Redfin Stock Forecast, Price & News

Redfin's stock was trading at $21.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, RDFN stock has increased by 111.4% and is now trading at $45.92.
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17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 4 sell ratings, 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Redfin.

Redfin is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Redfin.

Redfin Corp (NASDAQ:RDFN) released its earnings results on Thursday, July, 30th. The company reported ($0.08) EPS for the quarter, beating the Zacks' consensus estimate of ($0.24) by $0.16. The company had revenue of $213.67 million for the quarter, compared to the consensus estimate of $186.78 million. Redfin had a negative net margin of 7.73% and a negative return on equity of 20.93%.
View Redfin's earnings history.

Redfin updated its third quarter 2020 After-Hours earnings guidance on Thursday, July, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $214-225 million, compared to the consensus revenue estimate of $221.41 million.

17 brokerages have issued 12-month target prices for Redfin's stock. Their forecasts range from $24.00 to $58.00. On average, they anticipate Redfin's share price to reach $37.87 in the next twelve months. This suggests that the stock has a possible downside of 17.5%.
View analysts' price targets for Redfin.

Redfin saw a decline in short interest during the month of August. As of August 14th, there was short interest totaling 8,150,000 shares, a decline of 15.7% from the July 30th total of 9,670,000 shares. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is currently 5.4 days.
View Redfin's Short Interest.

Some companies that are related to Redfin include Daito Trust Construction (DIFTY), Jones Lang LaSalle (JLL), Marriott Vacations Worldwide (VAC), eXp World (EXPI), Realogy (RLGY), Marcus & Millichap (MMI), Newmark Group (NMRK), Re/Max (RMAX), Bluegreen Vacations (BXG), 1847 Goedeker (FTHM), MDJM (MDJH) and Novation Companies (NOVC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Redfin investors own include NVIDIA (NVDA), Netflix (NFLX), Roku (ROKU), Trade Desk (TTD), Square (SQ), Walt Disney (DIS), Tesla (TSLA), Shopify (SHOP), Etsy (ETSY) and Zynga (ZNGA).

(RDFN) raised $120 million in an 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.

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

Redfin's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.06%), Grantham Mayo Van Otterloo & Co. LLC (1.81%), Bank of New York Mellon Corp (1.76%), Mitsubishi UFJ Trust & Banking Corp (0.84%), Charles Schwab Investment Management Inc. (0.61%) and Sei Investments Co. (0.56%). Company insiders that own Redfin stock include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, Julie Bornstein, Robert J Mylod Jr, Scott Nagel and Selina Tobaccowala.
View institutional ownership trends for Redfin.

RDFN stock was sold by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, Handelsbanken Fonder AB, Sei Investments Co., Macquarie Group Ltd., Russell Investments Group Ltd., SG Americas Securities LLC, Mitsubishi UFJ Trust & Banking Corp, and BSW Wealth Partners. Company insiders that have sold Redfin company stock in the last year include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, Julie Bornstein, Robert J Mylod Jr, and Scott Nagel.
View insider buying and selling activity for Redfin.

RDFN stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Atom Investors LP, Federated Hermes Inc., Par Capital Management Inc., Intrinsic Edge Capital Management LLC, Parian Global Management LP, Man Group plc, and Pier Capital LLC.
View insider buying and selling activity for Redfin.

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 $45.92.

Redfin has a market capitalization of $4.57 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]