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.
IPO Year: 2017
Exchange: NASDAQ
Website: redfin.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/18/2024 | $6.00 → $6.50 | Neutral → Sell | Goldman |
| 9/3/2024 | $7.50 → $13.00 | Neutral → Buy | B. Riley Securities |
| 5/8/2024 | $8.00 → $9.00 | Equal-Weight → Overweight | Stephens |
| 2/29/2024 | $5.50 | Hold → Underperform | Gordon Haskett |
| 12/8/2023 | $8.00 | Neutral | B. Riley Securities |
| 9/28/2023 | $8.50 → $8.00 | Underperform → Neutral | DA Davidson |
| 9/26/2023 | $8.00 → $7.00 | Underperform → Hold | Gordon Haskett |
| 8/15/2023 | Underperform → Perform | Oppenheimer | |
| 7/19/2023 | $10.50 | Hold → Underperform | Gordon Haskett |
| 7/12/2023 | $10.00 | Neutral → Underperform | DA Davidson |
Redfin reports there were 3.7 months of for-sale supply on the market in January, the most in six years (NASDAQ:RDFN) — The U.S. housing market has tilted in favor of buyers for the first time this decade, with 3.7 months of for-sale supply sitting on the market in January. That's the most since February 2019 and up from 3.3 months a year ago, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. It's worth noting that the picture looks different across different areas of the country, with buyers favored across Sun Belt metros, while sellers generally have more power in the Northeast and Midwest. Historically, four to six months of supply has i
On a year-over-year basis, prices rose 5.4% in January, the slowest pace since August 2023 (NASDAQ:RDFN) — U.S. home prices rose 0.6% from a month earlier in January on a seasonally adjusted basis, a tick faster than the 0.5% growth experienced each of the three months prior. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The last month that home prices grew at a quicker pace was November 2023 (0.7%). This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a g
Redfin reports the share of home purchases made in cash fell to a three-year low as the total number of all-cash purchases dropped to its lowest level in a decade (NASDAQ:RDFN) — Just under one-third (32.6%) of U.S. home purchases were made in cash in 2024, down from 35.1% the year before and the lowest share since 2021. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Still, all-cash sales made up a bigger piece of the homebuying pie than before the pandemic, when the share ranged from 25% to 30%. Redfin's report is based on its analysis of county-level home purchase records across 40 of the most populous U.S. metropolitan areas goi
The typical home that sold sat on the market for 56 days—the longest of any January since 2020 (NASDAQ:RDFN) — Homebuyers have the most options since 2020, but few are biting because rising housing costs have made monthly payments tough to swallow. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Pending home sales in January fell to the lowest level on record aside from the start of the pandemic. They dropped 4.2% month over month—the largest decline on a seasonally adjusted basis since August 2023—and 6.3% year over year. Meanwhile, active listings of homes for sale rose to the highest level since early in the pandemic. They c
New listings are up 7.4% from a year earlier, while pending sales are down 6%. Sales are slow mostly because of high home prices and mortgage rates. (NASDAQ:RDFN) — There are five months of for-sale supply on the market nationwide, up from 4.4 months a year earlier and the most since early 2019. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Inventory is piling up because more sellers are listing their homes while fewer buyers are wading into the market. New listings rose 7.4% year over year during the four weeks ending February 9, hitting their highest level for any comparable time period since 2022. Just after this time in 2022
Redfin reports many listings are selling for under asking price, and most are lingering on the market. Florida homebuyers are seeing the biggest discount. (NASDAQ:RDFN) — Today's average home listing is selling for under its asking price, and taking a long time to sell, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. While that's not ideal for sellers, it's good news for homebuyers who have been grappling with high housing costs and a shortage of inventory. Redfin data as of January shows that nationwide, buyers may have more room for negotiation than they have in several years: The typical U.S. home is selling for 1.8% less than its
Redfin Corporation (NASDAQ:RDFN) will release fourth-quarter 2024 results after the stock market closes on Thursday, February 27, 2025. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our h
