in 2025

Glenn Kelman, Redfin CEO, joins 'Money Movers' to discuss Kelman's view of the housing market in September, the magic rate number that could get homebuyers back into the market, and what it'll take for more inventory to hit the market.

Redfin CEO: Inventory will be the gating factor for home sales in 2025

Redfin Reports September Was a Turning Point For Demand, With Pending Home Sales Flat After 9 Months of Declines and Tours Hitting Highest Level Since April

SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending U.S. home sales were flat from a year earlier during the four weeks ending September 29, marking the first time since January pending sales didn't decline. That's according to a new report from Redfin, the technology-powered real estate brokerage. It's worth noting that we're comparing to a period last year when sales slumped as mortgage rates surged into the mid-7% range. Pending sales increased year over year in 27 of the 50 most populous U.S.

Redfin Reports September Was a Turning Point For Demand, With Pending Home Sales Flat After 9 Months of Declines and Tours Hitting Highest Level Since April

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