Stock Ideas
New
Stocks
Funds
Screener
Sectors
Watchlists
RDFN

RDFN - Redfin Corp Stock Price, Fair Value and News

7.53USD-0.12 (-1.57%)Market Closed

Market Summary

RDFN
USD7.53-0.12
Market Closed
-1.57%

RDFN Alerts

  • Big fall in Revenue (Y/Y)
  • Losses in recent quarter

RDFN Stock Price

View Fullscreen

RDFN RSI Chart

RDFN Valuation

Market Cap

899.6M

Price/Earnings (Trailing)

-6.61

Price/Sales (Trailing)

0.96

Price/Free Cashflow

-31.43

RDFN Price/Sales (Trailing)

RDFN Profitability

Return on Equity

297.27%

Return on Assets

-12.7%

Free Cashflow Yield

-3.18%

RDFN Fundamentals

RDFN Revenue

Revenue (TTM)

932.3M

Rev. Growth (Yr)

-30.76%

Rev. Growth (Qtr)

38.94%

RDFN Earnings

Earnings (TTM)

-136.0M

Earnings Growth (Yr)

-9.83%

Earnings Growth (Qtr)

-191.61%

Breaking Down RDFN Revenue

Last 7 days

5.5%

Last 30 days

42.6%

Last 90 days

4.7%

Trailing 12 Months

-30.1%

How does RDFN drawdown profile look like?

RDFN Financial Health

Current Ratio

1.33

Debt/Equity

-14.02

Debt/Cashflow

-0.02

RDFN Investor Care

Shares Dilution (1Y)

7.82%

Diluted EPS (TTM)

-1.19

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024932.3M000
20231.2B1.1B1.1B1.0B
20221.2B1.3B1.4B1.5B
2021963.4M1.2B1.5B1.1B
2020860.6M876.5M874.8M886.1M
2019517.2M572.3M670.7M779.8M
2018390.1M427.8M458.5M486.9M
2017285.4M312.6M341.1M370.0M
20160214.0M240.6M267.2M
2015000187.3M
GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

PurpleZone


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks
Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Redfin Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Mar 06, 2024
kelman glenn
bought
195,593
6.4129
30,500
chief executive officer
Mar 01, 2024
taubman christian john
sold
-54,591
6.8964
-7,916
chief growth officer
Feb 22, 2024
stevens anna
sold
-73,594
6.7823
-10,851
chief human resources officer
Feb 22, 2024
kappus anthony ray
sold
-55,169
6.7818
-8,135
chief legal officer
Feb 20, 2024
kappus anthony ray
sold (taxes)
-24,492
6.96
-3,519
chief legal officer
Feb 20, 2024
stevens anna
acquired
-
-
16,580
chief human resources officer
Feb 20, 2024
nielsen christopher john
sold (taxes)
-32,002
6.96
-4,598
chief financial officer
Feb 20, 2024
frey bridget
acquired
-
-
14,664
chief technology officer
Feb 20, 2024
nielsen christopher john
acquired
-
-
15,402
chief financial officer
Feb 20, 2024
taubman christian john
sold (taxes)
-24,415
6.96
-3,508
chief growth officer

1–10 of 50

Which funds bought or sold RDFN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
May 16, 2024
COMERICA BANK
reduced
-93.71
-14,000
592
-%
May 16, 2024
Virtus Investment Advisers, Inc.
new
-
451,535
451,535
0.32%
May 16, 2024
Garner Asset Management Corp
sold off
-100
-47,722
-
-%
May 16, 2024
JANE STREET GROUP, LLC
sold off
-100
-504,616
-
-%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-29.56
-3,694,320
3,070,330
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-3.98
-470,257
763,107
-%
May 15, 2024
ALGERT GLOBAL LLC
sold off
-100
-1,252,000
-
-%
May 15, 2024
CAPTRUST FINANCIAL ADVISORS
sold off
-100
-110,195
-
-%
May 15, 2024
GTS SECURITIES LLC
reduced
-79.57
-549,757
83,344
-%
May 15, 2024
AQR CAPITAL MANAGEMENT LLC
reduced
-31.95
-888,302
693,641
-%

1–10 of 30

Are Funds Buying or Selling RDFN?

