RedfinRDFN
RDFN
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
131% more capital invested
Capital invested by funds: $417M [Q2] → $961M (+$545M) [Q3]
60% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 35
20% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 64
9% more funds holding
Funds holding: 234 [Q2] → 255 (+21) [Q3]
5.02% more ownership
Funds ownership: 57.99% [Q2] → 63.01% (+5.02%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
27% less call options, than puts
Call options by funds: $117M | Put options by funds: $160M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$7.25
15%
downside
Avg. target
$10.29
21%
upside
High target
$15
76%
upside
6 analyst ratings
1 positive
17%
5 neutral
83%
0 negative
0%
DA Davidson Tom White 48% 1-year accuracy 11 / 23 met price target | 15%downside $7.25 | Neutral Maintained | 19 Nov 2024 |
JP Morgan Dae Lee 100% 1-year accuracy 3 / 3 met price target | 6%downside $8 | Neutral Maintained | 12 Nov 2024 |
Susquehanna Shyam Patil 79% 1-year accuracy 45 / 57 met price target | 17%upside $10 | Neutral Maintained | 11 Nov 2024 |
Wedbush Jay McCanless 74% 1-year accuracy 51 / 69 met price target | 17%upside $10 | Neutral Maintained | 8 Nov 2024 |
Jefferies John Colantuoni 67% 1-year accuracy 12 / 18 met price target | 35%upside $11.50 | Hold Maintained | 22 Oct 2024 |
Financial journalist opinion
Based on 18 articles about RDFN published over the past 30 days
Neutral
Business Wire
2 days ago
Homebuyers With Kids Are Twice as Likely to Get Family Help for Down Payments Than Those Without Kids
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — One-quarter (25%) of recent homebuyers who have kids living at home received a cash gift from family to help fund their down payment, more than double the 12% of recent buyers without kids who received such a gift, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage. Homeowners with kids living under their roof are also more likely to receive family help for mortgage payments. One in six (17%) homeowners wit.
Neutral
Business Wire
2 days ago
Redfin Reports More Sellers Are Listing Their Homes, Hoping to Cash in on High Prices and Demand From Buyers
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — New listings of homes for sale are up 7.6%, the biggest year-over-year increase since June (except the four weeks ending November 24, when the increase was inflated due to Thanksgiving), according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is based on data from the four weeks ending December 15. There are several reasons more sellers are putting their homes on the market. One, home prices are high; the.
Positive
Market Watch
2 days ago
Why one of the biggest U.S. mortgage lenders expects housing demand to double in 2025
Home buyers are expected to see more for-sale listings and lower mortgage rates in 2025.
Neutral
Business Wire
3 days ago
Existing Home Sales Rise to Highest Level in Over a Year and a Half
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Existing home sales rose 0.7% month over month in November to a seasonally adjusted annual rate of 4,269,85—the highest level since March 2023. They jumped 4.5% year over year—the largest annual increase since July 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A seasonally adjusted annual rate is not a measurement of actual total sales for the year, but rather, the pace of sales at a given time.
Neutral
Business Wire
5 days ago
Redfin Reports Older Americans Are More Likely to Buy Disaster-Prone Homes Than Younger Americans
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Older Americans are more likely than younger Americans to buy homes in places with significant climate risk, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Over one-third (36.9%) of home purchases made by people 65 and older last year were in counties with high risk of extreme heat, compared with less than one-third (32.3%) of home purchases made by people under 35. The trend holds true for flood and f.
Neutral
Business Wire
5 days ago
Redfin Reports Asking Rents for Newly Built Apartments Rise 1.5%, the Biggest Spike in 18 Months
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Asking rents for newly constructed apartments rose 1.5%—the biggest year-over-year increase in 18 months—to a median $1,802 in the third quarter. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The rise in rents came after two consecutive quarters where rents for new apartments fell by more than 7%. The median rent for newly constructed apartments bounced back above $1,800 in the third quarter fo.
Neutral
Business Wire
1 week ago
Renters Are Less Likely Than Homeowners to Feel a Sense of Belonging in Their Neighborhood
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Less than half (46.7%) of U.S. renters feel a sense of belonging in their neighborhood, compared with almost two-thirds (63.6%) of homeowners, according to a new survey from Redfin (redfin.com), the technology-powered real estate brokerage. Just 38.9% of renters feel they have things in common with their neighbors, compared with 58.5% of homeowners. And renters are more likely to avoid neighbors; 41.6% try to avoid interacting with their neighbors, ver.
Neutral
Business Wire
1 week ago
Redfin Reports Homebuying Demand Sitting Near Highest Level Since Early Spring As Mortgage Rates Fall
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home tours, mortgage applications and pending sales are rising as mortgage rates decline from the four-month high they hit in late November, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Mortgage rates are declining after last week's cooler-than-expected jobs report made it clear the Fed will cut interest rates again this month. The average weekly rate is 6.69%, down from a four-month high of 6.84% tw.
Neutral
Business Wire
1 week ago
Redfin Reports Asking Rents Fall 0.7% to Lowest Level Since March 2022
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The median U.S. asking rent fell 0.7% year over year in November to $1,595, the lowest level since March 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were down 1.1% on a month-over-month basis. The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in August 2022. Highlighting improved rental affordability, November marked the 19th consecutive month where the.
Neutral
Business Wire
1 week ago
Redfin Reports Renters on a $2,000 Budget Can Afford 70 More Square Feet Than They Could During the Pandemic—Enough for a Small Office
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — A U.S. renter on a $2,000-a-month budget can afford an apartment that is more than 70 square feet larger today than it was when rents peaked in mid-2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median U.S. apartment asking rent in October was $1,615. That equates to a median price per square foot of $1.81, meaning the projected apartment size for a $2,000 budget would be 1,103 square.
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