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Redfin (RDFN) Stock Forecast, Price & News

$6.94
+0.06 (+0.87%)
(As of 01:10 PM ET)
Compare
Today's Range
$6.85
$7.12
50-Day Range
$6.88
$15.27
52-Week Range
$3.08
$17.68
Volume
911,725 shs
Average Volume
3.57 million shs
Market Capitalization
$790.95 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.22

Redfin MarketRank™ Forecast

Analyst Rating
Reduce
1.83 Rating Score
Upside/​Downside
3.4% Upside
$7.22 Price Target
Short Interest
Bearish
13.84% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.10
Upright™ Environmental Score
News Sentiment
0.60mentions of Redfin in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$293,798 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.15) to ($0.94) Per Share

Overall MarketRank

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

1.60 out of 5 stars

Finance Sector

786th out of 842 stocks

Real Estate Agents & Managers Industry

10th out of 13 stocks


RDFN stock logo

About Redfin (NASDAQ:RDFN) Stock

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 Price History

RDFN Stock News Headlines

Gordon Haskett Upgrades Redfin
Redfin (NASDAQ:RDFN) Upgraded at Gordon Haskett
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Gordon Haskett Upgrades Redfin (RDFN)
The Latest Analyst Ratings for Redfin
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Zillow, Redfin rise on July pending home sales data
See More Headlines
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RDFN Company Calendar

Last Earnings
8/03/2023
Today
9/27/2023
Next Earnings (Estimated)
11/08/2023
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
$7.22
High Stock Price Forecast
$15.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+5.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.83
Research Coverage
12 Analysts

Profitability

Net Income
$-321,140,000.00
Pretax Margin
-14.47%

Debt

Sales & Book Value

Annual Sales
$2.28 billion
Book Value
$0.59 per share

Miscellaneous

Free Float
107,934,000
Market Cap
$782.97 million
Optionable
Optionable
Beta
2.41
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Key Executives

  • Mr. Glenn  KelmanMr. Glenn Kelman (Age 51)
    Pres, CEO & Director
    Comp: $300k
  • Mr. Christopher  NielsenMr. 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 HR Officer
    Comp: $913.46k
  • Mr. Adam J. WienerMr. 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
    Sr. VP of Real Estate Operations
  • Ms. Daryl Fairweather Ph.D.
    Chief Economist
  • Mr. Christian John TaubmanMr. Christian John Taubman (Age 44)
    Chief Growth Officer













RDFN Stock - Frequently Asked Questions

Should I buy or sell Redfin stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 2 sell ratings and 10 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 forecast for 2023?

12 Wall Street research analysts have issued twelve-month target prices for Redfin's shares. Their RDFN share price forecasts range from $4.00 to $15.00. On average, they anticipate the company's stock price to reach $7.22 in the next year. This suggests a possible upside of 5.1% 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 stock has increased by 62.0% and is now trading at $6.87.
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 Wednesday, November 8th 2023.
View our RDFN earnings forecast
.

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) announced its quarterly 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 firm earned $275.50 million during the quarter, compared to analysts' expectations 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 was down 54.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.73) EPS.

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

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.

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 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.

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 many different retail and institutional investors. Top institutional shareholders 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
.

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 $6.87.

How much money does Redfin make?

Redfin (NASDAQ:RDFN) has a market capitalization of $782.97 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.

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 9/27/2023 by MarketBeat.com Staff

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