NASDAQ:RDFN - Redfin Stock Price, Price Target & More

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$22.19 +0.04 (+0.18 %)
(As of 05/23/2018 10:49 AM ET)
Previous Close$22.33
Today's Range$22.09 - $22.33
52-Week Range$19.18 - $33.49
Volume5,060 shs
Average Volume999,228 shs
Market Capitalization$1.82 billion
P/E Ratio-111.35
Dividend YieldN/A
BetaN/A

About Redfin (NASDAQ:RDFN)

Redfin logoRedfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties. 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.

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Industry, Sector and Symbol

Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:RDFN
CUSIPN/A
Phone206-576-8333

Debt

Debt-to-Equity RatioN/A
Current Ratio4.52
Quick Ratio4.52

Price-To-Earnings

Trailing P/E Ratio-111.35
Forward P/E Ratio-92.46
P/E GrowthN/A

Sales & Book Value

Annual Sales$370.04 million
Price / Sales4.97
Cash FlowN/A
Price / CashN/A
Book Value$2.52 per share
Price / Book8.81

Profitability

EPS (Most Recent Fiscal Year)($0.20)
Net Income$-15,000,000.00
Net Margins-44.74%
Return on EquityN/A
Return on Assets-11.02%

Miscellaneous

Employees2,422
Outstanding Shares82,930,000

Redfin (NASDAQ:RDFN) Frequently Asked Questions

What is Redfin's stock symbol?

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

How were Redfin's earnings last quarter?

Redfin (NASDAQ:RDFN) released its quarterly earnings data on Thursday, May, 10th. The company reported ($0.44) EPS for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.44). The business had revenue of $79.90 million for the quarter, compared to the consensus estimate of $77.15 million. The company's quarterly revenue was up 33.4% compared to the same quarter last year. View Redfin's Earnings History.

When is Redfin's next earnings date?

Redfin is scheduled to release their next quarterly earnings announcement on Thursday, September, 6th 2018. View Earnings Estimates for Redfin.

What price target have analysts set for RDFN?

12 brokers have issued 1 year price objectives for Redfin's shares. Their predictions range from $17.00 to $31.00. On average, they expect Redfin's share price to reach $26.0909 in the next year. View Analyst Ratings for Redfin.

Who are some of Redfin's key competitors?

Who are Redfin's key executives?

Redfin's management team includes the folowing people:
  • Mr. Glenn Kelman, Pres, CEO & Director (Age 46)
  • Mr. Chris Nielsen, Chief Financial Officer (Age 51)
  • Mr. Scott Nagel, Pres of Real Estate Operations (Age 53)
  • Ms. Bridget Frey, Chief Technology Officer (Age 40)
  • Elena Perron, Head of Investor Relations

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 acted as the underwriters for the IPO and Oppenheimer and Stifel were co-managers.

Has Redfin been receiving favorable news coverage?

News articles about RDFN stock have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Redfin earned a news sentiment score of 0.19 on Accern's scale. They also assigned news articles about the company an impact score of 46.61 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

Who are Redfin's major shareholders?

Redfin's stock is owned by a number of of institutional and retail investors. Top institutional investors include Greylock Xii GP LLC (7.55%), BlackRock Inc. (3.44%), Baillie Gifford & Co. (2.90%), Allianz Asset Management GmbH (2.61%), Sumitomo Mitsui Trust Holdings Inc. (1.92%) and Sei Investments Co. (0.83%). Company insiders that own Redfin stock include Adam Wiener, Bridget Frey, Christopher John Nielsen, David H Lissy and Tiger Global Management Llc. 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 Greylock Xii GP LLC. Company insiders that have sold Redfin company stock in the last year include Adam Wiener, Bridget Frey and Christopher John Nielsen. View Insider Buying and Selling for Redfin.

Which major investors are buying Redfin stock?

RDFN stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Allianz Asset Management GmbH, Baillie Gifford & Co., Sumitomo Mitsui Trust Holdings Inc., Northern Trust Corp, JPMorgan Chase & Co., Pier Capital LLC and Sei Investments Co.. Company insiders that have bought Redfin stock in the last two years include David H Lissy and Tiger Global Management Llc. View Insider Buying and Selling for Redfin.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Redfin's stock price today?

