Redfin - RDFN Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last twelve months. There are currently 3 sell ratings and 10 hold ratings for the stock. The consensus among Wall Street 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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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 anticipate the company's stock price to reach $6.73 in the next twelve months. This suggests that the stock has a possible downside of 25.8%.
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Redfin's stock was trading at $4.24 at the beginning of the year. Since then, RDFN shares have increased by 113.7% and is now trading at $9.06.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our RDFN earnings forecast.

Redfin Co. (NASDAQ:RDFN) released its quarterly earnings data on Thursday, February, 16th. The company reported ($0.83) earnings per share for the quarter, topping the consensus estimate of ($1.13) by $0.30. The firm had revenue of $479.66 million for 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%.

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

Redfin issued an update on its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share (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.

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 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.

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

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 $9.06.

Redfin (NASDAQ:RDFN) has a market capitalization of $994.24 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.

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.