Streetbeat News

RDFN

Redfin Corporation

https://www.redfin.com

Industry

Real Estate - Services

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.

Open

10.20

Mkt cap

1.2B

Volume

18M

High

10.50

P/E Ratio

-8.34

52-wk high

15.29

Low

9.28

Div yield

N/A

52-wk low

5.10

The article lists the stocks that have gained and lost the most in Friday's mid-day session. Among the gainers, Benson Hill, Inc. (BHIL) shares jumped 48.1% to $0.3740, and Seres Therapeutics, Inc. (MCRB) climbed 45.9% to $1.20 after posting a narrower-than-expected quarterly loss. Among the losers, Inseego Corp (INSG) shares fell 35% to $0.3370 after reporting worse-than-expected Q3 results, and Fortinet Inc (FTNT) shares fell 16.8% to $47.92 after reporting mixed Q3 results and issuing FY23 revenue guidance below estimates.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 5:26 pm

Redfin Corporation (NASDAQ:RDFN) reported its Q3 financial results, beating the analyst consensus estimate on GAAP losses but missing on sales. The company's shares are trading higher, with heavy trading volume surpassing the stock's 100-day average. Short-sellers have shown interest in RDFN shares, with 24.28% of available shares being sold short.

Portfolio Pulse from Erica Kollmann

November 03, 2023 | 3:03 pm

Redfin reported mixed Q3 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 3:02 pm

Wedbush analyst Jay McCanless has maintained a Neutral rating on Redfin (NASDAQ:RDFN) and lowered the price target from $11 to $8.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:57 pm

Redfin has projected its Q4 2023 revenue to be between $211M and $226M, which is lower than the estimated $242.01M.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:52 pm

A federal jury in Missouri ruled that the National Association of Realtors and major real estate companies, including HomeServices of America and Keller Williams, were guilty of conspiring to keep commission rates high. The verdict could lead to a shift in the way home buyers and sellers interact, potentially lowering commission costs. The decision has already impacted the market for real estate services, with stocks such as Zillow, Compass Inc, and Redfin Corp experiencing drops.

Portfolio Pulse from Natan Ponieman

November 02, 2023 | 8:57 pm

Redfin reported Q3 2023 GAAP EPS of $(0.17), beating the estimate of $(0.20) by 15%. However, the company's sales of $268.96M missed the estimate of $270.99M by 0.75%. Compared to the same period last year, EPS increased by 79.52% while sales decreased by 55.21%.

Portfolio Pulse from saritha@benzinga.com

November 02, 2023 | 8:03 pm

Bob Goldberg, the chief executive of the National Association of Realtors (N.A.R.), has resigned following a $1.8 billion verdict against the organization and allegations of sexual harassment. The N.A.R. and several brokerages were ordered to pay damages for conspiring to inflate home commissions. Nykia Wright, former CEO of the Chicago Sun-Times, will serve as interim CEO. The N.A.R. plans to appeal the verdict.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 6:10 pm

A Missouri jury has found the National Association of Realtors (NAR), HomeServices of America, and Keller Williams guilty of colluding to inflate commission rates. The defendants have been ordered to pay damages of $1.78 billion, which could potentially double due to treble damages. The verdict opens the door for additional potential class-action lawsuits in other states. The lawsuit also included RE/MAX and Anywhere as defendants, but they reached settlements earlier. The defendants are expected to appeal the ruling.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 5:44 pm

Redfin (NASDAQ:RDFN) has received indifferent ratings from three analysts in the last quarter, with an average price target of $10.0, implying an upside from the current price of $5.59. The average price target has increased by 16.96% over the past month.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:00 pm

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