NASDAQ:RDFN

Redfin (RDFN) Stock Forecast, Price & News

$6.94

+0.06 (+0.87%)

(As of 01:10 PM ET)

Compare

Today's Range: $6.85
▼
$7.12
50-Day Range: $6.88
▼
$15.27
52-Week Range: $3.08
▼
$17.68

Volume: 911,725 shs
Average Volume: 3.57 million shs
Market Capitalization: $790.95 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.22

Redfin MarketRank™ Forecast

Analyst Rating: Reduce
1.83 Rating Score
Upside/Downside: 3.4% Upside
$7.22 Price Target
Short Interest: Bearish
13.84% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -2.10
Upright™ Environmental Score
News Sentiment: 0.60
Based on 12 Articles This Week
Insider Trading: Selling Shares
$293,798 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.15) to ($0.94) Per Share

Overall MarketRank^™

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

1.60 out of 5 stars

Finance Sector

786th out of 842 stocks

Real Estate Agents & Managers Industry

10th out of 13 stocks

1.9

Analyst's Opinion

Consensus Rating
Redfin has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on no buy ratings, 10 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.22, Redfin has a forecasted upside of 3.4% from its current price of $6.98.
Amount of Analyst Coverage
Redfin has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
13.84% of the outstanding shares of Redfin have been sold short.
Short Interest Ratio / Days to Cover
Redfin has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in Redfin has recently increased by 5.84%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Redfin does not currently pay a dividend.
Dividend Growth
Redfin does not have a long track record of dividend growth.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Redfin has received a 25.09% 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 Sustainability
The Environmental Impact score for Redfin is -2.10.

2.6

News and Social Media Coverage

News Sentiment
Redfin has a news sentiment score of 0.60. 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 0.84 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Redfin this week, compared to 6 articles on an average week.
Search Interest
Only 6 people have searched for RDFN on MarketBeat in the last 30 days. This is a decrease of -79% compared to the previous 30 days.
MarketBeat Follows
15 people have added Redfin to their MarketBeat watchlist in the last 30 days. This is an increase of 275% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 $293,798.00 in company stock.
Percentage Held by Insiders
Only 5.30% of the stock of Redfin is held by insiders.
Percentage Held by Institutions
78.59% of the stock of Redfin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Redfin are expected to grow in the coming year, from ($1.15) to ($0.94) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Redfin is -3.17, 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. Sector
The P/E ratio of Redfin is -3.17, 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 Ratio
Redfin has a P/B Ratio of 11.83. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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; 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 Price History

30 days | 90 days | 365 days | Advanced Chart

RDFN Stock News Headlines

September 27, 2023 | 247wallst.com

Gordon Haskett Upgrades Redfin

September 27, 2023 | americanbankingnews.com

Redfin (NASDAQ:RDFN) Upgraded at Gordon Haskett

September 27, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 26, 2023 | msn.com

Redfin CEO explains why the housing market is taking a beating

September 26, 2023 | msn.com

Gordon Haskett Upgrades Redfin (RDFN)

September 26, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Redfin

September 26, 2023 | americanbankingnews.com

Redfin Co. (NASDAQ:RDFN) Given Consensus Rating of "Reduce" by Brokerages

September 25, 2023 | bizjournals.com

Investor activity slides amid a more challenging housing market

September 27, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 22, 2023 | msn.com

Pending Home Sales Decline by Double Digits as Low Inventory Buoys Prices, Redfin Says

September 16, 2023 | msn.com

U.S. home purchases scrapped at highest rate in 10 months - Redfin

September 15, 2023 | msn.com

Homebuyers Pull Out of Property Deals at Highest Rate Since Last October, Redfin Says

September 15, 2023 | finance.yahoo.com

Redfin Reports Home Purchases Fell Through at the Highest Rate in Nearly a Year in August

September 14, 2023 | msn.com

Monthly Mortgage Payments Hit All-Time High Amid Elevated Mortgage Rates, Home Prices, Redfin Says

September 13, 2023 | finance.yahoo.com

This Tech Stock Has Surprised Wall Street and Climbed 125% in 2023 -- Is It Still a Buy?

