Redfin - RDFN Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. 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.
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12 equities research analysts have issued 1 year target prices for Redfin's shares. Their RDFN share price forecasts range from $9.00 to $60.00. On average, they anticipate the company's stock price to reach $18.58 in the next twelve months. This suggests a possible upside of 199.7% from the stock's current price.
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Redfin's stock was trading at $38.39 at the beginning of the year. Since then, RDFN stock has decreased by 83.8% and is now trading at $6.20.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our RDFN earnings forecast.

Redfin Co. (NASDAQ:RDFN) announced its quarterly earnings results on Thursday, August, 4th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by $0.13. The business had revenue of $606.92 million for the quarter, compared to analysts' expectations 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%. The firm's revenue was up 28.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.29) EPS.

Redfin updated its third quarter 2022 earnings guidance on Thursday, August, 25th. The company provided 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.

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.

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).

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

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.
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One share of RDFN stock can currently be purchased for approximately $6.20.

Redfin (NASDAQ:RDFN) has a market capitalization of $672.45 million 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.

The company employs 6,485 workers across the globe.

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.