RDFN - Redfin Corp Stock Price, Fair Value and News

6.18USD-0.19 (-2.98%)Delayed as of 08 May 2024, 03:05 pm ET

Market Summary

USD6.18-0.19

Delayedas of 08 May 2024, 03:05 pm

-2.98%

RDFN Alerts

Big fall in Revenue (Y/Y)

Losses in recent quarter

RDFN Stock Price

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RDFN RSI Chart

RDFN Valuation

Market Cap

761.0M

Price/Earnings (Trailing)

-5.6

Price/Sales (Trailing)

0.82

Price/Free Cashflow

-26.59

RDFN Price/Sales (Trailing)

RDFN Profitability

Return on Equity

297.27%

Return on Assets

-12.7%

Free Cashflow Yield

-3.76%

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

52 Week Range

6.82

(Low)(High)

Last 7 days

13.7%

Last 30 days

3.2%

Last 90 days

-22.8%

Trailing 12 Months

-36.3%

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

Year	Q1	Q2	Q3	Q4
2024	932.3M	0	0	0
2023	1.2B	1.1B	1.1B	1.0B
2022	1.2B	1.3B	1.4B	1.5B
2021	963.4M	1.2B	1.5B	1.1B
2020	860.6M	876.5M	874.8M	886.1M
2019	517.2M	572.3M	670.7M	779.8M
2018	390.1M	427.8M	458.5M	486.9M
2017	285.4M	312.6M	341.1M	370.0M
2016	0	214.0M	240.6M	267.2M
2015	0	0	0	187.3M

Get all data in R, Python etc through our Historical Stock Data APIs

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>

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

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Tracking the Latest Insider Buys and Sells of Redfin Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

Which funds bought or sold RDFN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Parallel Advisors, LLC	unchanged	-	-764	1,383	-%
May 06, 2024	Manchester Capital Management LLC	added	135	327,286	958,385	0.12%
May 06, 2024	HighTower Advisors, LLC	reduced	-1.43	-837,000	1,685,000	-%
May 06, 2024	Quantbot Technologies LP	reduced	-67.75	-489,827	128,485	0.01%
May 06, 2024	SG Americas Securities, LLC	sold off	-100	-113,000	-	-%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-8,132	-	-%
May 06, 2024	VitalStone Financial, LLC	sold off	-100	-1,000	-	-%
May 06, 2024	Jefferies Financial Group Inc.	added	475	638,576	724,464	-%
May 03, 2024	GSA CAPITAL PARTNERS LLP	added	6.31	-449,000	975,000	0.08%
May 03, 2024	HUNTINGTON NATIONAL BANK	unchanged	-	-1,284	2,328	-%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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 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
Mar 01, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Redfin Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CSGP	37.8B	2.5B	-2.37%	24.50%	128.35	14.95	12.26%	-19.88%
CBRE	26.5B	32.5B	-10.00%	18.31%	26.68	0.82	5.07%	-12.06%
Z	10.1B	2.0B	-8.70%	-10.65%	-63.63	5.05	6.03%	-14.39%
MID-CAP
JLL	9.0B	21.2B	-4.01%	44.55%	30.1	0.43	1.89%	-39.82%
JOE	3.4B	404.1M	1.75%	38.82%	41.76	8.4	55.15%	19.63%
DBRG	2.4B	-	-19.65%	31.79%	6.74	2.9	18.22%	229.45%
CWK	2.3B	9.4B	-4.67%	35.10%	191.5	0.25	-5.93%	-83.62%
SMALL-CAP
EXPI	1.9B	4.4B	20.28%	-7.70%	-208.81	0.43	-1.45%	-158.11%
ARL	227.6M	50.5M	-13.32%	-24.95%	57.35	4.51	34.51%	-98.94%
AXR	109.4M	44.5M	-4.32%	49.59%	49.07	2.46	-24.76%	-93.06%
CHCI	75.4M	44.7M	48.30%	80.83%	9.69	1.69	13.76%	5.95%
ASPS	49.1M	145.1M	7.56%	-57.76%	-0.94	0.34	-5.22%	1.69%

