NASDAQ:RDFN Redfin (RDFN) Stock Forecast, Price & News $10.06 +0.27 (+2.76%) (As of 06/1/2023 ET) Add Compare Share Share Today's Range$9.51▼$10.3750-Day Range$6.85▼$11.1752-Week Range$3.08▼$13.03Volume2.32 million shsAverage Volume3.37 million shsMarket Capitalization$1.11 billionP/E RatioN/ADividend YieldN/APrice Target$6.76 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Redfin MarketRank™ ForecastAnalyst RatingHold1.86 Rating ScoreUpside/Downside32.8% Downside$6.76 Price TargetShort InterestBearish18.47% of Shares Sold ShortDividend StrengthN/ASustainability-2.08Upright™ Environmental ScoreNews Sentiment0.31Based on 14 Articles This WeekInsider TradingSelling Shares$1.72 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.11) to ($0.90) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.34 out of 5 starsFinance Sector1735th out of 1,784 stocksReal Estate Agents & Managers Industry25th out of 28 stocks 0.9 Analyst's Opinion Consensus RatingRedfin has received a consensus rating of Hold. The company's average rating score is 1.86, and is based on no buy ratings, 12 hold ratings, and 2 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $6.76, Redfin has a forecasted downside of 32.8% from its current price of $10.06.Amount of Analyst CoverageRedfin has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted18.47% of the outstanding shares of Redfin have been sold short.Short Interest Ratio / Days to CoverRedfin has a short interest ratio ("days to cover") of 6.4.Change versus previous monthShort interest in Redfin has recently increased by 8.08%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldRedfin does not currently pay a dividend.Dividend GrowthRedfin does not have a long track record of dividend growth. Previous Next 2.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreRedfin has received a 25.71% net impact score from Upright. Redfin seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is driven by its "Home-selling services" and "Apartment leasing services" products. See details.Environmental SustainabilityThe Environmental Impact score for Redfin is -2.08. Previous Next 3.0 News and Social Media Coverage News SentimentRedfin has a news sentiment score of 0.31. 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 0.51 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Redfin this week, compared to 8 articles on an average week.Search Interest30 people have searched for RDFN on MarketBeat in the last 30 days. This is an increase of 7% compared to the previous 30 days.MarketBeat Follows15 people have added Redfin to their MarketBeat watchlist in the last 30 days. This is an increase of 88% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $1,718,152.00 in company stock.Percentage Held by InsidersOnly 5.20% of the stock of Redfin is held by insiders.Percentage Held by Institutions81.81% of the stock of Redfin is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Redfin are expected to grow in the coming year, from ($1.11) to ($0.90) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Redfin is -3.75, 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. SectorThe P/E ratio of Redfin is -3.75, 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 RatioRedfin has a P/B Ratio of 52.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Redfin (NASDAQ:RDFN) StockRedfin Corp. engages in the management of an online real estate marketplace and provision of real estate services. It operates through the following segments: Real Estate Services, Properties, Rentals, Mortgage, and Other. The company was founded by David Selinger, David Eraker, and Michael Dougherty in October 2002 and is headquartered in Seattle, WA.Read More Receive RDFN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Redfin and its competitors with MarketBeat's FREE daily newsletter. Email Address RDFN Stock News HeadlinesJune 1, 2023 | americanbankingnews.comChristopher John Nielsen Sells 174,588 Shares of Redfin Co. (NASDAQ:RDFN) StockJune 1, 2023 | americanbankingnews.comInsider Selling: Redfin Co. (NASDAQ:RDFN) CFO Sells 174,588 Shares of StockJune 2, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. May 31, 2023 | msn.comInvestor Home Purchases Tumble Record 49% Annually in First Quarter, Redfin SaysMay 31, 2023 | markets.businessinsider.comElon Musk said home prices will crater - and it prompted a sharp rebuttal from the CEO of housing giant RedfinMay 30, 2023 | finance.yahoo.comRedfin to Present at BofA Securities 2023 Global Technology ConferenceMay 30, 2023 | seekingalpha.comWaiting On More Evidence That Redfin Can Rebound Despite Housing RecessionMay 29, 2023 | americanbankingnews.comBrokerages Set Redfin Co. (NASDAQ:RDFN) PT at $6.60June 2, 2023 | Edge On The Street (Ad)The Real Problem With "Made in America" LithiumPoliticians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple. May 27, 2023 | americanbankingnews.comDA Davidson Boosts Redfin (NASDAQ:RDFN) Price Target to $10.00May 26, 2023 | bizjournals.comMortgage rates top 7%, hampering sales in some area submarkets but not Seattle, Redfin agents sayMay 26, 2023 | msn.comDA Davidson Maintains Redfin (RDFN) Neutral RecommendationMay 25, 2023 | stockhouse.comMore Than 2 in 5 Home Sellers Are Making Concessions to Buyers, Nearly Double Last Year's ShareMay 24, 2023 | msn.comCheaper To Buy A Home Rather Than Rent? Not AnymoreMay 21, 2023 | americanbankingnews.comComparing Ohmyhome (NASDAQ:OMH) & Redfin (NASDAQ:RDFN)May 19, 2023 | msn.comHomebuying More Affordable Than Renting in Four Major Metro Areas, Redfin SaysMay 19, 2023 | finance.yahoo.comRedfin Reports There Are Only Four Major U.S. Metro Areas Where It’s Cheaper to Buy a Home Than RentMay 16, 2023 | seekingalpha.comRedfin: A Hold After Q1 EarningsMay 15, 2023 | finance.yahoo.comRedfin Is Up 165% in 2023 -- Could It Still Be a Long-Term Bargain?May 11, 2023 | finance.yahoo.comRedfin to Present at 18th Annual Needham Technology & Media ConferenceMay 11, 2023 | americanbankingnews.comRedfin Co. (NASDAQ:RDFN) Expected to Earn Q2 2023 Earnings of ($0.36) Per ShareMay 10, 2023 | msn.comOppenheimer Maintains Redfin (RDFN) Underperform RecommendationMay 5, 2023 | americanbankingnews.comRedfin (NASDAQ:RDFN) Stock Rating Upgraded by Compass PointMay 5, 2023 | finance.yahoo.comRedfin (RDFN) Q1 2023 Earnings Call TranscriptMay 4, 2023 | seekingalpha.comRedfin Corporation (RDFN) Q1 2023 Earnings Call' TranscriptMay 4, 2023 | finance.yahoo.comRedfin Reports First Quarter 2023 Financial ResultsMay 4, 2023 | finance.yahoo.comHere's Why I Still Own RedfinSee More Headlines RDFN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RDFN Company Calendar Last Earnings5/04/2023Today6/02/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Real estate agents & managers Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:RDFN CUSIPN/A CIK1382821 Webwww.redfin.com Phone(206) 576-8610FaxN/AEmployees5,572Year FoundedN/APrice Target and Rating Average Stock Price Forecast$6.76 High Stock Price Forecast$10.00 Low Stock Price Forecast$4.00 Forecasted Upside/Downside-32.8%Consensus RatingHold Rating Score (0-4)1.86 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)($2.68) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-321,140,000.00 Net Margins-14.46% Pretax Margin-14.44% Return on Equity-387.26% Return on Assets-20.22% Debt Debt-to-Equity Ratio44.94 Current Ratio1.80 Quick Ratio1.77 Sales & Book Value Annual Sales$2.28 billion Price / Sales0.49 Cash FlowN/A Price / Cash FlowN/A Book Value$0.19 per share Price / Book52.95Miscellaneous Outstanding Shares110,800,000Free Float105,043,000Market Cap$1.11 billion OptionableOptionable Beta2.28 Key ExecutivesGlenn KelmanPresident, Chief Executive Officer & DirectorChris NielsenChief Financial Officer & TreasurerBridget J. FreyChief Technology OfficerAdam WienerPresident-Real State OperationsDaryl FairweatherChief EconomistKey CompetitorsNewmark GroupNASDAQ:NMRKMarcus & MillichapNYSE:MMIAnywhere Real EstateNYSE:HOUSRE/MAXNYSE:RMAXDouglas EllimanNYSE:DOUGView All CompetitorsInsiders & InstitutionsChristopher John NielsenSold 174,588 sharesTotal: $1.63 M ($9.34/share)ProShare Advisors LLCSold 1,166 shares on 5/26/2023Ownership: 0.011%Ameriprise Financial Inc.Bought 123,755 shares on 5/22/2023Ownership: 0.112%New York State Common Retirement FundSold 25,300 shares on 5/18/2023Ownership: 0.043%Geode Capital Management LLCBought 67,418 shares on 5/16/2023Ownership: 2.024%View All Insider TransactionsView All Institutional Transactions 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 2 sell ratings and 12 hold ratings 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 2023? 14 analysts have issued 12-month target prices for Redfin's stock. Their RDFN share price forecasts range from $4.00 to $10.00. On average, they predict the company's stock price to reach $6.76 in the next year. This suggests that the stock has a possible downside of 32.8%. View analysts price targets for RDFN or view top-rated stocks among Wall Street analysts. How have RDFN shares performed in 2023? Redfin's stock was trading at $4.24 at the beginning of 2023. Since then, RDFN stock has increased by 137.3% and is now trading at $10.06. View the best growth stocks for 2023 here. When is Redfin's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. View our RDFN earnings forecast. How were Redfin's earnings last quarter? Redfin Co. (NASDAQ:RDFN) released its quarterly earnings data on Thursday, May, 4th. The company reported ($0.93) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.01) by $0.08. The business earned $325.66 million during the quarter, compared to analysts' expectations of $314.95 million. Redfin had a negative net margin of 14.46% and a negative trailing twelve-month return on equity of 387.26%. What ETFs hold Redfin's stock? ETFs with the largest weight of Redfin (NASDAQ:RDFN) stock in their portfolio include Invesco DWA Financial Momentum ETF (PFI), Hoya Capital Housing ETF (HOMZ), WisdomTree Growth Leaders Fund (PLAT), Amplify Inflation Fighter ETF (IWIN), Fidelity MSCI Real Estate Index ETF (FREL), Vanguard Real Estate ETF (VNQ), Motley Fool Next Index ETF (TMFX) and Invesco NASDAQ Internet ETF (PNQI). What guidance has Redfin issued on next quarter's earnings? Redfin issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $268.00 million-$281.00 million, compared to the consensus revenue estimate of $297.04 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 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 served 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 number of retail and institutional investors. Top institutional shareholders include Davidson Kempner Capital Management LP (0.00%), Bares Capital Management Inc. (16.31%), Baillie Gifford & Co. (8.31%), Two Sigma Investments LP (2.13%), Geode Capital Management LLC (2.02%) and Renaissance Technologies LLC (1.96%). 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 $10.06. How much money does Redfin make? Redfin (NASDAQ:RDFN) has a market capitalization of $1.11 billion and generates $2.28 billion in revenue each year. The company earns $-321,140,000.00 in net income (profit) each year or ($2.68) on an earnings per share basis. How many employees does Redfin have? The company employs 5,572 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) 576-8610 or via email at ir@redfin.com. This page (NASDAQ:RDFN) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Redfin Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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