Redfin (RDFN) to Release Earnings on Tuesday

Redfin (NASDAQ:RDFN - Get Free Report) is expected to post its Q1 2025 quarterly earnings results after the market closes on Tuesday, May 6th. Analysts expect Redfin to post earnings of ($0.64) per share and revenue of $220.89 million for the quarter.

Redfin Stock Up 0.6 %

Shares of RDFN stock traded up $0.06 during mid-day trading on Friday, hitting $9.59. 10,886,956 shares of the company's stock were exchanged, compared to its average volume of 6,288,583. The stock has a 50-day simple moving average of $9.15 and a two-hundred day simple moving average of $8.94. Redfin has a fifty-two week low of $5.49 and a fifty-two week high of $15.29. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -7.49 and a beta of 2.50.

Insider Activity

In other Redfin news, insider Christian John Taubman sold 16,209 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $11.15, for a total value of $180,730.35. Following the completion of the transaction, the insider now owns 74,616 shares in the company, valued at approximately $831,968.40. This represents a 17.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RDFN shares. Zelman & Associates raised shares of Redfin to a "strong-buy" rating in a research report on Wednesday, March 5th. Gordon Haskett upgraded Redfin to a "hold" rating in a report on Monday, March 10th. B. Riley lowered shares of Redfin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th. Susquehanna decreased their price objective on shares of Redfin from $10.00 to $7.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Finally, Royal Bank of Canada lifted their target price on shares of Redfin from $8.00 to $12.50 and gave the company a "sector perform" rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $10.25.

About Redfin

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.