Should I buy or sell Redfin stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 1 sell rating and 12 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 target for 2024?

13 Wall Street analysts have issued 12 month target prices for Redfin's shares. Their RDFN share price targets range from $4.00 to $15.00. On average, they predict the company's share price to reach $7.81 in the next year. This suggests a possible upside of 4.5% 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 shares have increased by 76.2% and is now trading at $7.47. 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, February 15th 2024. View our RDFN earnings forecast .

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) posted its earnings results on Thursday, November, 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.03. The company earned $268.96 million during the quarter, compared to analysts' expectations of $269.06 million. Redfin had a negative trailing twelve-month return on equity of 957.88% and a negative net margin of 12.53%.

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) .

(RDFN) raised $120 million in an initial public offering (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 served as the underwriters for the IPO and Oppenheimer and Stifel were co-managers.

Who are Redfin's major shareholders?

Redfin's stock is owned by a number of retail and institutional investors. Top institutional investors include Bares Capital Management Inc. (14.41%), Baillie Gifford & Co. (7.55%), Federated Hermes Inc. (1.27%), Northern Trust Corp (0.89%), Jacobs Levy Equity Management Inc. (0.87%) and Charles Schwab Investment Management Inc. (0.75%). 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 .

Lowest-Rated StocksLowest-Rated

Redfin Stock Price, News & Analysis (NASDAQ:RDFN)

$7.66

+0.69 (+9.90%)

(As of 02:51 PM ET)

Compare

Today's Range: $6.78
▼
$7.74
50-Day Range: $4.66
▼
$7.31
52-Week Range: $3.74
▼
$17.68

Volume: 4.00 million shs
Average Volume: 3.80 million shs
Market Capitalization: $882.74 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.81

Redfin MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.92 Rating Score
Upside/Downside: 4.5% Upside
$7.81 Price Target
Short Interest: Bearish
18.96% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.63
Upright™ Environmental Score
News Sentiment: 0.49
Based on 6 Articles This Week
Insider Trading: Selling Shares
$332,821 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.17) to ($1.14) Per Share

Overall MarketRank^™

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

1.55 out of 5 stars

Finance Sector

707th out of 878 stocks

Real Estate Agents & Managers Industry

10th out of 14 stocks

2.0

Analyst's Opinion

Consensus Rating
Redfin has received a consensus rating of Reduce. The company's average rating score is 1.92, and is based on no buy ratings, 12 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $7.81, Redfin has a forecasted upside of 4.5% from its current price of $7.47.
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
18.96% 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 5.5.
Change versus previous month
Short interest in Redfin has recently increased by 11.65%, 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.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Redfin has received a 26.65% 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 mostly driven by its "Home-selling services", "Real estate brokerage services", and "Mortgages" products. See details.
Environmental Sustainability
The Environmental Impact score for Redfin is -1.63.

1.9

News and Social Media Coverage

News Sentiment
Redfin has a news sentiment score of 0.49. 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 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Redfin this week, compared to 5 articles on an average week.
Search Interest
Only 12 people have searched for RDFN on MarketBeat in the last 30 days. This is a decrease of -37% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Redfin to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% 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 $332,821.00 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 ($1.17) to ($1.14) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Redfin is -4.85, 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 -4.85, 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 149.40. 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 Stock (NASDAQ:RDFN)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RDFN Stock News Headlines

November 30, 2023 | finance.yahoo.com

Redfin Report: Monthly Mortgage Payments Fall; New Listings Post Biggest Annual Uptick in Over 2 Years

November 29, 2023 | stockhouse.com

Redfin Report: Nashville Lands on List of Popular Homebuyer Migration Destinations For First Time Since 2021

December 1, 2023 | Edge On The Street (Ad)

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November 28, 2023 | bizjournals.com

Over a third of Orlando metro home listings saw price drops in October

November 28, 2023 | bizjournals.com

Redfin: Tampa Bay home values begin to increase

November 28, 2023 | finance.yahoo.com

Redfin Announces Home Price Index to Show Changes in U.S. Home Prices

November 20, 2023 | za.investing.com

Redfin CFO says housing market 'still pretty slow' despite a couple of hopeful signs

November 17, 2023 | msn.com

Spiking mortgage rates are pricing poorer Americans out of the housing market – with a third of all homes bought in cash, Redfin says

December 1, 2023 | DTI Trader (Ad)

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November 16, 2023 | finance.yahoo.com

Redfin Report: Mortgage Applications Tick Up As Rates Drop From Peak, New Listings Rise

November 15, 2023 | markets.businessinsider.com

Assessing Redfin’s Stable Market Share Amid Challenges: An Analyst’s Cautious Outlook on Future Performance