One share of RDFN stock can currently be purchased for approximately $22.24.

How big of a company is Redfin?

Redfin has a market capitalization of $1.82 billion and generates $370.04 million in revenue each year. The company earns $-15,000,000.00 in net income (profit) each year or ($0.20) on an earnings per share basis. Redfin employs 2,422 workers across the globe.

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]


MarketBeat Community Rating for Redfin (RDFN)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  90 (Vote Outperform)
Underperform Votes:  122 (Vote Underperform)
Total Votes:  212
MarketBeat's community ratings are surveys of what our community members think about Redfin and other stocks. Vote "Outperform" if you believe RDFN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RDFN will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Redfin (NASDAQ:RDFN) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
12 Wall Street analysts have issued ratings and price targets for Redfin in the last 12 months. Their average twelve-month price target is $26.0909, suggesting that the stock has a possible upside of 17.58%. The high price target for RDFN is $31.00 and the low price target for RDFN is $17.00. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock, resulting in a consensus rating of "Buy."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: BuyBuyHoldHold
Consensus Rating Score: 2.502.502.452.38
Ratings Breakdown: 1 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
4 Hold Rating(s)
7 Buy Rating(s)
0 Strong Buy Rating(s)
1 Sell Rating(s)
4 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
5 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $26.0909$26.0909$25.90$25.8571
Price Target Upside: 17.58% upside13.44% upside17.57% upside24.02% upside

Redfin (NASDAQ:RDFN) Consensus Price Target History

Price Target History for Redfin (NASDAQ:RDFN)

Redfin (NASDAQ:RDFN) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/22/2018DA DavidsonSet Price TargetBuy$28.00LowView Rating Details
2/6/2018Jefferies GroupInitiated CoverageBuy$28.00HighView Rating Details
2/2/2018Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$28.00LowView Rating Details
2/1/2018William BlairReiterated RatingOutperformHighView Rating Details
1/29/2018Piper Jaffray CompaniesBoost Price TargetNeutral ➝ Neutral$24.00 ➝ $29.00HighView Rating Details
12/19/2017KeyCorpInitiated CoverageSector Weight ➝ Sector WeightLowView Rating Details
12/15/2017CowenInitiated CoverageOutperform$30.00MediumView Rating Details
12/1/2017StephensInitiated CoverageUnderweight$17.00HighView Rating Details
11/20/2017OppenheimerReiterated RatingBuyN/AView Rating Details
11/10/2017Bank of AmericaLower Price TargetNeutral$28.00 ➝ $25.00N/AView Rating Details
8/22/2017CIBCInitiated CoverageOutperform ➝ Outperform$31.00MediumView Rating Details
8/22/2017Stifel NicolausInitiated CoverageHold ➝ Hold$24.00HighView Rating Details
8/22/2017Goldman SachsInitiated CoverageNeutral ➝ Neutral$20.00HighView Rating Details
(Data available from 5/23/2016 forward)

Earnings

Redfin (NASDAQ:RDFN) Earnings History and Estimates Chart

Earnings by Quarter for Redfin (NASDAQ:RDFN)

Redfin (NASDAQ:RDFN) Earnings Estimates

2018 EPS Consensus Estimate: ($0.21)
2019 EPS Consensus Estimate: $0.06
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20186($0.45)($0.32)($0.39)
Q2 20185$0.01$0.07$0.02
Q3 20186$0.13$0.19$0.17
Q4 20185($0.03)$0.01($0.01)
Q1 20193($0.42)($0.37)($0.40)
Q2 20194$0.08$0.11$0.10
Q3 20193$0.30$0.30$0.30
Q4 20193$0.02$0.09$0.06
Q1 20201($0.49)($0.49)($0.49)

Redfin (NASDAQ RDFN) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
9/6/2018        
5/10/2018Q1 2018($0.44)($0.44)$77.15 million$79.90 millionViewN/AView Earnings Details
2/22/2018Q4 2017($0.05)($0.02)$91.59 million$95.80 millionViewListenView Earnings Details
11/9/2017Q3 2017$0.12$0.12$110.62 million$109.50 millionViewN/AView Earnings Details
9/7/2017Q2 2017$0.05$0.06$104.78 million$104.90 millionViewListenView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

