Professional
Added to YB: 2024-04-11
Pitch date: 2024-04-06
RDFN [bullish]
Redfin Corporation
+78.75%
current return
Author Info
No bio for this author
Company Info
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada.
Market Cap
$1.4B
Pitch Price
$6.26
Price Target
N/A
Dividend
N/A
EV/EBITDA
-23.41
P/E
-6.99
EV/Sales
2.20
Sector
Real Estate Management and Development
Category
turnaround
Saga Partners Portfolio Holding: Redfin Corporation
RDFN: Brokerage making progress despite worst industry conditions. Redfin Next will improve agent incentives & enable faster market share gains. NAR settlement may increase customer price sensitivity, benefiting Redfin's low 1% listing fee & ability to directly connect buyers/sellers vs traditional brokers at risk. Undervalued at $750M cap given potential for rising share, agent productivity & margins as market recovers.
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