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S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is the US Military Secretly Under Chinese Control? (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is the US Military Secretly Under Chinese Control? (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Is the US Military Secretly Under Chinese Control? (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Gas-powered muscle cars drive into the sunset, turn electric
NASDAQ:RDFN

Redfin - RDFN Stock Forecast, Price & News

$11.37
-0.45 (-3.81%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.30
$11.90
50-Day Range
$7.24
$12.76
52-Week Range
$7.13
$55.87
Volume
2.53 million shs
Average Volume
3.45 million shs
Market Capitalization
$1.23 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
92.8% 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
-0.08mentions of Redfin in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$36,675 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

757th out of 914 stocks

Real Estate Agents & Managers Industry

10th out of 14 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 Stock Performance

Shares of NASDAQ:RDFN traded down $0.45 during trading on Thursday, hitting $11.37. The company's stock had a trading volume of 2,529,972 shares, compared to its average volume of 2,653,570. The company has a 50-day moving average of $9.41 and a 200-day moving average of $14.54. The company has a debt-to-equity ratio of 6.84, a current ratio of 2.00 and a quick ratio of 1.42. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -5.52 and a beta of 1.92. Redfin has a 12 month low of $7.13 and a 12 month high of $55.87.

Redfin (NASDAQ:RDFN - Get Rating) last released its quarterly earnings results 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). Redfin had a negative return on equity of 80.56% and a negative net margin of 9.00%. The business had revenue of $606.92 million during the quarter, compared to the consensus estimate of $611.37 million. During the same quarter in the previous year, the business posted ($0.29) earnings per share. The firm's revenue was up 28.8% on a year-over-year basis. On average, sell-side analysts expect that Redfin will post -2.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RDFN. Susquehanna Bancshares reduced their price objective on shares of Redfin from $25.00 to $13.00 in a research note on Monday, May 9th. KeyCorp initiated coverage on shares of Redfin in a report on Tuesday, July 12th. They issued a "sector weight" rating for the company. Piper Sandler lowered their price objective on Redfin from $11.00 to $10.00 in a research report on Friday, May 6th. Susquehanna reduced their target price on Redfin from $25.00 to $13.00 in a report on Monday, May 9th. Finally, Wedbush downgraded Redfin from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $14.00 to $9.00 in a report on Monday, July 11th. One equities research 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $21.92.

Insider Activity at Redfin

In other Redfin news, CFO Christopher John Nielsen sold 4,500 shares of the company's 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 sale, the chief financial officer now owns 73,786 shares in the company, valued at $601,355.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 5.20% of the stock is 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
8/19/2022
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
+92.8%
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
$1.23 billion
Optionable
Optionable
Beta
1.92

Key Executives

  • Mr. Glenn KelmanMr. Glenn Kelman (Age 50)
    Pres, CEO & Director
    Comp: $299.34k
  • Mr. Chris Nielsen (Age 55)
    Chief Financial Officer
    Comp: $661.37k
  • Ms. Bridget Jean Frey (Age 44)
    Chief Technology Officer
    Comp: $510.96k
  • Mr. Adam WienerMr. Adam Wiener (Age 43)
    Pres of Real Estate Operations
    Comp: $523.7k
  • Ms. Meg Nunnally
    Head of Investor Relations
  • Mr. Anthony Ray Kappus (Age 41)
    Chief Legal Officer
  • Ms. Lisa Taylor
    VP of Marketing
  • Ms. Karen S. Krupsaw
    Sr. VP of Real Estate Operations
  • Ms. Daryl Fairweather Ph.D.
    Chief Economist
  • Mr. Christian John TaubmanMr. Christian John Taubman (Age 43)
    Chief Growth Officer













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 stock. Their RDFN share price forecasts range from $8.50 to $60.00. On average, they predict the company's stock price to reach $21.92 in the next twelve months. This suggests a possible upside of 92.8% 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 the year. Since then, RDFN stock has decreased by 70.4% and is now trading at $11.37.
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 business had revenue of $606.92 million for the quarter, compared to analysts' expectations of $611.37 million. Redfin had a negative net margin of 9.00% and a negative trailing twelve-month return on equity of 80.56%. The business's revenue was up 28.8% on a year-over-year basis. During the same period in the previous year, the business 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, 18th. 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 served 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 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 $11.37.

How much money does Redfin make?

Redfin (NASDAQ:RDFN) has a market capitalization of $1.23 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 8/19/2022 by MarketBeat.com Staff

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