Are funds buying RDFN calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own RDFN
No. of Funds

Unveiling Redfin Corp's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
14.96%
17,238,307
SC 13G/A
Feb 06, 2024
goldman sachs group inc
5.0%
5,768,651
SC 13G
Jan 25, 2024
blackrock inc.
8.4%
9,720,089
SC 13G/A
Dec 11, 2023
bares capital management, inc.
7.57%
7,678,676
SC 13G/A
Nov 09, 2023
baillie gifford & co
0.02%
22,023
SC 13G/A
Feb 14, 2023
bares capital management, inc.
18.28%
19,883,921
SC 13G/A
Feb 13, 2023
durable capital partners lp
4.2%
4,620,405
SC 13G/A
Feb 09, 2023
janus henderson group plc
0.0%
18,940
SC 13G/A
Feb 09, 2023
vanguard group inc
13.17%
14,318,508
SC 13G/A
Jan 31, 2023
blackrock inc.
7.1%
7,751,994
SC 13G/A

Recent SEC filings of Redfin Corp

View All Filings
Date Filed Form Type Document
May 16, 2024
4
Insider Trading
May 07, 2024
10-Q
Quarterly Report
May 07, 2024
8-K
Current Report
May 06, 2024
8-K
Current Report
Apr 26, 2024
3
Insider Trading
Apr 25, 2024
ARS
ARS
Apr 25, 2024
DEF 14A
DEF 14A
Apr 25, 2024
DEFA14A
DEFA14A
Mar 07, 2024
4
Insider Trading
Mar 04, 2024
4
Insider Trading

Peers (Alternatives to Redfin Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
35.7B
2.5B
2.41% 12.16%
121.44
14.14
12.26% -19.88%
28.0B
32.5B
7.21% 18.84%
28.14
0.86
5.07% -12.06%
10.4B
2.0B
3.71% -3.82%
-65.12
5.16
6.03% -14.39%
MID-CAP
9.8B
21.2B
18.97% 40.96%
32.63
0.46
1.89% -39.82%
3.4B
404.1M
6.38% 28.03%
41.8
8.4
55.15% 19.63%
2.7B
9.4B
26.54% 44.64%
220.22
0.28
-5.93% -83.62%
2.2B
821.4M
-20.99% 26.60%
6.31
2.72
18.22% 229.45%
SMALL-CAP
1.9B
4.4B
26.26% -15.63%
-212.43
0.44
-1.45% -158.11%
223.1M
50.7M
-11.02% -18.96%
81.38
4.4
22.36% -99.25%
108.9M
44.5M
-4.35% 50.73%
48.83
2.44
-24.76% -93.06%
73.0M
45.1M
10.04% 78.23%
9.19
1.62
10.35% 24.96%
48.8M
145.1M
20.67% -58.77%
-0.93
0.34
-5.22% 1.69%

Redfin Corp News

Latest updates
MarketBeat16 May 202406:12 pm
Defense World15 May 202407:10 am
Defense World14 May 202405:47 am
GuruFocus.com07 May 202409:22 am
Business Wire23 Apr 202407:00 am
Simply Wall St22 Apr 202407:00 am