Redfin (NASDAQ:RDFN) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Redfin (NASDAQ RDFN) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 8.80%
Institutional Ownership Percentage: 75.17%
Insider Trading History for Redfin (NASDAQ:RDFN)
Institutional Ownership by Quarter for Redfin (NASDAQ:RDFN)

Redfin (NASDAQ RDFN) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
5/17/2018David H LissyDirectorBuy10,000$21.88$218,800.00View SEC Filing  
5/15/2018Christopher John NielsenCFOSell10,000$21.69$216,900.00View SEC Filing  
4/26/2018Bridget FreyInsiderSell5,000$21.76$108,800.0040,546View SEC Filing  
4/24/2018Adam WienerInsiderSell10,000$22.21$222,100.00269,649View SEC Filing  
3/28/2018Adam WienerInsiderSell10,000$22.27$222,700.00279,649View SEC Filing  
3/26/2018Bridget FreyCTOSell5,000$22.32$111,600.0042,083View SEC Filing  
3/6/2018Adam WienerInsiderSell10,000$23.00$230,000.00289,649View SEC Filing  
2/27/2018Adam WienerInsiderSell10,000$20.82$208,200.00299,649View SEC Filing  
2/26/2018Bridget FreyCTOSell5,000$20.66$103,300.0042,083View SEC Filing  
2/26/2018Christopher John NielsenCFOSell25,000$20.51$512,750.0025,000View SEC Filing  
7/28/2017Tiger Global Management LlcMajor ShareholderBuy260,000$15.00$3,900,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Redfin (NASDAQ RDFN) News Headlines

