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AMD   176.01 (-0.29%)
BABA   76.51 (+0.72%)
T   16.59 (-1.25%)
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NASDAQ:RDFN

Redfin (RDFN) Stock Price, News & Analysis

$6.85
-0.04 (-0.58%)
(As of 02/26/2024 ET)
Today's Range
$6.71
$7.05
50-Day Range
$6.62
$10.63
52-Week Range
$4.26
$17.68
Volume
5.44 million shs
Average Volume
5.12 million shs
Market Capitalization
$789.39 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$8.30

Redfin MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.91 Rating Score
Upside/​Downside
21.2% Upside
$8.30 Price Target
Short Interest
Healthy
17.57% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.61
Upright™ Environmental Score
News Sentiment
0.46mentions of Redfin in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$466,924 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.17) to ($1.08) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.24 out of 5 stars

Finance Sector

466th out of 839 stocks

Real Estate Agents & Managers Industry

4th out of 14 stocks

RDFN stock logo

About Redfin Stock (NASDAQ:RDFN)

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. 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.

RDFN Stock Price History

RDFN Stock News Headlines

RDFN Mar 2024 7.000 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
RDFN Mar 2024 10.500 call
Anna Stevens Sells 10,851 Shares of Redfin Co. (NASDAQ:RDFN) Stock
Redfin: In Need Of A Housing Correction
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Redfin (RDFN) to Release Earnings on Tuesday
3 Stocks to Sell for Shifting Interest Rate Expectations
Short Interest in Redfin Co. (NASDAQ:RDFN) Declines By 7.7%
RDFN Feb 2024 9.500 put
RDFN Feb 2024 6.500 call
Looking Into Redfin's Recent Short Interest
See More Headlines
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Company Calendar

Last Earnings
8/03/2023
Today
2/26/2024
Next Earnings (Confirmed)
2/27/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate agents & managers
Sub-Industry
N/A
Current Symbol
NASDAQ:RDFN
Fax
N/A
Employees
5,572
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$8.30
High Stock Price Target
$15.00
Low Stock Price Target
$4.00
Potential Upside/Downside
+21.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.91
Research Coverage
11 Analysts

Profitability

Net Income
$-321,140,000.00
Pretax Margin
-16.00%

Debt

Sales & Book Value

Annual Sales
$2.28 billion
Book Value
$0.59 per share

Miscellaneous

Free Float
109,134,000
Market Cap
$784.78 million
Optionable
Optionable
Beta
2.74
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RDFN Stock Analysis - Frequently Asked Questions

Should I buy or sell Redfin stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last twelve months. There are currently 1 sell rating and 10 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" RDFN shares.
View RDFN analyst ratings
or view top-rated stocks.

What is Redfin's stock price target for 2024?

11 analysts have issued 12-month target prices for Redfin's stock. Their RDFN share price targets range from $4.00 to $15.00. On average, they expect the company's stock price to reach $8.30 in the next twelve months. This suggests a possible upside of 21.2% from the stock's current price.
View analysts price targets for RDFN
or view top-rated stocks among Wall Street analysts.

How have RDFN shares performed in 2024?

Redfin's stock was trading at $10.32 at the start of the year. Since then, RDFN shares have decreased by 33.6% and is now trading at $6.85.
View the best growth stocks for 2024 here
.

Are investors shorting Redfin?

Redfin saw a decrease in short interest in the month of January. As of January 31st, there was short interest totaling 20,250,000 shares, a decrease of 7.7% from the January 15th total of 21,950,000 shares. Based on an average daily trading volume, of 5,610,000 shares, the short-interest ratio is presently 3.6 days.
View Redfin's Short Interest
.

When is Redfin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our RDFN earnings forecast
.

How can I listen to Redfin's earnings call?

Redfin will be holding an earnings conference call on Tuesday, February 27th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) posted its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $0.07. The business had revenue of $275.50 million for the quarter, compared to analyst estimates of $275.70 million. Redfin had a negative trailing twelve-month return on equity of 957.88% and a negative net margin of 12.53%. The business's quarterly revenue was down 54.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.73) earnings per share.

What is Glenn Kelman's approval rating as Redfin's CEO?

387 employees have rated Redfin Chief Executive Officer Glenn Kelman on Glassdoor.com. Glenn Kelman has an approval rating of 80% among the company's employees.

What other stocks do shareholders of Redfin own?

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

When did Redfin IPO?

(RDFN) raised $120 million in an initial public offering on Friday, July 28th 2017. The company issued 9,200,000 shares at a price of $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?

Redfin's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.96%), Parallax Volatility Advisers L.P. (0.00%), Voloridge Investment Management LLC (1.46%), Federated Hermes Inc. (1.30%), Northern Trust Corp (0.90%) and Charles Schwab Investment Management Inc. (0.77%). Insiders that own company stock include Adam Wiener, Anna Stevens, Anthony Ray Kappus, Bradley E Singer, Bridget Frey, Christian John Taubman, Christopher John Nielsen, Glenn Kelman, James Slavet, Kerry D Chandler, Robert J Bass, Robert J Mylod Jr, Scott Nagel and Selina Tobaccowala.
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.

This page (NASDAQ:RDFN) was last updated on 2/26/2024 by MarketBeat.com Staff

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