Real Estate - Real Estate - Services - NASDAQ - US
$ 8.37
-3.9 %
$ 1.04 B
Market Cap
-6.59
P/E
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells homes. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.[ Read More ]
The intrinsic value of one RDFN stock under the base case scenario is HIDDEN Compared to the current market price of 8.37 USD, Redfin Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart RDFN
FINANCIALS
977 M
REVENUE
-210 M
OPERATING INCOME
-130 M
NET INCOME
56.8 M
OPERATING CASH FLOW
97.5 M
INVESTING CASH FLOW
-245 M
FINANCING CASH FLOW
278 M
REVENUE
-27 M
OPERATING INCOME
-33.8 M
NET INCOME
-42.1 M
OPERATING CASH FLOW
-2.19 M
INVESTING CASH FLOW
7.6 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Redfin Corporation
| Current Assets | 445 M |
| Cash & Short-Term Investments | 196 M |
| Receivables | 51.7 M |
| Other Current Assets | 197 M |
| Non-Current Assets | 709 M |
| Long-Term Investments | 3.15 M |
| PP&E | 78.2 M |
| Other Non-Current Assets | 627 M |
| Current Liabilities | 268 M |
| Accounts Payable | 10.5 M |
| Short-Term Debt | 168 M |
| Other Current Liabilities | 90.4 M |
| Non-Current Liabilities | 843 M |
| Long-Term Debt | 842 M |
| Other Non-Current Liabilities | 264 K |
EFFICIENCY
Earnings Waterfall
Redfin Corporation
| Revenue | 977 M |
| Cost Of Revenue | 647 M |
| Gross Profit | 330 M |
| Operating Expenses | 540 M |
| Operating Income | -210 M |
| Other Expenses | -80.1 M |
| Net Income | -130 M |
RATIOS
33.77%
GROSS MARGIN
-21.51%
OPERATING MARGIN
-13.31%
NET MARGIN
-304.46%
ROE
-11.27%
ROA
-21.01%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Redfin Corporation
| Net Income | -130 M |
| Depreciation & Amortization | 62.9 M |
| Capital Expenditures | -12.1 M |
| Stock-Based Compensation | 70.9 M |
| Change in Working Capital | 84.1 M |
| Others | -63.2 M |
| Free Cash Flow | 44.7 M |
Wall Street Analysts Price Targets
Redfin Corporation
Wall Street analysts predict an average 1-year price target for RDFN of $9.56 , with forecasts ranging from a low of $7.25 to a high of $11.5 .
RDFN Lowest Price Target
Wall Street Target
7.25 USD
-13.38%
RDFN Average Price Target
Wall Street Target
9.56 USD
14.25%
RDFN Highest Price Target
Wall Street Target
11.5 USD
37.40%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Redfin Corporation
Sold
0-3 MONTHS
282 K USD 3
3-6 MONTHS
168 K USD 3
6-9 MONTHS
183 K USD 3
9-12 MONTHS
984 K USD 5
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
196 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
2 months ago
Aug 23, 2024
|
Sell 170 K USD
|
Frey Bridget
Chief Technology Officer |
- 17039
|
10 USD |
|
2 months ago
Aug 21, 2024
|
Sell 33.6 K USD
|
Taubman Christian John
Chief Growth Officer |
- 3632
|
9.25 USD |
|
2 months ago
Aug 21, 2024
|
Sell 78 K USD
|
Kappus Anthony Ray
Chief Legal Officer |
- 8417
|
9.27 USD |
|
5 months ago
May 21, 2024
|
Sell 25.3 K USD
|
Taubman Christian John
Chief Growth Officer |
- 3632
|
6.9613 USD |
|
5 months ago
May 21, 2024
|
Sell 81 K USD
|
STEVENS ANNA
Chief Human Resources Officer |
- 11632
|
6.9627 USD |
|
5 months ago
May 21, 2024
|
Sell 61.4 K USD
|
Kappus Anthony Ray
Chief Legal Officer |
- 8816
|
6.9629 USD |
|
8 months ago
Mar 06, 2024
|
Bought 196 K USD
|
KELMAN GLENN
Chief Executive Officer |
+ 30500
|
6.4129 USD |
|
8 months ago
Mar 01, 2024
|
Sell 54.6 K USD
|
Taubman Christian John
Chief Growth Officer |
- 7916
|
6.8964 USD |
|
8 months ago
Feb 22, 2024
|
Sell 73.6 K USD
|
STEVENS ANNA
Chief Human Resources Officer |
- 10851