Most of Redfin.com's most-viewed listings have two things in common: They're located in tech hubs, and they're expensive. (NASDAQ:RDFN) — Seven of Redfin.com's 10 most-viewed home listings in January were in the Bay Area, specifically the East Bay and neighborhoods near San Jose, and two were in Seattle's eastside suburbs. That is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. One of the most-viewed homes was in the Los Angeles neighborhood of the Pacific Palisades, which attracted a lot of attention in January due to the devastating wildfires that swept through the area. Nine of the 10 most-viewed listings are priced at more than $1
Redfin reports the U.S. median asking rent was little changed from a year earlier, down 0.1% to $1,599 (NASDAQ:RDFN) — The median U.S. asking rent was $1,599 in January, little changed (-0.1%) from a year earlier and up 0.5% from a month earlier. That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median asking rent per square foot fell 1.5% year over year to $1.80 and rose 0.8% month over month. Rents are stabilizing because the number of available apartments is in sync with the number of people who want to rent those apartments. Asking rents skyrocketed during the pandemic moving frenzy because there weren't enough apartments
The lock-in effect is starting to ease because Americans are growing accustomed to elevated rates, and for many, it's not realistic to stay put forever. That's boosting listings and easing the housing shortage. (NASDAQ:RDFN) — Nationwide, 17.2% of U.S. homeowners with mortgages have an interest rate greater than or equal to 6%, the highest share since 2016, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That's up nearly five percentage points from 12.3% in the third quarter of 2023. If this growth rate were to continue, which is feasible, the share of homeowners with a rate of at least 6% would nearly double in the next three years. Mea
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Redfin Corporation (NASDAQ:RDFN) will release fourth-quarter 2024 results after the stock market closes on Thursday, February 27, 2025. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our h
Redfin Corporation (NASDAQ:RDFN) today announced results for its third quarter ended September 30, 2024. Third Quarter 2024 Third quarter revenue was $278.0 million, an increase of 3% compared to the third quarter of 2023. Gross profit was $101.9 million, an increase of 4% year-over-year. Real estate services gross profit was $48.7 million, a decrease of 10% year-over-year, and real estate services gross margin was 28%, compared to 30% in the third quarter of 2023. Net loss was $33.8 million, compared to a net loss of $19.0 million in the third quarter of 2023. Net loss attributable to common stock was $34.1 million. Net loss per share attributable to common stock, diluted, was $0.28, co
Redfin Corporation (NASDAQ:RDFN) will release third-quarter 2024 results after the stock market closes on Thursday, November 7, 2024. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top age
Redfin Corporation (NASDAQ:RDFN) today announced results for its second quarter ended June 30, 2024. Second Quarter 2024 Second quarter revenue was $295.2 million, an increase of 7% compared to the second quarter of 2023. Gross profit was $109.6 million, an increase of 9% year-over-year. Real estate services gross profit was $53.7 million, a decrease of 4% year-over-year, and real estate services gross margin was 29%, compared to 31% in the second quarter of 2023. Net loss was $27.9 million, compared to a net loss of $27.4 million in the second quarter of 2023. Net loss attributable to common stock was $28.1 million. Net loss per share attributable to common stock, diluted, was $0.23,
Redfin Corporation (NASDAQ:RDFN) will release second-quarter 2024 results after the stock market closes on Tuesday, August 6, 2024. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top age
Redfin Corporation (NASDAQ:RDFN) today announced results for its first quarter ended March 31, 2024. First Quarter 2024 First quarter revenue was $225.5 million, an increase of 5% compared to the first quarter of 2023. Gross profit was $70.8 million, an increase of 22% year-over-year. Real estate services gross profit was $20.3 million, an increase of 28% year-over-year, and real estate services gross margin was 15%, compared to 12% in the first quarter of 2023. Net loss was $66.8 million, compared to a net loss of $60.8 million in the first quarter of 2023. Net loss attributable to common stock was $67.0 million. Net loss per share attributable to common stock, diluted, was $0.57, co
Redfin Corporation (NASDAQ:RDFN) will release first-quarter 2024 results after the stock market closes on Tuesday, May 7, 2024. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent.
