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NASDAQ:RDFN

Redfin - RDFN Stock Forecast, Price & News

$11.83
-0.81 (-6.41%)
(As of 08/17/2022 10:16 AM ET)
Add
Compare
Today's Range
$11.82
$12.39
50-Day Range
$7.24
$12.76
52-Week Range
$7.13
$55.87
Volume
17,962 shs
Average Volume
3.30 million shs
Market Capitalization
$1.28 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
73.4% 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
-0.06mentions of Redfin in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$194,775 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.

1.89 out of 5 stars

Finance Sector

770th out of 924 stocks

Real Estate Agents & Managers Industry

10th out of 15 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.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. KeyCorp assumed coverage on Redfin in a report on Tuesday, July 12th. They set a "sector weight" rating for the company. Piper Sandler reduced their target price on Redfin from $11.00 to $10.00 in a report on Friday, May 6th. Truist Financial reduced their target price on Redfin from $31.00 to $18.00 and set a "buy" rating for the company in a report on Monday, August 1st. The Goldman Sachs Group reduced their target price on Redfin from $20.00 to $17.50 and set a "neutral" rating for the company in a report on Tuesday, April 19th. Finally, Stifel Nicolaus reduced their target price on Redfin from $10.00 to $9.00 in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Redfin currently has a consensus rating of "Hold" and a consensus target price of $21.92.

Redfin Stock Performance

NASDAQ:RDFN opened at $12.64 on Wednesday. The business has a 50 day moving average of $9.38 and a 200 day moving average of $14.68. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -6.14 and a beta of 1.92. Redfin has a 1-year low of $7.13 and a 1-year high of $55.87. The company has a debt-to-equity ratio of 6.84, a current ratio of 2.00 and a quick ratio of 1.42.

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

Insider Buying and Selling at Redfin

In other Redfin news, CFO Christopher John Nielsen sold 4,500 shares of the business's 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.20% of the company's stock.

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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
8/17/2022
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
+85.3%
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
$1.67 per share

Miscellaneous

Free Float
102,815,000
Market Cap
$1.28 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 Wall Street analysts have issued 12 month price targets for Redfin's stock. Their RDFN share price forecasts range from $8.50 to $60.00. On average, they anticipate the company's stock price to reach $21.92 in the next twelve months. This suggests a possible upside of 73.4% 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 the year. Since then, RDFN shares have decreased by 67.1% and is now trading at $12.64.
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) released its quarterly earnings data on Thursday, August, 4th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.62) by $0.11. The business 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%. Redfin's quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.29) EPS.

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

Redfin updated its third quarter 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) 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 (IPO) on Friday, July 28th 2017. The company issued 9,200,000 shares at $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 many different institutional and retail investors. Top institutional investors include Bares Capital Management Inc. (18.34%), Baillie Gifford & Co. (9.33%), Northern Trust Corp (0.89%), HST Ventures LLC (0.70%), Bridgewater Associates LP (0.48%) and Wolverine Asset Management LLC (0.00%). 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 $12.64.

How much money does Redfin make?

Redfin (NASDAQ:RDFN) has a market capitalization of $1.37 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 8/17/2022 by MarketBeat.com Staff

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