10 Most Active US Stocks to Buy According to Hedge Funds

8. Redfin Corporation (NYSE:RDFN)

No of hedge fund holders: 20

Redfin Corporation (NYSE:RDFN) is a technology-driven real estate company that operates an online marketplace to help individuals buy, sell, and rent homes.

Rocket Companies has announced a $1.75 billion all-stock acquisition of Redfin Corporation (NYSE:RDFN), valuing Redfin at $12.50 per share. The merger integrates Redfin’s 50 million monthly visitors, 1 million active listings, and 2,200+ real estate agents with Rocket’s industry-leading mortgage, title, and servicing business. This will create a seamless homebuying experience from search to close.

Redfin Corporation (NYSE:RDFN) posted full-year 2024 revenue of $1.04 billion, up 7% year-over-year, with gross profit rising 10% to $364.2 million. However, net loss widened to $164.8 million from $130.0 million in 2023, with EPS declining to -$1.36 from -$1.16. Despite this, adjusted EBITDA loss improved significantly to $26.5 million, compared to a $76.4 million loss in 2023, reflecting better cost control.