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NASDAQ:RDFN

Redfin - RDFN Stock Forecast, Price & News

$8.00
-0.29 (-3.50%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
$7.77
$8.33
50-Day Range
$5.62
$9.88
52-Week Range
$3.08
$20.24
Volume
3.42 million shs
Average Volume
4.29 million shs
Market Capitalization
$877.88 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.73

Redfin MarketRank™ Forecast

Analyst Rating
Hold
1.77 Rating Score
Upside/​Downside
15.9% Downside
$6.73 Price Target
Short Interest
Bearish
16.73% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.42
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$354,390 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.52) to ($0.93) Per Share

Overall MarketRank

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

1.58 out of 5 stars

Finance Sector

818th out of 868 stocks

Real Estate Agents & Managers Industry

12th out of 13 stocks


RDFN stock logo

About Redfin (NASDAQ:RDFN) Stock

Redfin 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.

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RDFN Stock News Headlines

Why Redfin Stock Soared 25% This Week
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
Redfin (NASDAQ:RDFN) Stock Price Up 6.4%
Why Redfin Stock Jumped Today
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
Redfin Reports Rents Drop to Lowest Level in a Year
Redfin (RDFN) Q4 2022 Earnings Call Transcript
Is Redfin's Stock Ready to Make a Sustained Recovery?
Redfin Report: The Housing Market Has Started to Recover
See More Headlines
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RDFN Company Calendar

Last Earnings
2/16/2023
Today
3/24/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate agents & managers
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:RDFN
Fax
N/A
Employees
5,572
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$6.73
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
-15.9%
Consensus Rating
Hold
Rating Score (0-4)
1.77
Research Coverage
13 Analysts

Profitability

Net Income
$-321,140,000.00
Pretax Margin
-14.05%

Debt

Sales & Book Value

Annual Sales
$2.28 billion
Book Value
$0.59 per share

Miscellaneous

Free Float
104,029,000
Market Cap
$877.88 million
Optionable
Optionable
Beta
2.22

Key Executives

  • Glenn KelmanGlenn Kelman
    President, Chief Executive Officer & Director
  • Chris Nielsen
    Chief Financial Officer & Treasurer
  • Bridget J. FreyBridget J. Frey
    Chief Technology Officer
  • Adam WienerAdam Wiener
    President-Real State Operations
  • Daryl Fairweather
    Chief Economist













RDFN Stock - Frequently Asked Questions

Should I buy or sell Redfin stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 3 sell ratings and 10 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?

13 Wall Street analysts have issued 12 month price targets for Redfin's stock. Their RDFN share price forecasts range from $4.00 to $10.00. On average, they predict the company's share price to reach $6.73 in the next year. This suggests that the stock has a possible downside of 15.9%.
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 the year. Since then, RDFN stock has increased by 88.7% and is now trading at $8.00.
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, May 4th 2023.
View our RDFN earnings forecast
.

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) announced its quarterly earnings results on Thursday, February, 16th. The company reported ($0.83) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.13) by $0.30. The firm earned $479.66 million during the quarter, compared to analysts' expectations of $446.39 million. Redfin had a negative net margin of 14.06% and a negative trailing twelve-month return on equity of 234.33%.

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

Redfin updated its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $307.00 million-$324.00 million, compared to the consensus revenue estimate of $285.38 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 $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 number of institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (8.89%), Durable Capital Partners LP (3.17%), Geode Capital Management LLC (2.00%), Two Sigma Investments LP (1.83%), Renaissance Technologies LLC (1.79%) and Susquehanna International Group LLP (0.00%). 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 $8.00.

How much money does Redfin make?

Redfin (NASDAQ:RDFN) has a market capitalization of $877.88 million and generates $2.28 billion in revenue each year. The company earns $-321,140,000.00 in net income (profit) each year or ($2.99) 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 3/24/2023 by MarketBeat.com Staff