|
6.7823 USD |
|
8 months ago
Feb 22, 2024
|
Sell 55.2 K USD
|
Kappus Anthony Ray
Chief Legal Officer |
- 8135
|
6.7818 USD |
|
11 months ago
Dec 15, 2023
|
Sell 98.8 K USD
|
Nielsen Christopher John
Chief Financial Officer |
- 10000
|
9.8836 USD |
|
11 months ago
Dec 14, 2023
|
Sell 135 K USD
|
Frey Bridget
Chief Technology Officer |
- 15000
|
9 USD |
|
11 months ago
Dec 14, 2023
|
Sell 109 K USD
|
Frey Bridget
Chief Technology Officer |
- 10915
|
10 USD |
|
11 months ago
Nov 30, 2023
|
Sell 394 K USD
|
STEVENS ANNA
Chief Human Resources Officer |
- 55402
|
7.1033 USD |
|
11 months ago
Nov 22, 2023
|
Sell 58 K USD
|
Kappus Anthony Ray
Chief Legal Officer |
- 8815
|
6.5742 USD |
|
11 months ago
Nov 21, 2023
|
Sell 126 K USD
|
Taubman Christian John
Chief Growth Officer |
- 19312
|
6.5051 USD |
|
1 year ago
Nov 15, 2023
|
Sell 64 K USD
|
Nielsen Christopher John
Chief Financial Officer |
- 10000
|
6.396 USD |
|
1 year ago
Oct 16, 2023
|
Sell 58.9 K USD
|
Nielsen Christopher John
Chief Financial Officer |
- 10000
|
5.8896 USD |
|
1 year ago
Sep 15, 2023
|
Sell 84.2 K USD
|
Nielsen Christopher John
Chief Financial Officer |
- 10000
|
8.4244 USD |
|
1 year ago
Aug 30, 2023
|
Sell 210 K USD
|
Kappus Anthony Ray
Chief Legal Officer |
- 23237
|
9.018 USD |
|
1 year ago
Aug 15, 2023
|
Sell 153 K USD
|
Frey Bridget
Chief Technology Officer |
- 15000
|
10.1979 USD |
|
1 year ago
May 26, 2023
|
Sell 1.63 M USD
|
Nielsen Christopher John
Chief Financial Officer |
- 174588
|
9.3359 USD |
|
1 year ago
Apr 10, 2023
|
Sell 87.5 K USD
|
Taubman Christian John
Chief Growth Officer |
- 10000
|
8.7512 USD |
|
1 year ago
Mar 02, 2023
|
Sell 21.7 K USD
|
Kappus Anthony Ray
Chief Legal Officer |
- 3110
|
6.99 USD |
|
1 year ago
Feb 22, 2023
|
Sell 6.65 K USD
|
Kappus Anthony Ray
Chief Legal Officer |
- 795
|
8.36 USD |
|
1 year ago
Feb 21, 2023
|
Bought 305 K USD
|
KELMAN GLENN
Chief Executive Officer |
+ 35335
|
8.623 USD |
|
1 year ago
Feb 01, 2023
|
Bought 49.8 K USD
|
Slavet James
Director |
+ 6667
|
7.4706 USD |
|
1 year ago
Jan 09, 2023
|
Sell 55.5 K USD
|
Taubman Christian John
Chief Growth Officer |
- 11104
|
4.9948 USD |
|
1 year ago
Jan 03, 2023
|
Bought 30 K USD
|
Slavet James
Director |
+ 6667
|
4.4941 USD |
|
1 year ago
Dec 01, 2022
|
Bought 36.4 K USD
|
Slavet James
Director |
+ 6667
|
5.4661 USD |
|
1 year ago
Nov 22, 2022
|
Sell 6.14 K USD
|
Kappus Anthony Ray
Chief Legal Officer |
- 1331
|
4.61 USD |
7. News
Existing Home Sales Post Biggest Increase in Nearly Three Years
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) —Existing home sales rose 1.6% month over month in October—the biggest gain since January 2022—to a seasonally adjusted annual rate of 4,179,346. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They climbed 1.7% year over year—the first annual increase since November 2021—and are on track to finish the year slightly higher than they finished last year (4,093,102). Overall home sales, which include.
businesswire.com
- 1 day ago
Redfin Lost Market Share, Missed Estimates and Cut Its Outlook. Its Stock Is Falling
Redfin (RDFN) shares sank Friday after the online real estate business posted worse-than-expected results and lowered its guidance as it lost market share in the U.S.
investopedia.com
- 1 week ago
Sweetgreen Posts Downbeat Results, Joins Evolent Health, Redfin, Pinterest And Other Big Stocks Moving Lower In Friday's Pre-Market Session
U.S. stock futures were slightly lower this morning, with the Nasdaq futures falling around 0.2% on Friday.
