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Redfin (RDFN) Stock Price, News & Analysis

$6.06
-0.14 (-2.26%)
(As of 11:45 AM ET)
Today's Range
$5.98
$6.12
50-Day Range
$5.57
$8.46
52-Week Range
$4.26
$17.68
Volume
1.41 million shs
Average Volume
5.23 million shs
Market Capitalization
$722.59 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.92

Redfin MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
30.6% Upside
$7.92 Price Target
Short Interest
Bearish
17.21% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.13mentions of Redfin in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$128,190 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.31) 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.

4.15 out of 5 stars

Finance Sector

868th out of 2,616 stocks

Real Estate Agents & Managers Industry

7th out of 42 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. 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.

RDFN Stock Price History

RDFN Stock News Headlines

Redfin (NASDAQ:RDFN) Shares Gap Down to $6.50
Gold Hits New All-Time Highs
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Gold Hits New All-Time Highs
Due to both domestic and global issues, the trajectory of this precious metal could skyrocket in the coming months… Which is why billionaires and Central Banks alike are scooping up gold at record rates!
Is Redfin Stock a Buy?
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
4/12/2024
Next Earnings (Estimated)
5/02/2024
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
4,693
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.92
High Stock Price Target
$15.00
Low Stock Price Target
$4.00
Potential Upside/Downside
+27.7%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
10 Analysts

Profitability

Net Income
$-130,030,000.00
Pretax Margin
-12.84%

Debt

Sales & Book Value

Annual Sales
$976.67 million
Book Value
$0.02 per share

Miscellaneous

Free Float
112,922,000
Market Cap
$739.29 million
Optionable
Optionable
Beta
2.66
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RDFN Stock Analysis - Frequently Asked Questions

Should I buy or sell Redfin stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 2 sell ratings and 8 hold ratings for the stock. The consensus among Wall Street equities 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?

10 analysts have issued 12 month price objectives for Redfin's shares. Their RDFN share price targets range from $4.00 to $15.00. On average, they expect the company's share price to reach $7.92 in the next year. This suggests a possible upside of 30.6% 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 beginning of 2024. Since then, RDFN stock has decreased by 41.3% and is now trading at $6.06.
View the best growth stocks for 2024 here
.

When is Redfin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our RDFN earnings forecast
.

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) issued its quarterly earnings data on Tuesday, February, 27th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.01. The company earned $218.08 million during the quarter, compared to analyst estimates of $220.32 million. Redfin had a negative net margin of 11.95% and a negative trailing twelve-month return on equity of 1,780.89%. The business's revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.83) EPS.

What guidance has Redfin issued on next quarter's earnings?

Redfin updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $214.0 million-$223.0 million, compared to the consensus revenue estimate of $219.1 million.

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?

Redfin (RDFN) raised $120 million in an initial public offering (IPO) 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?

Redfin's stock is owned by many different retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.10%). 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 4/12/2024 by MarketBeat.com Staff

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