NASDAQ:RDFN - Redfin Stock Price, Forecast & News

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

Redfin Corp (NASDAQ:RDFN) released its quarterly earnings data on Wednesday, November, 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. The company earned $238.68 million during the quarter, compared to the consensus estimate of $229.94 million. Redfin had a negative net margin of 12.71% and a negative return on equity of 25.71%. Redfin's revenue for the quarter was up 70.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. View Redfin's Earnings History.

Redfin is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for Redfin.

14 brokers have issued twelve-month price objectives for Redfin's stock. Their forecasts range from $18.00 to $30.00. On average, they anticipate Redfin's share price to reach $24.15 in the next year. This suggests that the stock has a possible downside of 3.1%. View Analyst Price Targets for Redfin.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Redfin.

News headlines about RDFN stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Redfin earned a news impact score of 0.8 on InfoTrie's scale. They also gave media stories about the company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock's share price in the near term. View News Stories for Redfin.

Some companies that are related to Redfin include Jones Lang LaSalle (JLL), Marriott Vacations Worldwide (VAC), Newmark Group (NMRK), Marcus & Millichap (MMI), Realogy (RLGY), eXp World (EXPI), Bluegreen Vacations (BXG), Re/Max (RMAX), MDJM (MDJH) and Novation Companies (NOVC).

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), Twilio (TWLO), Stitch Fix (SFIX), Alibaba Group (BABA), Advanced Micro Devices (AMD), Paypal (PYPL) and salesforce.com (CRM).

(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.

Redfin's stock is owned by many different of institutional and retail investors. Top institutional shareholders include California Public Employees Retirement System (0.22%), Calamos Advisors LLC (0.13%), Clarius Group LLC (0.08%), S&CO Inc. (0.02%), RFG Advisory LLC (0.01%) and Institute for Wealth Management LLC. (0.00%). Company insiders that own Redfin stock include Adam Wiener, Bridget Frey, Christopher John Nielsen, David H Lissy, Glenn Kelman, Julie Bornstein, Robert J Mylod Jr, Scott Nagel and Selina Tobaccowala. View Institutional Ownership Trends for Redfin.

RDFN stock was sold by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Clarius Group LLC, Institute for Wealth Management LLC. and RFG Advisory LLC. Company insiders that have sold Redfin company stock in the last year include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, Robert J Mylod Jr, Scott Nagel and Selina Tobaccowala. View Insider Buying and Selling for Redfin.

RDFN stock was purchased by a variety of institutional investors in the last quarter, including California Public Employees Retirement System and S&CO Inc.. Company insiders that have bought Redfin stock in the last two years include David H Lissy and Glenn Kelman. View Insider Buying and Selling for 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.

One share of RDFN stock can currently be purchased for approximately $24.92.

Redfin has a market capitalization of $2.30 billion and generates $486.92 million in revenue each year. The company earns $-41,970,000.00 in net income (profit) each year or ($0.49) on an earnings per share basis. Redfin employs 2,993 workers across the globe.View Additional Information About Redfin.

The official website for Redfin is http://www.redfin.com/.

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]