Redfin Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue38.9%225162269276326222306349597569540471268245237214191233239198110
Gross Profit-4.5%71.0074.0098.0010056.0045.0091.0011173.0097.0012712642.0080.0093.0046.0013.0040.0053.0048.003.00
Operating Expenses20.1%14011712414816013813518415810914715677.0054.0056.0050.0070.0046.0046.0061.0070.00
  S&GA Expenses-100.0%-52.0055.0062.0070.0059.0058.0069.0059.0057.0054.0060.0037.0017.0021.0023.0024.0019.0019.0018.0021.00
  R&D Expenses5.9%46.0044.0044.0047.0048.0041.0043.0047.0050.0031.0044.0041.0028.0024.0022.0018.0020.0019.0019.0016.0016.00
Interest Expenses15.1%5.004.002.002.002.001.002.002.004.00-0.334.003.001.0012.003.003.002.002.002.002.002.00
Income Taxes-277.3%-0.170.000.000.000.00-0.310.000.000.00-0.74-0.31-5.05---------
Net Income-191.6%-66.77-22.90-18.97-27.36-60.80-61.95-90.24-78.15-90.81-27.00-18.95-27.88-35.7814.0034.00-6.61-60.12-7.787.00-12.62-67.18
Net Income Margin-15.8%-0.15*-0.13*-0.15*-0.21*-0.24*-0.22*-0.21*-0.17*-0.14*-0.10*-0.04*-0.01*---------
Free Cashflow-32.1%-49.54-37.49100-41.1124.0018515.00-25272.00106-207-171---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-7.2%1,0711,1541,1261,3041,3541,5742,0512,1681,8672,0222,0432,0011,8171,361763715595596592600575
  Current Assets-15.0%3784453975605937761,2221,3101,0991,2461,2631,2281,6941,241639587457452448462490
    Cash Equivalents-27.6%1081501261191502323463576135715637351,241946388360231247219259406
  Inventory-----11.0011430137824535843524997.0049.0025.009.0071.0075.0010586.0038.00
  Net PPE-0.7%46.0046.0048.0049.0053.0055.0059.0060.0061.0059.0056.0054.0048.0044.0042.0041.0040.0040.0038.0036.0031.00
  Goodwill0%46146146146146146146146152.004094074074009.00-------
Liabilities-3.1%1,0771,1111,0801,2541,2941,4701,9041,9471,5921,6721,6861,6361,433730323320315265264287260
  Current Liabilities6.0%28526824938532935564665530040240635423618626313913685.0093.00118104
  Long Term Debt-6.9%6416898008359291,0781,2181,2401,2391,2141,2131,2121,137488-123121120118117115
    LT Debt, Current----24.0023.0023.0023.00--23.0023.0023.0023.0022.00124------
    LT Debt, Non Current-100.0%-6898008359291,0781,2181,2401,2391,2141,2131,2121,137488-123121120118117115
Shareholder's Equity-1764.8%-45.753.006.0010.0021.0064.00107181236310318326344591400355280331328312314
  Retained Earnings-8.1%-890-823-800-781-754-693-631-541-462-372-345-326-298-270-284-318-311-251-244-250-238
  Additional Paid-In Capital2.2%844826806791775758740723699682663652642861684673591583572563552
Shares Outstanding1.8%119117115114111110109107107105105104---------
Float----1,354---865---6,441---4,018---1,547-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-32.6%-45,980-34,670102,543-37,81926,704188,98020,011-247,50179,001112,553-200,483-162,873-50,7659,73242,79152,193-43,44925,02810,971-96,452-47,157
  Share Based Compensation11.9%17,40915,55318,80017,55419,02816,58518,07116,81316,78815,28413,11113,74412,58311,20911,3487,2057,2118,0227,5105,8766,406
Cashflow From Investing8844.7%42,062-48156,56041,38122.00-3,229-21,824-86,093-73,192-13,444-18,784-534,505-9,573-965-4,892-47,794-3,468-2,933-33,263-76,565-3,151
Cashflow From Financing-165.6%-38,67658,932-153,135-34,654-116,558-347,192-2,64993,106-75,359-18,07168,834142,016457,562549,074-10,393125,34030,2066,131-17,71726,12717,342
Get Full Access to Grufity – and Unlimited Downloads
Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.
Try For Just $1.99

