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NASDAQ:RDFN

Redfin (RDFN) Stock Forecast, Price & News

$10.61
+0.66 (+6.63%)
(As of 05/27/2022 04:00 PM ET)
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Compare
Today's Range
$10.02
$10.73
50-Day Range
$8.81
$20.49
52-Week Range
$8.65
$65.41
Volume
2.45 million shs
Average Volume
2.41 million shs
Market Capitalization
$1.14 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.99
30 days | 90 days | 365 days | Advanced Chart
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Redfin logo

About Redfin

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; originates and sells mortgages; and buys and sells homes. 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.

Headlines

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Industry, Sector and Symbol

Industry
Real estate agents & managers
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:RDFN
Fax
N/A
Employees
6,485
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.92 billion
Book Value
$2.20 per share

Profitability

Net Income
$-109.61 million
Pretax Margin
-7.58%

Debt

Price-To-Earnings

Miscellaneous

Free Float
100,636,000
Market Cap
$1.14 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/05/2022
Today
5/27/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.25 out of 5 stars

Finance Sector

572nd out of 1,381 stocks

Real Estate Agents & Managers Industry

6th out of 17 stocks

Analyst Opinion: 3.0Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -













Redfin (NASDAQ:RDFN) Frequently Asked Questions

Is Redfin a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Redfin stock. 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.
View analyst ratings for Redfin
or view top-rated stocks.

When is Redfin's next earnings date?

Redfin is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Redfin
.

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) announced its earnings results on Thursday, May, 5th. The company reported ($0.86) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.09) by $0.23. The firm earned $597.30 million during the quarter, compared to analyst estimates of $553.97 million. Redfin had a negative net margin of 7.31% and a negative trailing twelve-month return on equity of 53.87%. Redfin's revenue was up 122.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.37) earnings per share.
View Redfin's earnings history
.

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

Redfin updated its second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $613.00 million-$650.00 million, compared to the consensus revenue estimate of $684.75 million.

What price target have analysts set for RDFN?

13 equities research analysts have issued 12-month price targets for Redfin's stock. Their forecasts range from $10.00 to $71.00. On average, they expect Redfin's share price to reach $34.58 in the next year. This suggests a possible upside of 225.9% from the stock's current price.
View analysts' price targets for Redfin
or view top-rated stocks among Wall Street analysts.

Who are Redfin's key executives?
Redfin's management team includes the following people:
  • Mr. Glenn Kelman, Pres, CEO & Director (Age 50, Pay $63.61k) (LinkedIn Profile)
  • Mr. Chris Nielsen, Chief Financial Officer (Age 55, Pay $470.75k)
  • Ms. Bridget Jean Frey, Chief Technology Officer (Age 44, Pay $347.02k)
  • Mr. Scott Nagel Esq., Pres of Strategic Initiatives (Age 57, Pay $371.74k) (LinkedIn Profile)
  • Mr. Adam Wiener, Pres of Real Estate Operations (Age 43, Pay $396.52k)
  • Ms. Meg Nunnally, Head of Investor Relations
  • Mr. Anthony Ray Kappus, Chief Legal Officer (Age 41)
  • Ms. Lisa Taylor, VP of Marketing
  • Ms. Ee Lyn Khoo, Chief People Officer (Age 44)
  • Ms. Karen S. Krupsaw, Sr. VP of Real Estate Operations
What is Glenn Kelman's approval rating as Redfin's CEO?

387 employees have rated Redfin CEO Glenn Kelman on Glassdoor.com. Glenn Kelman has an approval rating of 80% among Redfin'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), Square (SQ), Walt Disney (DIS), Tesla (TSLA), Etsy (ETSY), Shopify (SHOP) and Zynga (ZNGA).

When did Redfin IPO?

(RDFN) raised $120 million in an 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.

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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (13.45%), Baillie Gifford & Co. (9.67%), Durable Capital Partners LP (6.98%), Wellington Management Group LLP (2.98%), Tiger Global Management LLC (1.73%) and Northern Trust Corp (0.91%). Company insiders that own Redfin 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.
View institutional ownership trends for Redfin
.

Which major investors are selling Redfin stock?

RDFN stock was sold by a variety of institutional investors in the last quarter, including Royal Bank of Canada, New York State Common Retirement Fund, Wellington Management Group LLP, Durable Capital Partners LP, Clearbridge Investments LLC, Zurcher Kantonalbank Zurich Cantonalbank , Group One Trading L.P., and Hsbc Holdings PLC. Company insiders that have sold Redfin company stock in the last year include Adam Wiener, Anthony Ray Kappus, 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 insider buying and selling activity for Redfin
or view top insider-selling stocks.

Which major investors are buying Redfin stock?

RDFN stock was purchased by a variety of institutional investors in the last quarter, including Tiger Global Management LLC, Renaissance Technologies LLC, HST Ventures LLC, Engineers Gate Manager LP, Landscape Capital Management L.L.C., Dynamic Technology Lab Private Ltd, Echo Street Capital Management LLC, and Qube Research & Technologies Ltd.
View insider buying and selling activity for Redfin
or or view top insider-buying stocks.

How do I buy shares of Redfin?

Shares of RDFN 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 $10.61.

How much money does Redfin make?

Redfin has a market capitalization of $1.14 billion and generates $1.92 billion in revenue each year. The company earns $-109.61 million in net income (profit) each year or ($1.620010) on an earnings per share basis.

How many employees does Redfin have?

Redfin employs 6,485 workers across the globe.

What is Redfin's official website?

The official website for Redfin is www.redfin.com.

How can I contact Redfin?

Redfin's mailing address is 1099 STEWART STREET SUITE 600, SEATTLE WA, 98101. The company can be reached via phone at (206) 576-8333 or via email at [email protected].

This page was last updated on 5/27/2022 by MarketBeat.com Staff

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