Redfin Corporation (NASDAQ:RDFN) today announced results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Fourth quarter revenue was $218.1 million, a decrease of 2% compared to the fourth quarter of 2022. Gross profit was $73.2 million, an increase of 32% year-over-year. Real estate services gross profit was $29.9 million, an increase of 14% year-over-year, and real estate services gross margin was 22.5%, compared to 18.0% in the fourth quarter of 2022. Net loss was $22.9 million, compared to a net loss of $61.9 million in the fourth quarter of 2022. Net loss attributable to common stock was $23.1 million. Net loss per share attributable to common sto
Redfin Corporation (NASDAQ:RDFN) will release fourth-quarter 2023 results after the stock market closes on Tuesday, February 27, 2024. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin's Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with same day tours
Redfin Corporation (NASDAQ:RDFN) today announced results for its third quarter ended September 30, 2023. Third Quarter 2023 Third quarter revenue was $269.0 million, a decrease of 12% compared to the third quarter of 2022. Gross profit was $98.3 million, an increase of 8% year-over-year. Real estate services gross profit was $54.1 million, a decrease of 2% year-over-year, and real estate services gross margin was 30%, compared to 26% in the third quarter of 2022. Net loss was $19.0 million, compared to a net loss of $90.2 million in the third quarter of 2022. Net loss attributable to common stock was $19.3 million. Net loss per share attributable to common stock, diluted, was $0.17, c
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Goldman downgraded Redfin from Neutral to Sell and set a new price target of $6.50 from $6.00 previously
B. Riley Securities upgraded Redfin from Neutral to Buy and set a new price target of $13.00 from $7.50 previously
Stephens upgraded Redfin from Equal-Weight to Overweight and set a new price target of $9.00 from $8.00 previously
Gordon Haskett downgraded Redfin from Hold to Underperform and set a new price target of $5.50
B. Riley Securities initiated coverage of Redfin with a rating of Neutral and set a new price target of $8.00
DA Davidson upgraded Redfin from Underperform to Neutral and set a new price target of $8.00 from $8.50 previously
Gordon Haskett upgraded Redfin from Underperform to Hold and set a new price target of $7.00 from $8.00 previously
Oppenheimer upgraded Redfin from Underperform to Perform
Gordon Haskett downgraded Redfin from Hold to Underperform and set a new price target of $10.50
DA Davidson downgraded Redfin from Neutral to Underperform and set a new price target of $10.00
Redfin Next offers agents the best of both worlds: big commission splits with zero expenses and free Redfin.com customer introductions, benefits and support (NASDAQ:RDFN) — Redfin announced today it is expanding the Redfin Next agent compensation plan to 25 additional markets. Under Redfin Next, agents in these markets earn competitive splits as high as 70%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States. "Redfin Next has proven to be even better than we imagined at igniting our salesforce, helping us recruit new talent," said Jason Aleem, Redfin's chief of real es
Redfin is expanding its ground-breaking pay plan to agents in Chicago, Connecticut, Dallas, Miami, New York, Palm Beach and Washington, D.C. (NASDAQ:RDFN) — Redfin announced today it is expanding the Redfin Next agent compensation plan to seven additional markets: Chicago, Connecticut, Dallas, Miami, New York, Palm Beach, and Washington, D.C. Under the Redfin Next plan, agents in these markets earn competitive splits as high as 70%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States. Redfin initially announced the plan in San Francisco and Los Angeles in late October 2
Redfin is expanding its ground-breaking pay plan to agents in San Diego and Orange County based on positive response to the launch in San Francisco and Los Angeles (NASDAQ:RDFN) — Redfin (www.redfin.com) today announced it is expanding its new agent compensation plan to San Diego and Orange County, California. Under the new plan, rebranded to Redfin Next, agents earn competitive splits as high as 75%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States. Redfin initially announced the plan in San Francisco and Los Angeles in late October. Since then, it has signed nearly
In San Francisco and Los Angeles, Redfin agents now get the best of both worlds: a big traditional split on their own deals coupled with Redfin.com customers, benefits and support (NASDAQ:RDFN) — Redfin (www.redfin.com) today announced Redfin Max, a new pay plan for agents. With Redfin Max, agents earn competitive splits as high as 75%, have virtually all business expenses covered, and get technology, support, benefits and customer introductions from Redfin.com, the #1 brokerage site in the United States. Redfin Max is launching in San Francisco and Los Angeles and Redfin plans to expand it over time. Agents can connect with Redfin to learn about how they can maximize earnings and take th
Long-time board member and former chair, Bob Mylod, will not stand for re-election at 2022 annual shareholder meeting (NASDAQ:RDFN) — Redfin (www.redfin.com), the technology-powered real estate brokerage, today announced Brad Singer has joined its board of directors. Mr. Singer brings decades of business, finance and investment experience as a former partner and chief operating officer of ValueAct Capital. Prior to ValueAct Capital, Mr. Singer was the senior executive vice president and chief financial officer at Discovery Communications and chief financial officer & treasurer at American Tower. Before that, he was an investment banker at Goldman, Sachs & Co. Singer joins the board as lon
ATLANTA, July 28, 2021 /PRNewswire/ -- (NASDAQ:RDFN) — RentPath (www.rentpath.com), a Redfin company, announced today the appointment of Jon Ziglar as Chief Executive Officer effective August 16th. Ziglar comes to RentPath from ParkMobile, where he has been CEO and a board director since 2015. Ziglar has significant experience driving corporate strategy, sales and technology innovation to deliver growth in rapidly evolving industries. During his tenure at ParkMobile, the business grew its customer base over 800% while expanding its products beyond on-street parking to include event and airport reservations, electric vehicle charging and toll payments. Ziglar's experience running a marketplac