NASDAQ:RDFNRedfin Stock Price, Forecast & News

Redfin's stock was trading at $21.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RDFN stock has increased by 93.1% and is now trading at $41.95. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 1 sell rating, 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Redfin.

Redfin is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Redfin.

Redfin Corp (NASDAQ:RDFN) announced its quarterly earnings data on Thursday, May, 7th. The company reported ($0.64) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.75) by $0.11. The business earned $191 million during the quarter, compared to analyst estimates of $178.77 million. Redfin had a negative return on equity of 23.57% and a negative net margin of 8.57%. Redfin's quarterly revenue was up 73.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.74) earnings per share. View Redfin's earnings history.

Redfin issued an update on its second quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $179-189 million, compared to the consensus revenue estimate of $195.78 million.

17 Wall Street analysts have issued 12-month price objectives for Redfin's shares. Their forecasts range from $18.00 to $48.00. On average, they expect Redfin's stock price to reach $27.80 in the next year. This suggests that the stock has a possible downside of 33.7%. View analysts' price targets for Redfin.

Headlines about RDFN stock have trended negative on Saturday, according to InfoTrie. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Redfin earned a news impact score of -2.8 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the company's share price in the next few days. View the latest news about Redfin.

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). View all competitors.

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 served 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 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 $41.95.

Redfin has a market capitalization of $4.16 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]