Source:
DateHeadline
Redfin Migration Report: Denver Joins Seattle and San Francisco as a Tech Hub with More People Looking to Move ...Redfin Migration Report: Denver Joins Seattle and San Francisco as a Tech Hub with More People Looking to Move ...
www.prnewswire.com - May 23 at 9:25 AM
Redfin Migration Report: Denver Joins Seattle and San Francisco as a Tech Hub with More People Looking to Move Out than Move InRedfin Migration Report: Denver Joins Seattle and San Francisco as a Tech Hub with More People Looking to Move Out than Move In
finance.yahoo.com - May 23 at 9:25 AM
Head to Head Analysis: Redfin (RDFN) and JLL (JLL)Head to Head Analysis: Redfin (RDFN) and JLL (JLL)
www.americanbankingnews.com - May 22 at 5:18 PM
Redfin (RDFN) PT Set at $28.00 by DA DavidsonRedfin (RDFN) PT Set at $28.00 by DA Davidson
www.americanbankingnews.com - May 22 at 12:05 PM
David H. Lissy Purchases 10,000 Shares of Redfin (RDFN) StockDavid H. Lissy Purchases 10,000 Shares of Redfin (RDFN) Stock
www.americanbankingnews.com - May 21 at 7:52 PM
Redfin Advances Its Assault on the Real Estate IndustryRedfin Advances Its Assault on the Real Estate Industry
www.fool.com - May 19 at 9:52 PM
Marriott Vacations Worldwide (VAC) and Redfin (RDFN) Financial ReviewMarriott Vacations Worldwide (VAC) and Redfin (RDFN) Financial Review
www.americanbankingnews.com - May 19 at 10:44 AM
With Mortgage Rates Rising, Homes Sell at Fastest Rate Since 2010With Mortgage Rates Rising, Homes Sell at Fastest Rate Since 2010
www.investopedia.com - May 18 at 4:19 PM
Shaq is selling his mansion for $28 millionShaq is selling his mansion for $28 million
www.usatoday.com - May 17 at 4:28 PM
Homes in this market are selling just as fast as in the Bay AreaHomes in this market are selling just as fast as in the Bay Area
finance.yahoo.com - May 17 at 4:28 PM
Redfin Report: Homes Sold Faster Than Ever in April; Prices Rose 7.6%Redfin Report: Homes Sold Faster Than Ever in April; Prices Rose 7.6%
finance.yahoo.com - May 17 at 9:58 AM
Zacks: Brokerages Expect Redfin (RDFN) Will Post Quarterly Sales of $137.49 MillionZacks: Brokerages Expect Redfin (RDFN) Will Post Quarterly Sales of $137.49 Million
www.americanbankingnews.com - May 17 at 4:19 AM
Redfin (RDFN) CFO Christopher John Nielsen Sells 10,000 SharesRedfin (RDFN) CFO Christopher John Nielsen Sells 10,000 Shares
www.americanbankingnews.com - May 16 at 8:16 PM
Redfin to Present at Cowen and Company 46th Annual Technology, Media & Telecom ConferenceRedfin to Present at Cowen and Company 46th Annual Technology, Media & Telecom Conference
finance.yahoo.com - May 16 at 4:15 PM
Redfin Report: Minneapolis, Portland and Chicago are the Most Bikeable Cities of 2018Redfin Report: Minneapolis, Portland and Chicago are the Most Bikeable Cities of 2018
finance.yahoo.com - May 16 at 9:59 AM
Zacks Investment Research Lowers Redfin (RDFN) to SellZacks Investment Research Lowers Redfin (RDFN) to Sell
www.americanbankingnews.com - May 15 at 12:39 PM
$0.01 Earnings Per Share Expected for Redfin (RDFN) This Quarter$0.01 Earnings Per Share Expected for Redfin (RDFN) This Quarter
www.americanbankingnews.com - May 15 at 9:59 AM
Redfin Report: Shrinking Supply Sends Prices for Luxury Homes Up Nearly 8 Percent in First QuarterRedfin Report: Shrinking Supply Sends Prices for Luxury Homes Up Nearly 8 Percent in First Quarter
finance.yahoo.com - May 14 at 10:38 AM
Head to Head Analysis: Interval Leisure Group (ILG) versus Redfin (RDFN)Head to Head Analysis: Interval Leisure Group (ILG) versus Redfin (RDFN)
www.americanbankingnews.com - May 14 at 3:09 AM
Equities Analysts Issue Forecasts for Redfins Q3 2018 Earnings (RDFN)Equities Analysts Issue Forecasts for Redfin's Q3 2018 Earnings (RDFN)
www.americanbankingnews.com - May 14 at 2:55 AM
Q2 2018 Earnings Forecast for Redfin (RDFN) Issued By DA DavidsonQ2 2018 Earnings Forecast for Redfin (RDFN) Issued By DA Davidson
www.americanbankingnews.com - May 14 at 1:54 AM
Q2 2018 EPS Estimates for Redfin (RDFN) Lowered by AnalystQ2 2018 EPS Estimates for Redfin (RDFN) Lowered by Analyst
www.americanbankingnews.com - May 14 at 1:47 AM
Brokers Offer Predictions for Redfins Q2 2018 Earnings (RDFN)Brokers Offer Predictions for Redfin's Q2 2018 Earnings (RDFN)
www.americanbankingnews.com - May 14 at 1:47 AM
Brokers Issue Forecasts for Redfins Q2 2018 Earnings (RDFN)Brokers Issue Forecasts for Redfin's Q2 2018 Earnings (RDFN)
www.americanbankingnews.com - May 14 at 1:47 AM
Verizon in the spotlight, Kohl's down, Redfin under pressureVerizon in the spotlight, Kohl's down, Redfin under pressure
