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 6,823 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
130% more capital invested
Capital invested by funds: $419M [Q2] → $965M (+$546M) [Q3]
81% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 31
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]
4.94% more ownership
Funds ownership: 58.34% [Q2] → 63.28% (+4.94%) [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
6%
downside
Avg. target
$9.29
21%
upside
High target
$11.50
50%
upside
6 analyst ratings
0 positive
0%
6 neutral
100%
0 negative
0%
Citigroup Ygal Arounian 57% 1-year accuracy 12 / 21 met price target | 17%upside $9 | Neutral Maintained | 3 Jan 2025 |
DA Davidson Tom White 58% 1-year accuracy 14 / 24 met price target | 6%downside $7.25 | Neutral Maintained | 19 Nov 2024 |
JP Morgan Dae Lee 100% 1-year accuracy 3 / 3 met price target | 4%upside $8 | Neutral Maintained | 12 Nov 2024 |
Susquehanna Shyam Patil 70% 1-year accuracy 40 / 57 met price target | 30%upside $10 | Neutral Maintained | 11 Nov 2024 |
Wedbush Jay McCanless 76% 1-year accuracy 53 / 70 met price target | 30%upside $10 | Neutral Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 17 articles about RDFN published over the past 30 days
Neutral
Business Wire
3 days ago
The Palisades and Eaton Fires in Los Angeles Have Destroyed 14% of Homes Within the Fire Perimeters
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Roughly one of every seven (14%) homes within the perimeters of the Palisades and Eaton fires in the Los Angeles area have been destroyed or damaged. That's a total of 6,354 homes; of those, 5,449 (86%) were destroyed, and 905 (14%) were damaged. This is according to a new analysis from Redfin (redfin.com), the technology-powered real estate brokerage. Zooming out to all of Los Angeles County, 0.17% of all homes were destroyed or damaged by the Palisad.
Neutral
Business Wire
3 days ago
Pending Home Sales Fell the Most Since 2022 in December as Mortgage Rates Jumped
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Pending home sales fell 4.5% month over month in December on a seasonally adjusted basis—the largest decline since October 2022—and dropped 2.3% year over year. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Homebuyer demand dipped at the end of the year because mortgage rates jumped. After inching downward at the beginning of the month, mortgage rates reversed course halfway through December a.
Positive
Zacks Investment Research
4 days ago
Why Investors Need to Take Advantage of These 2 Finance Stocks Now
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Neutral
Business Wire
4 days ago
Redfin Reports Pending Home Sales Decline Due to High Housing Costs, California Wildfires and Frigid Weather in Other Parts of U.S.
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Home tours and pending sales are falling as devastating wildfires burn in Southern California, extreme cold and snow hit the Northeast, Midwest and South, and housing costs rise across the country. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin's Homebuyer Demand Index—a seasonally adjusted measure of tours and requests for other buying services from Redfin agents—is down 11% month over m.
Neutral
CNBC Television
1 week ago
Redfin CEO: LA is going to look completely different after it is rebuilt
"LA is going to look completely different" after it is rebuilt, Redfin CEO Glenn Kelman says.
Negative
CNBC Television
1 week ago
Redfin CEO Glenn Kelman on LA fires: Rebuilding these homes will take a long time
Redfin CEO Glenn Kelman joins CNBC's The Exchange to discuss the impact of California wildfires on real estate, allegations of landlords price-gouging on rents, and more.
Negative
GeekWire
1 week ago
Redfin lays off 46 employees in latest cuts at Seattle real estate company
Redfin laid off 46 employees on Thursday, in another round of job cuts at the Seattle-based real estate company.
Neutral
Business Wire
1 week ago
Redfin Reports U.S. Asking Rents Ended 2024 at the Lowest Level in Nearly Three Years
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN)—The median U.S. asking rent fell 0.3% year over year in December to $1,594—the lowest level since March 2022. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median asking rent was down 0.1% from a month earlier, and down 6.2% from its August 2022 record high of $1,700. The median asking rent per square foot dropped 1.9% year over year in December to $1.78, and fell 0.1% month over month. Askin.
Neutral
Business Wire
1 week ago
Redfin Reports Home Tours Rise Modestly to Start 2025, But That Hasn't Translated to More Sales
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN)—More house hunters are starting their home search as the new year kicks off, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Redfin's Homebuyer Demand Index—a seasonally adjusted measure of tours and other buying services from Redfin agents—posted a small 2% increase from a month earlier during the week ending January 5, and it's also up 2% year over year. There are several reasons a few more buyers are o.
Neutral
Business Wire
1 week ago
Redfin Survey: More Than One-Third of Homeowners Say They'll Never Sell
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — More than one-third (34%) of U.S. homeowners say they'll never sell their home, and another 27% say they wouldn't consider selling for at least 10 years. That's according to a new survey commissioned by Redfin (redfin.com), the technology-powered real estate brokerage. Roughly one-quarter (24%) of homebuyers plan to sell in five to 10 years, while just 8% plan to sell in three to five years and 7% within the next three years. Broken down by generation,.
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