November 14, 2023 | finance.yahoo.com

Simple Math Imposes a Dark Cloud Over Redfin Stock (NASDAQ:RDFN)

November 9, 2023 | finance.yahoo.com

Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic Boomtowns

November 9, 2023 | finance.yahoo.com

Redfin Report: It’s the Best Time to Buy Since Mid-September, As Mortgage Rates Fall and Sellers Drop Prices

November 8, 2023 | msn.com

Share of All-Cash Home Purchases Hits Highest Level Since 2014, Redfin Says

November 8, 2023 | msn.com

A third of home buyers are paying all cash as mortgage rates stay high, Redfin says

November 8, 2023 | finance.yahoo.com

Redfin Reports U.S. Asking Rents Remained Sluggish in October Amid Rising Vacancy Rate

November 5, 2023 | seekingalpha.com

Redfin Is A Value Trap

November 3, 2023 | seekingalpha.com

Redfin: Uncertainty Has Never Been Higher

November 3, 2023 | msn.com

Share of Home Sellers Offering Price Declines Reaches Record Level in October, Redfin Says

November 3, 2023 | msn.com

What's Going On With Redfin Corporation Stock?

November 3, 2023 | seekingalpha.com

Redfin Stock: Trading At 0.4x Sales, Perhaps Soon Time To Buy

November 3, 2023 | finance.yahoo.com

Redfin Reports a Record Share of Home Sellers Drop Prices as High Rates Cut Into Buyers’ Budgets

November 3, 2023 | finance.yahoo.com

Redfin Reports Luxury Home Prices Are Outperforming as Affluent Buyers Dodge High Mortgage Rates

November 2, 2023 | finance.yahoo.com

Redfin Reports Third Quarter 2023 Financial Results

November 2, 2023 | msn.com

Redfin (RDFN) Reports Q3 Earnings: What Key Metrics Have to Say

November 2, 2023 | seekingalpha.com

Redfin Corporation 2023 Q3 - Results - Earnings Call Presentation

See More Headlines

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Company Calendar

Last Earnings: 11/02/2023
Today: 12/01/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/15/2024

Get Stock Alerts

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 Target: $7.81
High Stock Price Target: $15.00
Low Stock Price Target: $4.00
Potential Upside/Downside: +12.0%
Consensus Rating: Reduce
Rating Score (0-4): 1.92
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.54)
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: -12.53%
Pretax Margin: -14.61%
Return on Equity: -957.88%
Return on Assets: -17.85%

Debt

Debt-to-Equity Ratio: 139.00
Current Ratio: 1.59
Quick Ratio: 1.59

Sales & Book Value

Annual Sales: $2.28 billion
Price / Sales: 0.35
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.05 per share
Price / Book: 139.40

Miscellaneous

Outstanding Shares: 115,240,000
Free Float: 109,134,000
Market Cap: $803.22 million
Optionable: Optionable
Beta: 2.50

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Key Executives

Mr. Glenn Kelman (Age 51)
President, 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 Human Resources 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
Senior Vice President of Real Estate Operations
Ms. Daryl Fairweather Ph.D.
Chief Economist
Mr. Christian John Taubman (Age 44)
Chief Growth Officer
Comp: $281.17k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RDFN Stock Analysis - Frequently Asked Questions

Should I buy or sell Redfin stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 1 sell rating and 12 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 target for 2024?: 13 Wall Street analysts have issued 12 month target prices for Redfin's shares. Their RDFN share price targets range from $4.00 to $15.00. On average, they predict the company's share price to reach $7.81 in the next year. This suggests a possible upside of 4.5% 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 shares have increased by 76.2% and is now trading at $7.47.
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, February 15th 2024.
View our RDFN earnings forecast.
How were Redfin's earnings last quarter?: Redfin Co. (NASDAQ:RDFN) posted its earnings results on Thursday, November, 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.03. The company earned $268.96 million during the quarter, compared to analysts' expectations of $269.06 million. Redfin had a negative trailing twelve-month return on equity of 957.88% and a negative net margin of 12.53%.
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 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.
Who are Redfin's major shareholders?: Redfin's stock is owned by a number of retail and institutional investors. Top institutional investors include Bares Capital Management Inc. (14.41%), Baillie Gifford & Co. (7.55%), Federated Hermes Inc. (1.27%), Northern Trust Corp (0.89%), Jacobs Levy Equity Management Inc. (0.87%) and Charles Schwab Investment Management Inc. (0.75%). 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.

This page (NASDAQ:RDFN) was last updated on 12/1/2023 by MarketBeat.com Staff

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