NASDAQ:RDFNRedfin Stock Price, Forecast & News

Redfin's stock was trading at $21.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RDFN stock has increased by 91.4% and is now trading at $41.58.
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18 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 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Redfin is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Redfin Corp (NASDAQ:RDFN) posted its quarterly earnings data on Thursday, July, 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.24) by $0.16. The business earned $213.67 million during the quarter, compared to analyst estimates of $186.78 million. Redfin had a negative return on equity of 20.93% and a negative net margin of 7.73%.
View Redfin's earnings history.

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

18 analysts have issued 1-year price objectives for Redfin's stock. Their forecasts range from $24.00 to $50.00. On average, they expect Redfin's share price to reach $34.40 in the next year. This suggests that the stock has a possible downside of 17.3%.
View analysts' price targets for Redfin.

Headlines about RDFN stock have trended negative recently, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Redfin earned a news impact score of -2.9 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Redfin.

Redfin saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 9,670,000 shares, a drop of 11.9% from the June 30th total of 10,980,000 shares. Based on an average trading volume of 1,500,000 shares, the short-interest ratio is presently 6.4 days. Currently, 10.8% of the shares of the stock are short sold.
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Some companies that are related to Redfin include Jones Lang LaSalle (JLL), Marriott Vacations Worldwide (VAC), eXp World (EXPI), Marcus & Millichap (MMI), Realogy (RLGY), Newmark Group (NMRK), Re/Max (RMAX), Bluegreen Vacations (BXG), MDJM (MDJH) and Novation Companies (NOVC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Redfin investors own include Trade Desk (TTD), Netflix (NFLX), NVIDIA (NVDA), Roku (ROKU), Square (SQ), Shopify (SHOP), Tesla (TSLA), Walt Disney (DIS), Twilio (TWLO) and Alteryx (AYX).

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

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

Redfin's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (0.25%), Calamos Advisors LLC (0.16%), Hodges Capital Management Inc. (0.15%), Raymond James & Associates (0.06%), Clarius Group LLC (0.06%) and Columbus Circle Investors (0.04%). Company insiders that own Redfin stock include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, 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 SG Americas Securities LLC, Raymond James & Associates, Columbus Circle Investors, Texas Yale Capital Corp., and Clarius Group LLC. Company insiders that have sold Redfin company stock in the last year include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, and Robert J Mylod Jr.
View insider buying and selling activity for Redfin.

RDFN stock was purchased by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., First Trust Advisors LP, Calamos Advisors LLC, Nisa Investment Advisors LLC, Chartwell Investment Partners LLC, Symphony Financial Ltd. Co., Strs Ohio, and Coe Capital Management LLC.
View insider buying and selling activity 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 $41.58.

Redfin has a market capitalization of $4.14 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.

The official website for Redfin is 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]