NASDAQ:RDFN Redfin - RDFN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Redfin Co. Please log in to your account or sign up in order to add this asset to your watchlist. $9.45 -0.33 (-3.37%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$8.75▼$10.5950-Day Range$3.78▼$9.7852-Week Range$3.08▼$32.30Volume7.99 million shsAverage Volume4.66 million shsMarket Capitalization$1.03 billionP/E RatioN/ADividend YieldN/APrice Target$6.50 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Redfin MarketRank™ ForecastAnalyst RatingHold1.75 Rating ScoreUpside/Downside31.2% Downside$6.50 Price TargetShort InterestBearish16.73% of Shares Sold ShortDividend StrengthN/ASustainability-1.42Upright™ Environmental ScoreNews Sentiment0.45Based on 10 Articles This WeekInsider TradingSelling Shares$61,545 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($3.45) to ($1.59) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.71 out of 5 starsFinance Sector752nd out of 858 stocksReal Estate Agents & Managers Industry12th out of 14 stocks 1.9 Analyst's Opinion Consensus RatingRedfin has received a consensus rating of Hold. The company's average rating score is 1.75, and is based on no buy ratings, 9 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $6.50, Redfin has a forecasted downside of 31.2% from its current price of $9.45.Amount of Analyst CoverageRedfin has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted16.73% of the outstanding shares of Redfin have been sold short.Short Interest Ratio / Days to CoverRedfin has a short interest ratio ("days to cover") of 4.2.Change versus previous monthShort interest in Redfin has recently increased by 1.06%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldRedfin does not currently pay a dividend.Dividend GrowthRedfin does not have a long track record of dividend growth. Previous Next 3.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreRedfin has received a 38.43% net impact score from Upright. Redfin seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is driven by its "Apartment leasing services" and "Home-selling services" products. See details.Environmental SustainabilityThe Environmental Impact score for Redfin is -1.42. Previous Next 2.5 News and Social Media Coverage News SentimentRedfin has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Redfin this week, compared to 9 articles on an average week.Search Interest49 people have searched for RDFN on MarketBeat in the last 30 days. This is an increase of 227% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Redfin to their MarketBeat watchlist in the last 30 days. This is a decrease of -44% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Redfin insiders have sold 23.58% more of their company's stock than they have bought. Specifically, they have bought $49,802.00 in company stock and sold $61,545.00 in company stock.Percentage Held by InsidersOnly 5.20% of the stock of Redfin is held by insiders.Percentage Held by Institutions81.81% of the stock of Redfin is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Redfin are expected to grow in the coming year, from ($3.45) to ($1.59) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Redfin is -3.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Redfin is -3.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioRedfin has a P/B Ratio of 3.21. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Redfin (NASDAQ:RDFN) StockRedfin Corp. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.Read More Receive RDFN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Redfin and its competitors with MarketBeat's FREE daily newsletter. Email Address RDFN Stock News HeadlinesFebruary 4, 2023 | americanbankingnews.comRedfin (NASDAQ:RDFN) Shares Gap Up After Insider Buying ActivityFebruary 3, 2023 | finance.yahoo.comIs Redfin's Stock Ready to Make a Sustained Recovery?February 5, 2023 | Wall Street Watch Dogs (Ad)“Future Fuel” will unleash $11 trillion wave of wealthThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…February 2, 2023 | finance.yahoo.comRedfin to Announce Fourth-Quarter 2022 Results on February 16, 2023February 2, 2023 | finance.yahoo.comRedfin Reports $2,500 Monthly Budget Buys a $400,000 Home For First Time Since September As Rates Dip Below 6%February 2, 2023 | finance.yahoo.comSan Francisco Homebuyers Are Paying $18,000 Less Per Year Than Those Who Bought When Rates PeakedFebruary 2, 2023 | americanbankingnews.comRedfin Co. (NASDAQ:RDFN) Director James Slavet Buys 6,667 SharesFebruary 1, 2023 | americanbankingnews.comStock Traders Buy Large Volume of Call Options on Redfin (NASDAQ:RDFN)February 5, 2023 | Wall Street Watch Dogs (Ad)“Future Fuel” will unleash $11 trillion wave of wealthThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…January 31, 2023 | finance.yahoo.comRedfin Launches Favorites Lists to Help Organize Your Home SearchJanuary 28, 2023 | americanbankingnews.comRedfin (NASDAQ:RDFN) Shares Up 8.5%January 25, 2023 | finance.yahoo.comRedfin Report: The Housing Market Has Started to RecoverJanuary 21, 2023 | finance.yahoo.comWhy Redfin Corporation (NASDAQ:RDFN) Could Be Worth WatchingJanuary 19, 2023 | finance.yahoo.comRedfin Reports Home Prices Post Small Increase as Mortgage-Rate Drop Attracts BuyersJanuary 13, 2023 | finance.yahoo.comRedfin Reports Sales Are Slow to Kick Off New Year, But More Buyers Start SearchingJanuary 12, 2023 | finance.yahoo.comWhy Shares of Redfin, Zillow, and Anywhere Real Estate Are Surging This WeekJanuary 12, 2023 | finance.yahoo.comRedfin Reports Rent Growth Slowed for Seventh Straight Month in DecemberDecember 29, 2022 | finance.yahoo.comRedfin Reports Homes Linger on the Market as Buyers Take Their TimeDecember 22, 2022 | finance.yahoo.comRedfin Reports Home Sales Slumped 35% in November, the Biggest Decline on RecordDecember 22, 