Redfin Corp News

Latest updates

Redfin Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	38.9%	225	162	269	276	326	222	306	349	597	569	540	471	268	245	237	214	191	233	239	198	110
Gross Profit	-4.5%	71.00	74.00	98.00	100	56.00	45.00	91.00	111	73.00	97.00	127	126	42.00	80.00	93.00	46.00	13.00	40.00	53.00	48.00	3.00
Operating Expenses	20.1%	140	117	124	148	160	138	135	184	158	109	147	156	77.00	54.00	56.00	50.00	70.00	46.00	46.00	61.00	70.00
S&GA Expenses	-100.0%	-	52.00	55.00	62.00	70.00	59.00	58.00	69.00	59.00	57.00	54.00	60.00	37.00	17.00	21.00	23.00	24.00	19.00	19.00	18.00	21.00
R&D Expenses	5.9%	46.00	44.00	44.00	47.00	48.00	41.00	43.00	47.00	50.00	31.00	44.00	41.00	28.00	24.00	22.00	18.00	20.00	19.00	19.00	16.00	16.00
Interest Expenses	15.1%	5.00	4.00	2.00	2.00	2.00	1.00	2.00	2.00	4.00	-0.33	4.00	3.00	1.00	12.00	3.00	3.00	2.00	2.00	2.00	2.00	2.00
Income Taxes	-277.3%	-0.17	0.00	0.00	0.00	0.00	-0.31	0.00	0.00	0.00	-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	-35.78	14.00	34.00	-6.61	-60.12	-7.78	7.00	-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	-37.49	100	-41.11	24.00	185	15.00	-252	72.00	106	-207	-171	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-7.2%	1,071	1,154	1,126	1,304	1,354	1,574	2,051	2,168	1,867	2,022	2,043	2,001	1,817	1,361	763	715	595	596	592	600	575
Current Assets	-15.0%	378	445	397	560	593	776	1,222	1,310	1,099	1,246	1,263	1,228	1,694	1,241	639	587	457	452	448	462	490
Cash Equivalents	-27.6%	108	150	126	119	150	232	346	357	613	571	563	735	1,241	946	388	360	231	247	219	259	406
Inventory	-	-	-	-	-	11.00	114	301	378	245	358	435	249	97.00	49.00	25.00	9.00	71.00	75.00	105	86.00	38.00
Net PPE	-0.7%	46.00	46.00	48.00	49.00	53.00	55.00	59.00	60.00	61.00	59.00	56.00	54.00	48.00	44.00	42.00	41.00	40.00	40.00	38.00	36.00	31.00
Goodwill	0%	461	461	461	461	461	461	461	461	52.00	409	407	407	400	9.00	-	-	-	-	-	-	-
Liabilities	-3.1%	1,077	1,111	1,080	1,254	1,294	1,470	1,904	1,947	1,592	1,672	1,686	1,636	1,433	730	323	320	315	265	264	287	260
Current Liabilities	6.0%	285	268	249	385	329	355	646	655	300	402	406	354	236	186	263	139	136	85.00	93.00	118	104
Long Term Debt	-6.9%	641	689	800	835	929	1,078	1,218	1,240	1,239	1,214	1,213	1,212	1,137	488	-	123	121	120	118	117	115
LT Debt, Current	-	-	-	-	24.00	23.00	23.00	23.00	-	-	23.00	23.00	23.00	23.00	22.00	124	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	689	800	835	929	1,078	1,218	1,240	1,239	1,214	1,213	1,212	1,137	488	-	123	121	120	118	117	115
Shareholder's Equity	-1764.8%	-45.75	3.00	6.00	10.00	21.00	64.00	107	181	236	310	318	326	344	591	400	355	280	331	328	312	314
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 Capital	2.2%	844	826	806	791	775	758	740	723	699	682	663	652	642	861	684	673	591	583	572	563	552
Shares Outstanding	1.8%	119	117	115	114	111	110	109	107	107	105	105	104	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,354	-	-	-	865	-	-	-	6,441	-	-	-	4,018	-	-	-	1,547	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-32.6%	-45,980	-34,670	102,543	-37,819	26,704	188,980	20,011	-247,501	79,001	112,553	-200,483	-162,873	-50,765	9,732	42,791	52,193	-43,449	25,028	10,971	-96,452	-47,157
Share Based Compensation	11.9%	17,409	15,553	18,800	17,554	19,028	16,585	18,071	16,813	16,788	15,284	13,111	13,744	12,583	11,209	11,348	7,205	7,211	8,022	7,510	5,876	6,406
Cashflow From Investing	8844.7%	42,062	-481	56,560	41,381	22.00	-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%	-38,676	58,932	-153,135	-34,654	-116,558	-347,192	-2,649	93,106	-75,359	-18,071	68,834	142,016	457,562	549,074	-10,393	125,340	30,206	6,131	-17,717	26,127	17,342