finance.yahoo.com - May 13 at 4:51 PM
Redfin (RDFN) Releases  Earnings Results, Meets ExpectationsRedfin (RDFN) Releases Earnings Results, Meets Expectations
www.americanbankingnews.com - May 11 at 10:21 PM
Redfin (RDFN) Tops Q1 EPS by 4c; Guides Q2 Revenues Above the StreetRedfin (RDFN) Tops Q1 EPS by 4c; Guides Q2 Revenues Above the Street
www.streetinsider.com - May 11 at 4:14 PM
Redfin: Cloudy OutlookRedfin: Cloudy Outlook
seekingalpha.com - May 11 at 4:14 PM
Verizon in the spotlight, Kohls down, Redfin under pressureVerizon in the spotlight, Kohl's down, Redfin under pressure
finance.yahoo.com - May 11 at 4:14 PM
Ex-NHL star selling $5.2M house with ice rinkEx-NHL star selling $5.2M house with ice rink
www.usatoday.com - May 11 at 10:45 AM
BRIEF-Redfin Reports Q1 Loss Per Share $0.44BRIEF-Redfin Reports Q1 Loss Per Share $0.44
www.reuters.com - May 11 at 10:45 AM
Should You Be Concerned About Redfin Corporation’s (NASDAQ:RDFN) Investors?Should You Be Concerned About Redfin Corporation’s (NASDAQ:RDFN) Investors?
finance.yahoo.com - May 11 at 10:45 AM
Redfin plunges on weak gross marginsRedfin plunges on weak gross margins
finance.yahoo.com - May 11 at 10:45 AM
American Dream of home ownership is lost in a ‘landlord nation,’ says Redfin CEOAmerican Dream of home ownership is lost in a ‘landlord nation,’ says Redfin CEO
finance.yahoo.com - May 11 at 10:45 AM
Online listings make Thursday the best day to list a homeOnline listings make Thursday the best day to list a home
www.cnbc.com - May 10 at 4:20 PM
Redfin: 1Q Earnings SnapshotRedfin: 1Q Earnings Snapshot
finance.yahoo.com - May 10 at 4:20 PM
Redfin First-Quarter 2018 Revenue up 33% Year-over-Year to $79.9 MillionRedfin First-Quarter 2018 Revenue up 33% Year-over-Year to $79.9 Million
finance.yahoo.com - May 10 at 4:20 PM
This is the best day — and time — to list your home for saleThis is the best day — and time — to list your home for sale
finance.yahoo.com - May 10 at 9:58 AM
Reviewing Redfin (RDFN) and Marriott Vacations Worldwide (VAC)Reviewing Redfin (RDFN) and Marriott Vacations Worldwide (VAC)
www.americanbankingnews.com - May 9 at 11:20 PM
Financial Review: Marriott Vacations Worldwide (VAC) & Redfin (RDFN)Financial Review: Marriott Vacations Worldwide (VAC) & Redfin (RDFN)
www.americanbankingnews.com - May 9 at 9:14 PM
Redfin Report: Even With a 20% Wage Increase, Less Than 1% of Homes in Phoenix Will Be Affordable to TeachersRedfin Report: Even With a 20% Wage Increase, Less Than 1% of Homes in Phoenix Will Be Affordable to Teachers
finance.yahoo.com - May 9 at 9:47 AM
List your Home on Wednesday to Sell for the Highest Price, Thursday for the Quickest Sale, Redfin Analysis FindsList your Home on Wednesday to Sell for the Highest Price, Thursday for the Quickest Sale, Redfin Analysis Finds
finance.yahoo.com - May 4 at 4:12 PM
Redfin (RDFN) to Release Quarterly Earnings on ThursdayRedfin (RDFN) to Release Quarterly Earnings on Thursday
www.americanbankingnews.com - May 3 at 2:53 AM
Best Growth Stock in MayBest Growth Stock in May
finance.yahoo.com - May 2 at 4:18 PM
Redfin (RDFN) Lifted to Hold at Zacks Investment ResearchRedfin (RDFN) Lifted to Hold at Zacks Investment Research
www.americanbankingnews.com - May 2 at 1:35 PM
Redfin (RDFN) Insider Sells $108,800.00 in StockRedfin (RDFN) Insider Sells $108,800.00 in Stock
www.americanbankingnews.com - April 30 at 7:44 PM
Redfin (RDFN) Receives Average Rating of "Hold" from AnalystsRedfin (RDFN) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - April 29 at 3:30 PM
$77.01 Million in Sales Expected for Redfin (RDFN) This Quarter$77.01 Million in Sales Expected for Redfin (RDFN) This Quarter
www.americanbankingnews.com - April 29 at 2:14 AM
Redfin (RDFN) Downgraded by BidaskClub to "Hold"Redfin (RDFN) Downgraded by BidaskClub to "Hold"
www.americanbankingnews.com - April 28 at 7:40 AM
-$0.43 EPS Expected for Redfin (RDFN) This Quarter-$0.43 EPS Expected for Redfin (RDFN) This Quarter
www.americanbankingnews.com - April 27 at 9:10 PM

SEC Filings

Redfin (NASDAQ:RDFN) SEC Filings

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Social Media

Financials

Redfin (NASDAQ:RDFN) Income Statement, Balance Sheet and Cash Flow Statement

Chart

Redfin (NASDAQ RDFN) Stock Chart for Wednesday, May, 23, 2018

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This page was last updated on 5/23/2018 by MarketBeat.com Staff

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