Redfin Corp is a technology-driven real estate brokerage that aims to revolutionize the way people buy and sell homes
By leveraging sophisticated online tools and a user-friendly platform, Redfin provides comprehensive real estate services that include property listings, home searches, and market insights. The company employs a team of real estate agents who utilize data analytics to streamline the home buying and selling process, helping clients to make informed decisions. Additionally, Redfin offers unique features such as virtual tours and innovative pricing strategies to enhance the customer experience in an increasingly digital market.
Shares of real estate technology company Redfin (NASDAQRDFN)
jumped 87.8% in the pre-market session after the company announced it agreed to be acquired by Rocket Companies in an all-stock transaction for $12.50 per Redfin share, or $1.75 billion. Under the terms of the deal, each share of Redfin common stock would be exchanged for a fixed ratio of 0.7926 shares of Rocket Companies common stock. The acquisition price was 63% higher than Redfin's 30-day average price as of March 7, 2025, the last trading day before the news.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Monday. Below you can find the top gainers and losers in today's session.
Get a pulse on the US markets on Monday by checking out the most active stocks in today's session. Discover the stocks that are leading the way in terms of trading volume and market activity.
Rocket Companies said it will benefit from Redfin's nearly 50 million monthly visitors, one million active purchase and rental listings, and staff of over 2,200 real estate agents across 42 states.
The session on Monday is off to an intriguing start with several stocks showing significant price gaps. Let's examine the gap up and gap down stocks in today's session.
The US market is yet to commence its session on Monday, but let's get a preview of the pre-market session and explore the top gainers and losers driving the early market movements.
Stocks extended last week's losses on Monday as concerns over the U.S. economy continue to weigh on the market. The Nasdaq 100 saw the steepest declines, with Tesla, Inc. (NASDAQTSLA) and Palantir Technologies, Inc.
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Redfin Corporation (NASDAQRDFN) to Rocket Companies for 0.7926 shares of Rocket Companies Class A common stock for each share of Redfin common stock is fair to Redfin shareholders.
(NASDAQRDFN) — Less than half (47%) of newly built apartments completed in the third quarter of 2024 were rented within three months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s tied with the fourth quarter of 2023 for the lowest share on record aside from the start of the pandemic.
(NASDAQRDFN) — The median U.S. asking rent rose 0.4% year over year to $1,607 in February—the first increase in six months and the biggest in nine months. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a month-over-month basis, asking rents climbed 0.6%.
(NASDAQRDFN) — Pending U.S. home sales fell 6.4% from a year earlier during the four weeks ending March 2, the second-biggest decline since November 2023. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
(NASDAQRDFN) — U.S. real estate investors purchased 47,004 homes in the fourth quarter—the lowest level for that time of year since 2016—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down 3.9% from a year earlier, the biggest decline in a year.
(NASDAQRDFN) — The median rent in the District of Columbia rose 2.7% year over year to $2,325 in February, following three months of declines. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
Shares of real estate technology company Redfin (NASDAQRDFN)
fell 16% in the afternoon session after the company reported weak fourth quarter results as its EPS and EBITDA missed. Its revenue and EBITDA guidance for next quarter also fell short of Wall Street's estimates. Overall, this was a weaker quarter.
For the first quarter, the company projected revenue between $214 million and $225 million, while analysts, on average, expect it to post $243.7 million in revenue.
Real estate technology company Redfin (NASDAQRDFN) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 12% year on year to $244.3 million. On the other hand, next quarter’s revenue guidance of $219.5 million was less impressive, coming in 10.4% below analysts’ estimates. Its GAAP loss of $0.29 per share was 21% below analysts’ consensus estimates.
