Redfin (RDFN) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 2 sell ratings and 12 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.
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14 analysts have issued 12-month target prices for Redfin's stock. Their RDFN share price forecasts range from $4.00 to $10.00. On average, they predict the company's stock price to reach $6.76 in the next year. This suggests that the stock has a possible downside of 32.8%.
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Redfin's stock was trading at $4.24 at the beginning of 2023. Since then, RDFN stock has increased by 137.3% and is now trading at $10.06.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Redfin Co. (NASDAQ:RDFN) released its quarterly earnings data on Thursday, May, 4th. The company reported ($0.93) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.01) by $0.08. The business earned $325.66 million during the quarter, compared to analysts' expectations of $314.95 million. Redfin had a negative net margin of 14.46% and a negative trailing twelve-month return on equity of 387.26%.

ETFs with the largest weight of Redfin (NASDAQ:RDFN) stock in their portfolio include Invesco DWA Financial Momentum ETF (PFI), Hoya Capital Housing ETF (HOMZ), WisdomTree Growth Leaders Fund (PLAT), Amplify Inflation Fighter ETF (IWIN), Fidelity MSCI Real Estate Index ETF (FREL), Vanguard Real Estate ETF (VNQ), Motley Fool Next Index ETF (TMFX) and Invesco NASDAQ Internet ETF (PNQI).

Redfin issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $268.00 million-$281.00 million, compared to the consensus revenue estimate of $297.04 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 $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.

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

Redfin's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Davidson Kempner Capital Management LP (0.00%), Bares Capital Management Inc. (16.31%), Baillie Gifford & Co. (8.31%), Two Sigma Investments LP (2.13%), Geode Capital Management LLC (2.02%) and Renaissance Technologies LLC (1.96%). 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.
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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 $10.06.

Redfin (NASDAQ:RDFN) has a market capitalization of $1.11 billion and generates $2.28 billion in revenue each year. The company earns $-321,140,000.00 in net income (profit) each year or ($2.68) 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.