Redfin (RDFN) Stock Price, News & Analysis

Company Overview

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; and originates and sells mortgages. In addition, the company uses digital platforms to connect consumers with rental properties. 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.

Key Stats

• Today's Range: $12.98 to $14.03
• 50-Day Range: $6.40 to $14.45
• 52-Week Range: $4.26 to $15.29
• Volume: 8.76 million shs
• Average Volume: 5.50 million shs
• Market Capitalization: $1.63 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.68
• Consensus Rating: Hold

Redfin Stock Analysis - MarketRank™

Redfin scored higher than 64% of companies evaluated by MarketBeat, and ranked 470th out of 903 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Redfin has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 7 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Redfin has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Redfin are expected to grow in the coming year, from ($1.13) to ($0.77) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Redfin is -11.24, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Redfin is -11.24, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Redfin has a P/B Ratio of 669.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

16.93% of the outstanding shares of Redfin have been sold short.

Short Interest Ratio / Days to Cover

Redfin has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Redfin has recently increased by 11.76%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Redfin does not currently pay a dividend.

Dividend Growth

Redfin does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.3 / 5
• Environmental Score: -1.32

Percentage of Shares Shorted

16.93% of the outstanding shares of Redfin have been sold short.

Short Interest Ratio / Days to Cover

Redfin has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Redfin has recently increased by 11.76%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.27

News Sentiment

Redfin has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Redfin this week, compared to 10 articles on an average week.

Search Interest

Only 9 people have searched for RDFN on MarketBeat in the last 30 days. This is a decrease of -31% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Redfin to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Redfin insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $33,596.00 in company stock.

Percentage Held by Insiders

Only 4.40% of the stock of Redfin is held by insiders.

Percentage Held by Institutions

61.07% of the stock of Redfin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RDFN Stock Analysis - Frequently Asked Questions

How have RDFN shares performed this year?

Redfin's stock was trading at $10.32 at the start of the year. Since then, RDFN shares have increased by 29.7% and is now trading at $13.38.
View the best growth stocks for 2024 here.

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) issued its quarterly earnings data on Tuesday, August, 6th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.03. The business's revenue for the quarter was up 7.2% compared to the same quarter last year.

When did Redfin IPO?

Redfin (RDFN) raised $120 million in an initial public offering on Friday, July 28th 2017. The company issued 9,200,000 shares at $12.00-$14.00 per share. Goldman Sachs, Allen & Company, BofA Merrill Lynch and RBC Capital Markets acted as the underwriters for the IPO and Oppenheimer and Stifel were co-managers.

Who are Redfin's major shareholders?

Top institutional shareholders of Redfin include Wolverine Asset Management LLC, American Century Companies Inc. (1.26%), Federated Hermes Inc. (1.25%) and Bank of New York Mellon Corp (0.37%). Insiders that own company stock include Glenn Kelman, Christopher John Nielsen, James Slavet, Christian John Taubman, Anthony Ray Kappus, Anna Stevens, Scott Nagel, Robert J Mylod Jr and Adam Wiener.
View institutional ownership trends.

How do I buy shares of Redfin?

Shares of RDFN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Redfin own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Redfin investors own include Roku (ROKU), Trade Desk (TTD), NVIDIA (NVDA), Netflix (NFLX), Block (SQ), Walt Disney (DIS) and Tesla (TSLA).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/07/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate agents & managers
• Sub-Industry: Real Estate
• Current Symbol: NASDAQ:RDFN
• CUSIP: N/A
• CIK: 1382821
• Web: www.redfin.com
• Phone: (206) 576-8610
• Fax: N/A
• Employees: 4,693
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.68
• High Stock Price Target: $13.00
• Low Stock Price Target: $4.00
• Potential Upside/Downside: -44.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.19)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-130,030,000.00
• Net Margins: -13.55%
• Pretax Margin: -13.48%
• Return on Equity: -1,780.89%
• Return on Assets: -12.05%

Debt

• Debt-to-Equity Ratio: 295.91
• Current Ratio: 1.48
• Quick Ratio: 1.48

Sales & Book Value

• Annual Sales: $976.67 million
• Price / Sales: 1.73
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.02 per share
• Price / Book: 692.50

Miscellaneous

• Outstanding Shares: 121,770,000
• Free Float: 114,214,000
• Market Cap: $1.69 billion
• Optionable: Optionable
• Beta: 2.66