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RDFN Income Statement

2023-12-31

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 976,672	$ 1,099,574	$ 1,058,638
Cost of revenue	646,853	790,455	665,419
Gross profit	329,819	309,119	393,219
Operating expenses
Technology and development	183,294	178,924	143,481
Marketing	117,863	155,309	136,851
General and administrative	238,790	243,390	208,722
Employee termination costs	7,927	32,353	0
Total operating expenses	547,874	609,976	489,054
Loss from continuing operations	(218,055)	(300,857)	(95,835)
Interest income	10,532	6,639	635
Interest expense	(9,524)	(8,886)	(7,491)
Income tax (expense) benefit	(979)	(116)	6,107
Gain on extinguishment of convertible senior notes	94,019	57,193	0
Other (expense) income, net	(2,385)	(3,770)	5,360
Net loss	(130,026)	(321,143)	(109,613)
Dividends on convertible preferred stock	(1,074)	(1,560)	(7,269)
Net loss attributable to common stock—basic	(131,100)	(322,703)	(116,882)
Net loss attributable to common stock—diluted	$ (131,100)	$ (322,703)	$ (116,882)
Net loss per share attributable to common stock—basic (in dollars per share)	$ (1.16)	$ (2.99)	$ (1.12)
Net loss per share attributable to common stock— diluted (in dollars per share)	$ (1.16)	$ (2.99)	$ (1.12)
Weighted average shares of common stock— basic (in shares)	113,152,752	107,927,464	104,683,460
Weighted average shares of common stock— diluted (in shares)	113,152,752	107,927,464	104,683,460
Other comprehensive income
Foreign currency translation adjustments	$ (71)	$ 94	$ 6
Unrealized gain on available-for-sale securities	690	533	379
Comprehensive loss	(129,407)	(320,516)	(109,228)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	(126,392)	(249,797)	(91,224)
Net loss from discontinued operations	(3,634)	(71,346)	(18,389)
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic	$ (127,466)	$ (251,357)	$ (98,493)

RDFN Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 149,759	$ 232,200
Restricted cash	1,241	2,406
Short-term investments	41,952	122,259
Accounts receivable, net of allowances for credit losses of $3,234 and $2,223	51,738	46,375
Loans held for sale	159,587	199,604
Prepaid expenses	33,296	34,006
Other current assets	7,472	7,449
Total current assets	445,045	776,458
Property and equipment, net	46,431	54,939
Right-of-use assets, net	31,763	40,889
Mortgage servicing rights, at fair value	32,171	36,261
Long-term investments	3,149	29,480
Goodwill	461,349	461,349
Intangible assets, net	123,284	162,272
Other assets, noncurrent	10,456	11,247
Total assets	1,153,648	1,574,204
Current liabilities
Accounts payable	10,507	11,065
Accrued and other liabilities	90,360	106,763
Warehouse credit facilities	151,964	190,509
Convertible senior notes, net	0	23,431
Lease liabilities	15,609	18,560
Total current liabilities	268,440	354,639
Lease liabilities, noncurrent	29,084	36,906
Convertible senior notes, net, noncurrent	688,737	1,078,157
Term loan	124,416	0
Deferred tax liabilities	264	243
Total liabilities	1,110,941	1,470,337
Commitments and contingencies (Note 7)
Series A convertible preferred stock—par value $0.001 per share; 10,000,000 shares authorized; 40,000 and 40,000 shares issued and outstanding at December 31, 2023 and 2022, respectively	39,959	39,914
Stockholders’ equity
Common stock—par value $0.001 per share; 500,000,000 shares authorized; 117,372,171 and 109,696,178 shares issued and outstanding at December 31, 2023 and 2022, respectively	117	110
Additional paid-in capital	826,146	757,951
Accumulated other comprehensive loss	(182)	(801)
Accumulated deficit	(823,333)	(693,307)
Total stockholders’ equity	2,748	63,953
Total liabilities, mezzanine equity, and stockholders’ equity	1,153,648	1,574,204
Total current assets of discontinued operations	0	132,159
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0	1,309
Total current liabilities of discontinued operations	0	4,311
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	$ 0	$ 392

About Redfin Corp

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	Mr. Glenn Kelman
WEBSITE	redfin.com
INDUSTRY	Real Estate Services
EMPLOYEES	5572

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 Tue May 07 2024, market cap of Redfin Corp is 761.03 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 Tue May 07 2024, RDFN's PE ratio (Price to Earnings) is -5.6 and Price to Sales (PS) ratio is 0.82. 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.