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Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
NASDAQ:RDFN

Redfin - RDFN Stock Forecast, Price & News

$11.07
-1.02 (-8.44%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.63
$11.77
50-Day Range
$7.24
$12.09
52-Week Range
$7.13
$56.44
Volume
4.56 million shs
Average Volume
2.64 million shs
Market Capitalization
$1.20 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$22.00

Redfin MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
98.0% Upside
$21.92 Price Target
Short Interest
Healthy
14.85% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.14
Upright™ Environmental Score
News Sentiment
-0.08mentions of Redfin in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$354,975 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.03) to ($1.68) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.09 out of 5 stars

Finance Sector

589th out of 885 stocks

Real Estate Agents & Managers Industry

9th out of 15 stocks

RDFN stock logo

About Redfin (NASDAQ:RDFN) Stock

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; originates and sells mortgages; and buys and sells homes. 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.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Redfin from $20.00 to $17.50 and set a "neutral" rating on the stock in a report on Tuesday, April 19th. Stifel Nicolaus cut their price objective on shares of Redfin from $10.00 to $9.00 in a report on Monday. Compass Point restated a "neutral" rating and issued a $8.50 price objective on shares of Redfin in a report on Tuesday, June 21st. KeyCorp assumed coverage on shares of Redfin in a report on Tuesday, July 12th. They issued a "sector weight" rating on the stock. Finally, Piper Sandler cut their target price on shares of Redfin from $11.00 to $10.00 in a report on Friday, May 6th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.92.

Redfin Stock Performance

Shares of RDFN Stock opened at $11.07 on Wednesday. The stock has a market cap of $1.20 billion, a P/E ratio of -5.37 and a beta of 1.92. The company has a debt-to-equity ratio of 5.26, a current ratio of 3.66 and a quick ratio of 2.84. The company has a fifty day moving average price of $9.21 and a two-hundred day moving average price of $15.21. Redfin has a one year low of $7.13 and a one year high of $56.44.

Redfin (NASDAQ:RDFN - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.73) EPS for the quarter, missing analysts' consensus estimates of ($0.62) by ($0.11). The firm had revenue of $606.92 million during the quarter, compared to analyst estimates of $611.37 million. Redfin had a negative net margin of 9.00% and a negative return on equity of 73.11%. The business's revenue was up 28.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.29) EPS. As a group, equities analysts predict that Redfin will post -2.03 EPS for the current year.

Insider Transactions at Redfin

In other Redfin news, CFO Christopher John Nielsen sold 4,500 shares of Redfin stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $8.15, for a total value of $36,675.00. Following the completion of the sale, the chief financial officer now owns 73,786 shares in the company, valued at approximately $601,355.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Glenn Kelman sold 15,000 shares of Redfin stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $10.54, for a total transaction of $158,100.00. Following the sale, the chief executive officer now directly owns 1,226,502 shares of the company's stock, valued at approximately $12,927,331.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher John Nielsen sold 4,500 shares of the business's stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $8.15, for a total transaction of $36,675.00. Following the sale, the chief financial officer now directly owns 73,786 shares in the company, valued at $601,355.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,500 shares of company stock worth $354,975. 5.20% of the stock is owned by insiders.

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RDFN Stock News Headlines

Why Redfin Stock Plunged Into the Red On Tuesday
Redfin (NASDAQ:RDFN) Shares Gap Down Following Weak Earnings
Analyzing Douglas Elliman (NYSE:DOUG) & Redfin (NASDAQ:RDFN)
Redfin (RDFN) Q2 2022 Earnings Call Transcript
Redfin Reports Second Quarter 2022 Financial Results
Redfin (RDFN) Set to Announce Earnings on Thursday
Where Redfin Stands With Analysts - Benzinga
See More Headlines
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RDFN Company Calendar

Last Earnings
8/04/2022
Today
8/10/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate agents & managers
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:RDFN
Fax
N/A
Employees
6,485
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$21.92
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$8.50
Forecasted Upside/Downside
+98.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
14 Analysts

Profitability

Net Income
$-109,610,000.00
Pretax Margin
-7.58%

Debt

Sales & Book Value

Annual Sales
$1.92 billion
Book Value
$2.94 per share

Miscellaneous

Free Float
102,815,000
Market Cap
$1.20 billion
Optionable
Optionable
Beta
1.92














RDFN Stock - Frequently Asked Questions

Should I buy or sell Redfin stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 1 sell rating, 12 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RDFN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RDFN, but not buy additional shares or sell existing shares.
View RDFN analyst ratings
or view top-rated stocks.

What is Redfin's stock price forecast for 2022?

14 Wall Street research analysts have issued 12-month target prices for Redfin's shares. Their RDFN share price forecasts range from $8.50 to $60.00. On average, they expect the company's share price to reach $21.92 in the next twelve months. This suggests a possible upside of 98.0% from the stock's current price.
View analysts price targets for RDFN
or view top-rated stocks among Wall Street analysts.

How has Redfin's stock performed in 2022?

Redfin's stock was trading at $38.39 on January 1st, 2022. Since then, RDFN stock has decreased by 71.2% and is now trading at $11.07.
View the best growth stocks for 2022 here
.

When is Redfin's next earnings date?

Redfin is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our RDFN earnings forecast
.

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) announced its quarterly earnings data on Thursday, August, 4th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.62) by $0.11. The company earned $606.92 million during the quarter, compared to analysts' expectations of $611.37 million. Redfin had a negative trailing twelve-month return on equity of 73.11% and a negative net margin of 9.00%. The company's revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.29) EPS.

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

Redfin issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $590.00 million-$627.00 million, compared to the consensus revenue estimate of $626.66 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?

(RDFN) raised $120 million in an IPO 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.

What is Redfin's stock symbol?

Redfin trades on the NASDAQ under the ticker symbol "RDFN."

Who are Redfin's major shareholders?

Redfin's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (9.33%), HST Ventures LLC (0.70%), Wolverine Asset Management LLC (0.00%), Russell Investments Group Ltd. (0.22%), State of New Jersey Common Pension Fund D (0.20%) and CWM LLC (0.15%). Insiders that own company stock include Adam Wiener, Anthony Ray Kappus, Bradley E Singer, Bridget Frey, Christian John Taubman, Christopher John Nielsen, Glenn Kelman, James Slavet, Julie Bornstein, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Redfin's stock price today?

One share of RDFN stock can currently be purchased for approximately $11.07.

How much money does Redfin make?

Redfin (NASDAQ:RDFN) has a market capitalization of $1.20 billion and generates $1.92 billion in revenue each year. The company earns $-109,610,000.00 in net income (profit) each year or ($2.06) on an earnings per share basis.

How many employees does Redfin have?

Redfin employs 6,485 workers across the globe.

How can I contact Redfin?

Redfin's mailing address is 1099 STEWART STREET SUITE 600, SEATTLE WA, 98101. The official website for the company is www.redfin.com. The company can be reached via phone at (206) 576-8333 or via email at ir@redfin.com.

This page (NASDAQ:RDFN) was last updated on 8/10/2022 by MarketBeat.com Staff

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