benzinga.com
- 1 week ago
Redfin Corporation (RDFN) Q3 2024 Earnings Call Transcript
Redfin Corporation (NASDAQ:RDFN ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Meg Nunnally - Head, IR Glenn Kelman - CEO Chris Nielsen - CFO Conference Call Participants Ygal Arounian - Citi Curtis Nagle - Bank of America John Campbell - Stephens Jay McCanless - Wedbush Operator Good day, ladies and gentlemen and welcome to the Redfin Corporation Quarter Three 2024 Earnings Conference Call. All lines have been placed on a listen-only mode and the floor will be open for questions and comments following the presentation.
seekingalpha.com
- 1 week ago
Redfin (RDFN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Redfin (RDFN) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 1 week ago
Redfin (RDFN) Reports Q3 Loss, Misses Revenue Estimates
Redfin (RDFN) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.17 per share a year ago.
zacks.com
- 1 week ago
Seeking Clues to Redfin (RDFN) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics
Get a deeper insight into the potential performance of Redfin (RDFN) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
zacks.com
- 1 week ago
Redfin Reports The Number of Renter Households Is Growing Three Times Faster Than Homeowner Households
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — The number of renter households rose 2.7%, in the third quarter year over year, to a record 45.6 million. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That rate of growth is three times faster than the 0.9% increase in homeowner households, which now total a record 86.9 million. The 2.7% increase—representing 1.18 million additional renter households—was the second fastest pace since 2015, onl.
businesswire.com
- 1 week ago
Redfin Survey: 38% of People Who Already Voted Say Housing Affordability Impacted Their Presidential Pick
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Just under two in five (38%) U.S. residents who had already voted as of November 1 say housing affordability impacted their presidential pick. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The findings in this report are from a Redfin-commissioned survey conducted by Ipsos on Oct. 31-Nov. 1, 2024. The nationally representative survey was fielded to 1,002 U.S. adults. Kamala Harris voters were m.
businesswire.com
- 1 week ago
Redfin Reports 28% of Houses For Sale Are Newly Built, the Lowest Share in 3 Years
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Newly built homes made up 28% of single-family homes for sale nationwide in the third quarter, the lowest level in three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 30.5% a year earlier and a record-high 34.4% at the start of 2022. The share of houses for sale that are newly built has dropped from its peak for several reasons: More existing inventory has hit the market. The t.
businesswire.com
- 2 weeks ago
Real Estate Agent Commissions Hold Steady Since New Industry Rules Were Implemented, Redfin Reports
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) Commissions paid to real estate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17, according to a new analysis from Redfin, the technology-powered real estate brokerage. The average buyer's agent commission for homes sold in October was 2.34%, ticking down just one basis point from 2.35% for homes sold in August, when the new changes took effect. That's down from an average of 2.45.
businesswire.com
- 2 weeks ago
Redfin Reports Roughly One-Third of Renters Have an Apartment That Costs Less Than $1,000 a Month—the Lowest Share on Record
SEATTLE--(BUSINESS WIRE)-- #housingmarket--(NASDAQ: RDFN) — Less than one-third (32.1%) of renter households pay under $1,000 in monthly rent—the lowest share on record, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's down from 35.2% in 2022 and 50.4% in 2012. The lion's share (47.9%) of renter households pay between $1,000 and $1,999, while 14.4% pay $2,000-$2,999 and 5.7% pay $3,000 or more. Redfin's report is based on an analysis of U.S. Census Bureau.
businesswire.com
- 2 weeks ago
8. Profile Summary
Redfin Corporation RDFN
COUNTRY
US
INDUSTRY
Real Estate - Services
MARKET CAP
$ 1.04 B
Dividend Yield
0.00%
Description
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells homes. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.
Contact
1099 Stewart Street, Seattle, WA, 98101
https://www.redfin.com
IPO Date
July 28, 2017
Employees
4693
Officers
Mr. Keith A. Broxterman
Senior Vice-President of Real Estate Support
Ms. Bridget Jean Frey
Chief Technology Officer
Mr. Christopher Nielsen
Chief Financial Officer
Ms. Meg Nunnally
Head of Investor Relations
Ms. Daryl Fairweather Ph.D.
Chief Economist
Mr. Glenn Kelman
President, Chief Executive Officer & Director
Ms. Karen S. Krupsaw
Senior Vice President of Real Estate Operations
Ms. Anna Stevens
Chief Human Resources Officer
Mr. Anthony Ray Kappus
Chief of Legal Affairs & Digital Revenue
Mr. Christian John Taubman
Chief Growth Officer