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Redfin (RDFN)
NASDAQ:RDFN
Redfin (RDFN) Stock Price & Analysis
1,877 Followers
RDFN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$4.26 - $17.68
Previous Close$5.96
Volume3.59M
Average Volume (3M)4.39M
Market Cap
$712.05M
Enterprise Value$1.49B
Total Cash (Recent Filing)$191.71M
Total Debt (Recent Filing)$965.12M
Price to Earnings (P/E)―
Beta3.70
Next Earnings
Aug 01, 2024EPS Estimate
-$0.26Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.18
Shares Outstanding119,470,881
10 Day Avg. Volume4,559,412
30 Day Avg. Volume4,389,608
Standard Deviation0.24
R-Squared0.34
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)-1.25
Price to Sales (P/S)0.74
Price to Cash Flow (P/CF)-5.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.36
Enterprise Value/Gross Profit4.50
Enterprise Value/Ebitda-30.93
Forecast
1Y Price Target
$6.73Price Target Upside11.98% Upside
Rating ConsensusHold
Number of Analyst Covering12
Redfin News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceRedfin reported a better-than-expected 1Q on both the top and bottom lines, with 2Q guidance also coming ahead on revs.
Market ExpansionRDFN expects market share growth as they continue to expand RDFN Next into additional markets.
Sales InitiativesRecent launch of new sales initiatives including All You Can Meet and Sign and Save is seen as beneficial.
Bears Say
Cash FlowConcerns about the ability to generate sufficient cash flow over the next few years, with convertible and other debt remaining an overhang on the stock.
Market CompetitionOngoing reductions in agent numbers and marketing expenditures could pose challenges in competing against larger brokerages when the market rebounds.
Volume GrowthManagement noted a recent uptick in rates has slowed new listings and will weigh on volume growth.
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Ownership Overview
9.04% Insiders
23.85% Mutual Funds
16.96% Other Institutional Investors
50.15% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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RDFN FAQ
What was Redfin’s price range in the past 12 months?
Redfin lowest stock price was $4.26 and its highest was $17.68 in the past 12 months.
What is Redfin’s market cap?
Currently, no data Available
When is Redfin’s upcoming earnings report date?
Redfin’s upcoming earnings report date is Aug 01, 2024 which is in 26 days.
How were Redfin’s earnings last quarter?
Redfin released its earnings results on May 07, 2024. The company reported -$0.57 earnings per share for the quarter, beating the consensus estimate of -$0.58 by $0.01.
Is Redfin overvalued?
According to Wall Street analysts Redfin’s price is currently Undervalued.
Does Redfin pay dividends?
Redfin does not currently pay dividends.
What is Redfin’s EPS estimate?
Redfin’s EPS estimate is -$0.26.
How many shares outstanding does Redfin have?
Redfin has 119,470,880 shares outstanding.
What happened to Redfin’s price movement after its last earnings report?
Redfin reported an EPS of -$0.57 in its last earnings report, beating expectations of -$0.58. Following the earnings report the stock price went down -1.884%.
Which hedge fund is a major shareholder of Redfin?
Among the largest hedge funds holding Redfin’s share is Graham Capital Management, L.P.. It holds Redfin’s shares valued at 486K.
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Redfin Stock Smart Score
Unlock Smart Score
1
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8
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10
Analyst Consensus
Hold
Average Price Target:
$6.73 (11.98% Upside)
$6.73 (11.98% Upside)
Blogger Sentiment
Bullish
RDFN Sentiment 66%
Sector Average 63%
Sector Average 63%
Hedge Fund Trend
Decreased
By 208.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $167.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 1.0%
Last 30 Days ▼ 1.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-55.42%
12-Months-Change
Fundamentals
Return on Equity
-495.74%
Trailing 12-Months
Asset Growth
-20.92%
Trailing 12-Months
Company Description
Redfin
Redfin Corp. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.
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RDFN Company Deck
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RDFN Earnings Call
Q1 2024
0:00 / 0:00
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RDFN Revenue Breakdown
59.31% Real estate services brokerage
18.92% Rentals
13.73% Mortgage
4.03% Real estate services partner
4.01% Other
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RDFN Stock 12 Month Forecast
Average Price Target
$6.73
▲(11.98% Upside)
Technical Analysis
Best Analysts Covering RDFN
1 Year
1 Year Success Rate
12/25 ratings generated profit
1 Year Average Return
-8.56%
reiterated a sell rating 2 months ago
Copying Thomas Champion's trades and holding each position for 1 Year would result in 48.00% of your transactions generating a profit, with an average return of -8.56% per trade.
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