By providing its agents with a technology platform, Redfin (NASDAQ: RDFN) has found success in the competitive real estate brokerage industry. It has a presence in more than 100 markets in the U.S. and Canada, and it's the most visited brokerage website.
But the shares have performed poorly, and they are currently 93% below their peak price (as of Nov. 28). This is due to unfavorable macro headwinds. Maybe value-focused investors will find the beaten-down price-to-sales ratio of about 0.35 as an attractive opportunity that can't be passed up.
So, is this tech-focused real estate stock a smart buy right now? Here's what investors need to know about Redfin.
Source Fool.com