Redfin continues to take share in the $43 trillion U.S. housing market, thanks to its proven ability to help its customers sell their homes faster and for higher prices.
Full Answer
Is redfin stock a buy or sell?
Barron's Redfin Stock Is a Sell. Analyst Raises Doubts on Home Sales. Apr. 26, 2022 at 12:30 p.m. ETby Barron's Lyft, Unilever, JLL and dozens more companies want Congress to break stalemate on clean energy before midterm elections Apr. 26, 2022 at 12:10 p.m. ETby Rachel Koning Beals 26:46
What does redfin do for a living?
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.
What does Redfin’s latest housing market report mean for investors?
Of interest to investors in the real estate space, Redfin did provide some updates on its view of the U. S. housing market subsequent to the Q1 report. With mortgage rates on the rise, some home sellers are beginning to drop prices to attract a buyer.
Why did redfin stock fall 6% on Tuesday?
Shares of Redfin ( RDFN -7.39%) fell 6.7% on Tuesday, following bearish analyst commentary. Piper Sandler analyst Thomas Champion slashed his rating on Redfin's stock from overweight (expected to do well in the future) to underweight (expected to do poorly in the future).
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Is Redfin stock a good buy?
Redfin Corporation - Hold Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of RDFN, demonstrate its potential to underperform the market. It currently has a Growth Score of B.
Why is Redfin stock dropping?
Shares of Redfin (RDFN -2.48%) were falling last month after concerns about a slowdown in the real estate market and the broader economy pressured the stock in spite of solid first-quarter earnings results.
Is Redfin a good long term stock?
Redfin Corporation (NASDAQ: RDFN) delivered a -48.93% return in the past 3 months. In July 2021, we published an article that includes RDFN in the 10 Best Up and Coming Stocks to Invest In.
Will Redfin stock recover?
Further, with the company likely to generate positive cash from operations this year and net income by 2024, it does seem likely that Redfin stock could continue rebounding some over the next 12 months.
Why is Redfin tanking?
Redfin stock tanks after forecast shows losses expanding as iBuying business grows - MarketWatch.
Has Redfin ever made a profit?
Its iBuying business is now in 30 markets, and 2021 marked the first positive gross profit for Redfin Now since its inception, earning $10 million. In the fourth quarter of 2021, Redfin accounted for 1.15% of all existing homes for sale by value.
Does Redfin stock pay dividends?
Redfin does not pay dividends on its common stock.
Is Zillow a buy or sell?
Zillow Group, Inc. may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of ZG, demonstrate its potential to outperform the market. It currently has a Growth Score of A.
Will RDFN stock go up?
Redfin Corp (NASDAQ:RDFN) The 14 analysts offering 12-month price forecasts for Redfin Corp have a median target of 12.00, with a high estimate of 31.00 and a low estimate of 8.00. The median estimate represents a +27.25% increase from the last price of 9.43.
Is Redfin a publicly traded company?
Redfin went public on July 28, 2017. The IPO raised $138 million. The offering priced at $15 a share, above the expected price range of $12 to $14. Redfin's stock closed at $21.72 on the first day of trading, giving the company a market capitalization of $1.73 billion.
NASDAQ: RDFN
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What happened
Shares of Redfin ( RDFN -20.18% ) dropped 20.7% in November, according to data from S&P Global Market Intelligence. The real estate marketplace and technology company reported solid quarterly results but was dragged down with the broad market sell-off in growth stocks.
So what
On Nov. 4, Redfin released its earnings results for the three months ending in September. Revenue came in at $540 million, up 128% year over year, with gross profit up 37% to $127 million.
NASDAQ: RDFN
This meager growth in its core brokerage/marketplace business is likely a reason why investors have soured on Redfin stock recently.
Now what
Right now, Redfin has a market cap of $4 billion. If you believe Redfin can continue growing its brokerage, online marketplace, and iBuying businesses over the next few years and beyond, now may be the right time to take a position in this company. But Redfin only generated $376 million in gross profit in the last 12 months and had no net income.
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About 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.
Redfin (NASDAQ:RDFN) Frequently Asked Questions
14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Redfin stock.
Mounting losses have investors concerned
Joe honed his investing skills as an analyst for Stock Advisor. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns.
What happened
Shares of Redfin ( NASDAQ:RDFN) lost 20% of their value on Friday, following the release of the real estate company's fourth-quarter earnings report.
So what
Redfin continues to take share in the $43 trillion U.S. housing market, thanks to its proven ability to help its customers sell their homes faster and for higher prices.
Now what
Redfin expects to post an even larger loss in the first quarter, as it spends heavily to support its growth initiatives. Management forecast a net loss of $115 million to $122 million, which would exceed the $109.6 million Redfin lost in all of 2021.
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Redfin Corp
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.
