Redfin (RDFN) Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last twelve months. There are currently 1 sell rating and 11 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.

12 Wall Street research analysts have issued twelve-month price targets for Redfin's shares. Their RDFN share price forecasts range from $4.00 to $15.00. On average, they anticipate the company's share price to reach $7.19 in the next year. This suggests a possible upside of 2.7% from the stock's current price.
View analysts price targets for RDFN or view top-rated stocks among Wall Street analysts.

Redfin's stock was trading at $4.24 on January 1st, 2023. Since then, RDFN stock has increased by 65.1% and is now trading at $7.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our RDFN earnings forecast.

Redfin Co. (NASDAQ:RDFN) announced its 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 616.23% and a negative net margin of 14.29%. The firm's revenue for the quarter was down 54.6% compared to the same quarter last year. During the same period last year, the business earned ($0.73) earnings per share.

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.

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.

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).

(RDFN) raised $120 million in an 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.

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

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.
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One share of RDFN stock can currently be purchased for approximately $7.00.

Redfin (NASDAQ:RDFN) has a market capitalization of $797.79 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.

The company employs 5,572 workers across the globe.

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.