RDFN Income Statement

2024-03-31
Consolidated Statements of Comprehensive Loss - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]  
Revenue$ 225,479$ 214,083
Cost of revenue154,667155,945
Gross profit70,81258,138
Operating expenses  
Technology and development46,42947,663
Marketing24,87840,403
General and administrative67,87369,439
Restructuring and reorganization8891,053
Total operating expenses140,069158,558
Loss from continuing operations(69,257)(100,420)
Interest income1,8323,406
Interest expense(4,874)(1,922)
Income tax benefit (expense)172(410)
Gain on extinguishment of convertible senior notes5,68642,270
Other expense, net(333)(234)
Net loss from continuing operations(66,774)(57,310)
Net loss from discontinued operations0(3,488)
Net loss(66,774)(60,798)
Dividends on convertible preferred stock(233)(226)
Net loss from continuing operations attributable to common stock—basic and diluted$ (67,007)$ (57,536)
Net loss per share attributable to common stock - basic (in dollars per share)$ (0.57)$ (0.52)
Income (Loss) from Continuing Operations, Per Diluted Share$ (0.57)$ (0.52)
Net loss attributable to common stock - basic$ (67,007)$ (61,024)
Net loss per share attributable to common stock - basic (in dollars per share)$ (0.57)$ (0.55)
Weighted average shares - basic (in shares)118,364,267110,103,598
Weighted-average shares to compute net loss per share attributable to common stock—basic and diluted118,364,267110,103,598
Net loss per share attributable to common stock - diluted (in dollars per share)$ (0.57)$ (0.55)
Other comprehensive income (loss)  
Foreign currency translation adjustments$ (3)$ 58
Unrealized gain (loss) on available-for-sale debt securities40(424)
Comprehensive loss$ (66,737)$ (61,164)

RDFN Balance Sheet

2024-03-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets  
Cash and cash equivalents$ 107,129$ 149,759
Restricted cash1,2741,241
Short-term investments041,952
Accounts receivable, net of allowances for credit losses of $3,658 and $3,23454,83951,738
Loans held for sale165,487159,587
Prepaid expenses37,69533,296
Other current assets11,8677,472
Total current assets378,291445,045
Property and equipment, net46,11846,431
Right-of-use assets, net29,47631,763
Mortgage servicing rights, at fair value32,32832,171
Long-term investments03,149
Goodwill461,349461,349
Intangible assets, net113,537123,284
Other assets, noncurrent10,00810,456
Total assets1,071,1071,153,648
Current liabilities  
Accounts payable15,90910,507
Accrued and other liabilities97,33190,360
Warehouse credit facilities156,588151,964
Lease liabilities14,71015,609
Total current liabilities284,538268,440
Lease liabilities, noncurrent26,73029,084
Convertible senior notes, net, noncurrent641,209688,737
Deferred tax liabilities287264
Term loan124,123124,416
Total liabilities1,076,8871,110,941
Commitments and contingencies (Note 7)
Series A convertible preferred stock—par value $0.001 per share; 10,000,000 shares authorized; 40,000 shares issued and outstanding at March 31, 2024 and December 31, 202339,97039,959
Stockholders’ (deficit) equity  
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 119,440,241 and 117,372,171 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively119117
Additional paid-in capital844,383826,146
Accumulated other comprehensive loss(145)(182)
Accumulated deficit(890,107)(823,333)
Total stockholders’ (deficit) equity(45,750)2,748
Total liabilities, mezzanine equity, and stockholders’ (deficit) equity$ 1,071,107$ 1,153,648
RDFN
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; and originates and sells mortgages. 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.
 CEO
 WEBSITEredfin.com
 INDUSTRYReal Estate Services
 EMPLOYEES5572

Redfin Corp Frequently Asked Questions


What is the ticker symbol for Redfin Corp? What does RDFN stand for in stocks?

RDFN is the stock ticker symbol of Redfin Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Redfin Corp (RDFN)?

As of Fri May 17 2024, market cap of Redfin Corp is 899.62 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RDFN stock?

You can check RDFN's fair value in chart for subscribers.

What is the fair value of RDFN stock?

You can check RDFN's fair value in chart for subscribers. The fair value of Redfin Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Redfin Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RDFN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Redfin Corp a good stock to buy?

The fair value guage provides a quick view whether RDFN is over valued or under valued. Whether Redfin Corp is cheap or expensive depends on the assumptions which impact Redfin Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RDFN.

What is Redfin Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, RDFN's PE ratio (Price to Earnings) is -6.61 and Price to Sales (PS) ratio is 0.96. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RDFN PE ratio will change depending on the future growth rate expectations of investors.