September 12, 2023 | stockhouse.com

Redfin Reports Landlords Are Charging Near-Record Rents-But Offering Concessions

September 12, 2023 | finance.yahoo.com

Redfin Reports Landlords Are Charging Near-Record Rents—But Offering Concessions

September 8, 2023 | stockhouse.com

Redfin Survey: 1 in 5 Millennial Respondents Believe They'll Never Own a Home

September 6, 2023 | msn.com

US Homes Fetch 78% Capital Gain During July Quarter, Redfin Says

September 6, 2023 | finance.yahoo.com

Redfin Reports 1 in 8 San Francisco Home Sellers Is Losing Money—the Highest Share in the Nation

September 3, 2023 | msn.com

U.S. home prices rise by most in 10 months amid inventory shortage - Redfin

September 1, 2023 | msn.com

Home Prices Post Biggest Uptick in 10 Months Amid 'Severe Lack' of Resale Supply, Redfin Says

August 31, 2023 | msn.com

Monthly Mortgage Payments Just Hit All-Time High — And Prices Jumped The Most In 10 Months

August 31, 2023 | bizjournals.com

Redfin's chief economist expects slow recovery for housing market

August 30, 2023 | msn.com

Adam Wiener, Redfin president of real estate services, is departing

August 30, 2023 | bizjournals.com

Redfin's president of real estate operations to depart

August 30, 2023 | finance.yahoo.com

Zillow, Redfin rise on July pending home sales data

See More Headlines

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RDFN Company Calendar

Last Earnings: 8/03/2023
Today: 9/27/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Real estate agents & managers
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:RDFN
CUSIP: N/A
CIK: 1382821
Web: www.redfin.com
Phone: (206) 576-8610
Fax: N/A
Employees: 5,572
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.22
High Stock Price Forecast: $15.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +5.1%
Consensus Rating: Reduce
Rating Score (0-4): 1.83
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.20)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-321,140,000.00
Net Margins: -14.29%
Pretax Margin: -14.47%
Return on Equity: -616.23%
Return on Assets: -19.76%

Debt

Debt-to-Equity Ratio: 87.86
Current Ratio: 1.46
Quick Ratio: 1.46

Sales & Book Value

Annual Sales: $2.28 billion
Price / Sales: 0.34
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.59 per share
Price / Book: 11.64

Miscellaneous

Outstanding Shares: 113,970,000
Free Float: 107,934,000
Market Cap: $782.97 million
Optionable: Optionable
Beta: 2.41

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Key Executives

Mr. Glenn Kelman (Age 51)
Pres, CEO & Director
Comp: $300k

Mr. Christopher Nielsen (Age 56)
Chief Financial Officer
Comp: $542k

Ms. Bridget Jean Frey (Age 45)
Chief Technology Officer
Comp: $449.34k

Ms. Anna Stevens (Age 50)
Chief HR Officer
Comp: $913.46k

Mr. Adam J. Wiener (Age 44)
Advisor
Comp: $432.4k

Ms. Meg Nunnally
Head of Investor Relations

Mr. Anthony Ray Kappus (Age 42)
Chief Legal Officer

Ms. Karen S. Krupsaw
Sr. VP of Real Estate Operations

Ms. Daryl Fairweather Ph.D.
Chief Economist

Mr. Christian John Taubman (Age 44)
Chief Growth Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RDFN Stock - Frequently Asked Questions

Should I buy or sell Redfin stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 2 sell ratings and 10 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" RDFN shares.
View RDFN analyst ratings or view top-rated stocks.
What is Redfin's stock price forecast for 2023?: 12 Wall Street research analysts have issued twelve-month target prices for Redfin's shares. Their RDFN share price forecasts range from $4.00 to $15.00. On average, they anticipate the company's stock price to reach $7.22 in the next year. This suggests a possible upside of 5.1% 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 2023?: Redfin's stock was trading at $4.24 on January 1st, 2023. Since then, RDFN stock has increased by 62.0% and is now trading at $6.87.
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 Wednesday, November 8th 2023.
View our RDFN earnings forecast.
How were Redfin's earnings last quarter?: Redfin Co. (NASDAQ:RDFN) announced 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 firm earned $275.50 million during the quarter, compared to analysts' expectations of $275.70 million. Redfin had a negative net margin of 14.29% and a negative trailing twelve-month return on equity of 616.23%. The firm's revenue was down 54.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.73) EPS.
What guidance has Redfin issued on next quarter's earnings?: Redfin issued an update on its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $265.00 million-$279.00 million, compared to the consensus revenue estimate of $288.21 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 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 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 many different retail and institutional investors. Top institutional shareholders include Bares Capital Management Inc. (15.20%), Baillie Gifford & Co. (7.85%), Geode Capital Management LLC (2.06%), Renaissance Technologies LLC (1.84%), Northern Trust Corp (0.90%) and Charles Schwab Investment Management Inc. (0.72%). 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, 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 $6.87.
How much money does Redfin make?: Redfin (NASDAQ:RDFN) has a market capitalization of $782.97 million and generates $2.28 billion in revenue each year. The company earns $-321,140,000.00 in net income (profit) each year or ($2.20) 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 9/27/2023 by MarketBeat.com Staff

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