NASDAQ:RDFN

Redfin - RDFN Stock Forecast, Price & News

$11.37

-0.45 (-3.81%)

(As of 08/18/2022 12:00 AM ET)

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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: -0.08
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

3.0

Analyst's Opinion

Consensus Rating
Redfin has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 10 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $21.92, Redfin has a forecasted upside of 92.8% from its current price of $11.37.
Amount of Analyst Coverage
Redfin has only been the subject of 4 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
15.25% of the float of Redfin has been sold short.
Short Interest Ratio / Days to Cover
Redfin has a short interest ratio ("days to cover") of 4.7.
Change versus previous month
Short interest in Redfin has recently increased by 2.66%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Redfin does not currently pay a dividend.
Dividend Growth
Redfin does not have a long track record of dividend growth.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Redfin has received a 26.34% net impact score from Upright. Redfin seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is driven by its "Apartment leasing services" and "Home-selling services" products. See details.
Environmental Sustainability
The Environmental Impact score for Redfin is -1.14.

2.2

News and Social Media Coverage

News Sentiment
Redfin has a news sentiment score of -0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.81 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Redfin this week, compared to 10 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 3 reddit mentions for Redfin this week, compared to 2 mentions on an average week.
Search Interest
30 people have searched for RDFN on MarketBeat in the last 30 days. This is an increase of 36% compared to the previous 30 days.
MarketBeat Follows
21 people have added Redfin to their MarketBeat watchlist in the last 30 days. This is an increase of 163% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Redfin insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $36,675.00 in company stock.
Percentage Held by Insiders
Only 5.20% of the stock of Redfin is held by insiders.
Percentage Held by Institutions
97.94% of the stock of Redfin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Redfin are expected to grow in the coming year, from ($2.78) to ($1.92) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Redfin is -5.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Redfin is -5.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Redfin has a P/B Ratio of 6.81. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

August 18, 2022 | businesswire.com

Redfin Reports Slowdown Starts to Ease as Drop in New Listings Hampers Supply - Business Wire

August 13, 2022 | americanbankingnews.com

Q3 2022 Earnings Estimate for Redfin Co. (NASDAQ:RDFN) Issued By Jefferies Financial Group

August 13, 2022 | americanbankingnews.com

Q3 2022 EPS Estimates for Redfin Co. Reduced by Wedbush (NASDAQ:RDFN)

August 12, 2022 | bloomberg.com

It's Price, Not Mortgage, Says Redfin's Kelman - Bloomberg

August 11, 2022 | marketwatch.com

'Stale' home listings rise above 60% in July--Redfin - MarketWatch

August 10, 2022 | fool.com

Why Shares of Opendoor and Redfin Jumped Today - The Motley Fool

August 10, 2022 | seekingalpha.com

Sell Redfin Stock: Q2 EPS Looks Really Bad To Me (NASDAQ:RDFN) - Seeking Alpha

August 9, 2022 | nasdaq.com

Why Shares of Redfin Are Rising Today - Nasdaq

August 9, 2022 | fool.com

Why Redfin Stock Plunged Into the Red On Tuesday - The Motley Fool

August 9, 2022 | finance.yahoo.com

Why Redfin Stock Plunged Into the Red On Tuesday

August 9, 2022 | finance.yahoo.com

2 Growth Stocks Taking a Hit From the Dwindling Real Estate Market

August 8, 2022 | fool.com

Why Shares of Redfin Are Rising Today - The Motley Fool

August 7, 2022 | bizjournals.com

Out-of-town buyers can spend 12.9% more for Phoenix homes, report finds - Phoenix Business Journal - The Business Journals

August 7, 2022 | americanbankingnews.com

Redfin (NASDAQ:RDFN) Shares Gap Down Following Weak Earnings

August 6, 2022 | americanbankingnews.com

Analyzing Douglas Elliman (NYSE:DOUG) & Redfin (NASDAQ:RDFN)

August 6, 2022 | bizjournals.com

Redfin: Nashville housing market sees less bidding wars - The Business Journals

August 5, 2022 | bloomberg.com

Redfin CEO on the Cooling Housing Market - Bloomberg

August 5, 2022 | seekingalpha.com

Redfin stock slides on Q2 earnings miss, losses widen (NASDAQ:RDFN) - Seeking Alpha

August 5, 2022 | businessinsider.com

Over Half of Denver, Boise Homes for Sale Got Price Cuts: Redfin CEO - Business Insider

August 5, 2022 | finance.yahoo.com

Redfin Reports Early Stage Demand Picks Up as Mortgage Rates Fall to a Four-Month Low

August 5, 2022 | finance.yahoo.com

Redfin (RDFN) Q2 2022 Earnings Call Transcript

August 4, 2022 | seekingalpha.com

Redfin GAAP EPS of -$0.73 misses by $0.10, revenue of $606.9M misses by $4.47M (NASDAQ:RDFN) - Seeking Alpha

August 4, 2022 | businesswire.com

Redfin Reports Second Quarter 2022 Financial Results - Business Wire

August 4, 2022 | finance.yahoo.com

Redfin Reports Second Quarter 2022 Financial Results

August 4, 2022 | nytimes.com

More People Are Searching for Homes Outside of Their Home Cities - The New York Times

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

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Real estate agents & managers
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:RDFN
CUSIP: N/A
CIK: 1382821
Web: www.redfin.com
Phone: (206) 576-8333
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

EPS (Most Recent Fiscal Year): ($2.06)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-109,610,000.00
Net Margins: -9.00%
Pretax Margin: -9.03%
Return on Equity: -80.56%
Return on Assets: -10.39%

Debt

Debt-to-Equity Ratio: 6.84
Current Ratio: 2.00
Quick Ratio: 1.42

Sales & Book Value

Annual Sales: $1.92 billion
Price / Sales: 0.64
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.67 per share
Price / Book: 6.81

Miscellaneous

Outstanding Shares: 108,460,000
Free Float: 102,815,000
Market Cap: $1.23 billion
Optionable: Optionable
Beta: 1.92

Key Executives

Mr. 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 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 Taubman (Age 43)
Chief Growth Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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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Redfin - RDFN Stock Forecast, Price & News

Redfin MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Social Mentions This Week

Search Interest

MarketBeat Follows