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 3 sell ratings and 9 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 brokers have issued 12-month price objectives for Redfin's shares. Their RDFN share price forecasts range from $4.00 to $15.00. On average, they predict the company's stock price to reach $7.44 in the next twelve months. This suggests a possible upside of 6.3% 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 at the beginning of 2023. Since then, RDFN stock has increased by 65.1% and is now trading at $7.00.
View the best growth stocks for 2023 here.

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) issued its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.07. The business earned $275.50 million during the quarter, compared to the consensus estimate 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 for the quarter was down 54.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.73) earnings per share.

Redfin updated its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) 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 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 acted as the underwriters for the IPO and Oppenheimer and Stifel were co-managers.

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

Redfin's stock is owned by a variety of retail and institutional investors. Top institutional investors 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.

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.

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.