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NASDAQ:RDFN

Redfin - RDFN Stock Forecast, Price & News

$12.00
-0.76 (-5.96%)
(As of 08/15/2022 11:28 AM ET)
Add
Compare
Today's Range
$11.96
$12.99
50-Day Range
$7.24
$12.76
52-Week Range
$7.13
$56.13
Volume
69,283 shs
Average Volume
2.65 million shs
Market Capitalization
$1.30 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$21.92

Redfin MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
71.8% Upside
$21.92 Price Target
Short Interest
Bearish
15.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.14
Upright™ Environmental Score
News Sentiment
-0.14mentions of Redfin in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$354,975 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.78) to ($1.92) Per Share

Overall MarketRank

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

1.88 out of 5 stars

Finance Sector

771st out of 931 stocks

Real Estate Agents & Managers Industry

10th out of 16 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; 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.

Redfin Price Performance

Shares of RDFN Stock opened at $12.76 on Monday. Redfin has a 12-month low of $7.13 and a 12-month high of $56.13. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 6.84. The stock's 50-day moving average price is $9.31 and its 200-day moving average price is $14.80.

Redfin (NASDAQ:RDFN - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.11). The company had revenue of $606.92 million during the quarter, compared to analysts' expectations of $611.37 million. Redfin had a negative return on equity of 80.56% and a negative net margin of 9.00%. The company's revenue was up 28.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.29) EPS. Analysts expect that Redfin will post -2.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. KeyCorp started coverage on Redfin in a report on Tuesday, July 12th. They issued a "sector weight" rating on the stock. Compass Point reissued a "neutral" rating and set a $8.50 price target on shares of Redfin in a report on Tuesday, June 21st. Stifel Nicolaus decreased their price target on Redfin from $10.00 to $9.00 in a report on Monday, August 8th. Truist Financial decreased their price target on Redfin from $31.00 to $18.00 and set a "buy" rating on the stock in a report on Monday, August 1st. Finally, The Goldman Sachs Group decreased their price target on Redfin from $20.00 to $17.50 and set a "neutral" rating on the stock in a report on Tuesday, April 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $21.92.

Insider Buying and Selling

In related news, CFO Christopher John Nielsen sold 4,500 shares of Redfin stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $8.15, for a total value of $36,675.00. Following the completion of the transaction, the chief financial officer now owns 73,786 shares in the company, valued at $601,355.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Redfin news, CEO Glenn Kelman sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $10.54, for a total transaction of $158,100.00. Following the completion of the transaction, the chief executive officer now owns 1,226,502 shares in the company, valued at $12,927,331.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christopher John Nielsen sold 4,500 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $8.15, for a total value of $36,675.00. Following the completion of the sale, the chief financial officer now owns 73,786 shares in the company, valued at $601,355.90. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

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RDFN Stock News Headlines

Why Redfin Stock Plunged Into the Red On Tuesday
Redfin (NASDAQ:RDFN) Shares Gap Down Following Weak Earnings
Analyzing Douglas Elliman (NYSE:DOUG) & Redfin (NASDAQ:RDFN)
Redfin (RDFN) Q2 2022 Earnings Call Transcript
Redfin Reports Second Quarter 2022 Financial Results
See More Headlines
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RDFN Company Calendar

Last Earnings
8/04/2022
Today
8/15/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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

Price Target and Rating

Average Stock Price Forecast
$21.92
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$8.50
Forecasted Upside/Downside
+82.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
12 Analysts

Profitability

Net Income
$-109,610,000.00
Pretax Margin
-9.03%

Debt

Sales & Book Value

Annual Sales
$1.92 billion
Book Value
$2.94 per share

Miscellaneous

Free Float
102,815,000
Market Cap
$1.30 billion
Optionable
Optionable
Beta
1.92














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 twelve months. There are currently 1 sell rating, 10 hold ratings and 1 buy rating 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.
View RDFN analyst ratings
or view top-rated stocks.

What is Redfin's stock price forecast for 2022?

12 analysts have issued 1-year price targets for Redfin's shares. Their RDFN share price forecasts range from $8.50 to $60.00. On average, they anticipate the company's share price to reach $21.92 in the next twelve months. This suggests a possible upside of 71.8% 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 2022?

Redfin's stock was trading at $38.39 at the beginning of 2022. Since then, RDFN stock has decreased by 66.8% and is now trading at $12.76.
View the best growth stocks for 2022 here
.

When is Redfin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our RDFN earnings forecast
.

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) announced its quarterly earnings data on Thursday, August, 4th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.62) by $0.11. The company earned $606.92 million during the quarter, compared to analyst estimates of $611.37 million. Redfin had a negative trailing twelve-month return on equity of 80.56% and a negative net margin of 9.00%. The firm's quarterly revenue was up 28.8% on a year-over-year basis. During the same period last year, the company posted ($0.29) EPS.

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

Redfin issued an update on its third quarter 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $590.00 million-$627.00 million, compared to the consensus revenue estimate of $626.66 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 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 shareholders include Baillie Gifford & Co. (9.33%), Northern Trust Corp (0.89%), HST Ventures LLC (0.70%), Bridgewater Associates LP (0.48%), Wolverine Asset Management LLC (0.00%) and Russell Investments Group Ltd. (0.22%). 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 $12.76.

How much money does Redfin make?

Redfin (NASDAQ:RDFN) has a market capitalization of $1.38 billion and generates $1.92 billion in revenue each year. The company earns $-109,610,000.00 in net income (profit) each year or ($2.06) 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 8/15/2022 by MarketBeat.com Staff

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