2022 | finance.yahoo.comHome sales suffer biggest drop on record in November, Redfin saysDecember 21, 2022 | finance.yahoo.comRedfin Reports Share of Homes Bought With All Cash Hits Highest Level Since 2014December 14, 2022 | finance.yahoo.comRedfin Reports Just 3 in 100 Pandemic Homebuyers Would Fall Underwater With Next Year’s Projected 4% Home-Price DeclineDecember 13, 2022 | finance.yahoo.comIs Redfin a Great Stock to Buy Before 2023?December 13, 2022 | finance.yahoo.comRedfin Reports November Asking Rents Post Smallest Annual Increase in 15 MonthsNovember 29, 2022 | finance.yahoo.comWhat The Latest Investor Activity Says About The Housing MarketNovember 23, 2022 | finance.yahoo.comRedfin Reports Homebuying Demand Ticks Up Slightly After Last Week’s Record-Fast Rate DropNovember 22, 2022 | finance.yahoo.comRedfin Reports Investor Home Purchases Fell 30% in Third Quarter, Largest Drop Since Great Recession Aside From Pandemic StartSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive RDFN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Redfin and its competitors with MarketBeat's FREE daily newsletter. Email Address RDFN Company Calendar Last Earnings11/09/2022Today2/05/2023Next Earnings (Confirmed)2/16/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Real estate agents & managers Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:RDFN CUSIPN/A CIK1382821 Webwww.redfin.com Phone(206) 576-8333FaxN/AEmployees6,485Year FoundedN/APrice Target and Rating Average Stock Price Forecast$6.50 High Stock Price Forecast$13.00 Low Stock Price Forecast$4.00 Forecasted Upside/Downside-31.2%Consensus RatingHold Rating Score (0-4)1.75 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)($2.69) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-109,610,000.00 Net Margins-11.69% Pretax Margin-11.70% Return on Equity-135.08% Return on Assets-13.90% Debt Debt-to-Equity Ratio11.34 Current Ratio1.89 Quick Ratio1.43 Sales & Book Value Annual Sales$1.92 billion Price / Sales0.53 Cash FlowN/A Price / Cash FlowN/A Book Value$2.94 per share Price / Book3.21Miscellaneous Outstanding Shares108,750,000Free Float103,094,000Market Cap$1.03 billion OptionableOptionable Beta2.20 Key ExecutivesGlenn KelmanPresident, Chief Executive Officer & DirectorChris NielsenChief Financial Officer & TreasurerJennifer ChaoVice President-EngineeringBridget J. FreyChief Technology OfficerAdam WienerPresident-Real State OperationsKey CompetitorsAnywhere Real EstateNYSE:HOUSMarcus & MillichapNYSE:MMIRE/MAXNYSE:RMAXNewmark GroupNASDAQ:NMRKDouglas EllimanNYSE:DOUGView All CompetitorsInsiders & InstitutionsNisa Investment Advisors LLCBought 97,000 shares on 2/2/2023Ownership: 0.090%Institute for Wealth Management LLC.Bought 4,000 shares on 2/2/2023Ownership: 0.016%ProShare Advisors LLCBought 1,959 shares on 2/2/2023Ownership: 0.013%Wolverine Asset Management LLCSold 32,800 shares on 2/1/2023Ownership: 0.000%James SlavetBought 6,667 shares on 2/1/2023Total: $49,802.49 ($7.47/share)View All Insider TransactionsView All Institutional Transactions RDFN Stock - Frequently Asked Questions Should I buy or sell Redfin stock right now? 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 3 sell ratings and 9 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. View RDFN analyst ratings or view top-rated stocks. What is Redfin's stock price forecast for 2023? 12 analysts have issued 1-year price objectives for Redfin's stock. Their RDFN share price forecasts range from $4.00 to $13.00. On average, they predict the company's stock price to reach $6.50 in the next year. This suggests that the stock has a possible downside of 31.2%. 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 at the start of the year. Since then, RDFN shares have increased by 122.9% and is now trading at $9.45. 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 Thursday, February 16th 2023. View our RDFN earnings forecast. How can I listen to Redfin's earnings call? Redfin will be holding an earnings conference call on Thursday, February 16th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link. How were Redfin's earnings last quarter? Redfin Co. (NASDAQ:RDFN) released its quarterly earnings data on Wednesday, November, 9th. The company reported ($0.83) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.85) by $0.02. The company earned $600.52 million during the quarter, compared to analyst estimates of $601.69 million. Redfin had a negative net margin of 11.69% and a negative trailing twelve-month return on equity of 135.08%. What guidance has Redfin issued on next quarter's earnings? Redfin updated its fourth quarter 2022 earnings guidance on Friday, December, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $430.00 million-$459.00 million, compared to the consensus revenue estimate of $560.16 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 (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 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 a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (8.97%), Wolverine Asset Management LLC (0.00%), CWM LLC (0.25%), Stonegate Investment Group LLC (0.23%), Nisa Investment Advisors LLC (0.09%) and Bank of Montreal Can (0.04%). 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. 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 $9.45. How much money does Redfin make? Redfin (NASDAQ:RDFN) has a market capitalization of $1.03 billion and generates $1.92 billion in revenue each year. The company earns $-109,610,000.00 in net income (profit) each year or ($2.69) on an earnings per share basis. How many employees does Redfin have? The company employs 6,485 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) 576-8333 or via email at ir@redfin.com. This page (NASDAQ:RDFN) was last updated on 2/5/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.