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NASDAQ:RDFN

Redfin Stock Forecast, Price & News

$45.92
-3.53 (-7.14 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$45.14
Now: $45.92
$50.32
50-Day Range
$40.71
MA: $45.67
$52.00
52-Week Range
$9.63
Now: $45.92
$55.43
Volume2.77 million shs
Average Volume1.63 million shs
Market Capitalization$4.57 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.96
Redfin 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, including assisting individuals in 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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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.22 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$779.80 million
Book Value$3.59 per share

Profitability

Net Income$-80,810,000.00

Miscellaneous

Employees3,377
Market Cap$4.57 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$45.92
-3.53 (-7.14 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Redfin (NASDAQ:RDFN) Frequently Asked Questions

How has Redfin's stock price been impacted by Coronavirus (COVID-19)?

Redfin's stock was trading at $21.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RDFN stock has increased by 111.4% and is now trading at $45.92.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Redfin?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 4 sell ratings, 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Redfin
.

When is Redfin's next earnings date?

Redfin is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Redfin
.

How were Redfin's earnings last quarter?

Redfin Corp (NASDAQ:RDFN) announced its quarterly earnings results on Thursday, July, 30th. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.24) by $0.16. The company earned $213.67 million during the quarter, compared to analyst estimates of $186.78 million. Redfin had a negative net margin of 7.73% and a negative return on equity of 20.93%.
View Redfin's earnings history
.

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

Redfin updated its third quarter 2020 After-Hours earnings guidance on Thursday, July, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $214-225 million, compared to the consensus revenue estimate of $221.41 million.

What price target have analysts set for RDFN?

17 analysts have issued 1 year price objectives for Redfin's stock. Their forecasts range from $24.00 to $58.00. On average, they anticipate Redfin's stock price to reach $37.87 in the next twelve months. This suggests that the stock has a possible downside of 17.5%.
View analysts' price targets for Redfin
.

Are investors shorting Redfin?

Redfin saw a decline in short interest in August. As of August 14th, there was short interest totaling 8,150,000 shares, a decline of 15.7% from the July 30th total of 9,670,000 shares. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is presently 5.4 days.
View Redfin's Short Interest
.

Who are some of Redfin's key competitors?

What other stocks do shareholders of Redfin own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Redfin investors own include NVIDIA (NVDA), Netflix (NFLX), Roku (ROKU), Trade Desk (TTD), Square (SQ), Walt Disney (DIS), Tesla (TSLA), Shopify (SHOP), Etsy (ETSY) and Zynga (ZNGA).

Who are Redfin's key executives?

Redfin's management team includes the following people:
  • Mr. Glenn Kelman, Pres, CEO & Director (Age 47)
  • Mr. Chris Nielsen, Chief Financial Officer (Age 52)
  • Ms. Bridget Frey, Chief Technology Officer (Age 41)
  • Mr. Scott Nagel, Pres of Real Estate Operations (Age 54)
  • Mr. Adam Wiener, Chief Growth Officer (Age 40)

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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.06%), Grantham Mayo Van Otterloo & Co. LLC (1.81%), Bank of New York Mellon Corp (1.76%), Mitsubishi UFJ Trust & Banking Corp (0.84%), Charles Schwab Investment Management Inc. (0.61%) and Sei Investments Co. (0.56%). Company insiders that own Redfin stock include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, Julie Bornstein, Robert J Mylod Jr, Scott Nagel and Selina Tobaccowala.
View institutional ownership trends for Redfin
.

Which institutional investors are selling Redfin stock?

RDFN stock was sold by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, Handelsbanken Fonder AB, Sei Investments Co., Macquarie Group Ltd., Russell Investments Group Ltd., SG Americas Securities LLC, Mitsubishi UFJ Trust & Banking Corp, and BSW Wealth Partners. Company insiders that have sold Redfin company stock in the last year include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, Julie Bornstein, Robert J Mylod Jr, and Scott Nagel.
View insider buying and selling activity for Redfin
.

Which institutional investors are buying Redfin stock?

RDFN stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Atom Investors LP, Federated Hermes Inc., Par Capital Management Inc., Intrinsic Edge Capital Management LLC, Parian Global Management LP, Man Group plc, and Pier Capital LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Redfin's stock price today?

One share of RDFN stock can currently be purchased for approximately $45.92.

How big of a company is Redfin?

Redfin has a market capitalization of $4.57 billion and generates $779.80 million in revenue each year. The company earns $-80,810,000.00 in net income (profit) each year or ($0.88) on an earnings per share basis. Redfin employs 3,377 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 9/19/2020 by MarketBeat.com Staff

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