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NASDAQ:RDFNRedfin Stock Price, Forecast & News

$41.58
-1.39 (-3.23 %)
(As of 07/31/2020 04:00 PM ET)
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Today's Range
$39.82
Now: $41.58
$44.75
50-Day Range
$32.07
MA: $38.77
$43.49
52-Week Range
$9.63
Now: $41.58
$44.75
Volume2.10 million shs
Average Volume1.51 million shs
Market Capitalization$4.14 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.97
Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.23 out of 5 stars


Industry, Sector and Symbol

Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:RDFN
CUSIPN/A
Phone206-576-8333

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$779.80 million
Book Value$3.59 per share

Profitability

Net Income$-80,810,000.00

Miscellaneous

Employees3,377
Market Cap$4.14 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$41.58
-1.39 (-3.23 %)
(As of 07/31/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Redfin (NASDAQ:RDFN) Frequently Asked Questions

How has Redfin's stock been impacted by COVID-19 (Coronavirus)?

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 91.4% and is now trading at $41.58.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Redfin?

18 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 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Redfin
.

When is Redfin's next earnings date?

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

How were Redfin's earnings last quarter?

Redfin Corp (NASDAQ:RDFN) posted its quarterly earnings data on Thursday, July, 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.24) by $0.16. The business earned $213.67 million during the quarter, compared to analyst estimates of $186.78 million. Redfin had a negative return on equity of 20.93% and a negative net margin of 7.73%.
View Redfin's earnings history
.

What guidance has Redfin issued on next quarter's earnings?

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

What price target have analysts set for RDFN?

18 analysts have issued 1-year price objectives for Redfin's stock. Their forecasts range from $24.00 to $50.00. On average, they expect Redfin's share price to reach $34.40 in the next year. This suggests that the stock has a possible downside of 17.3%.
View analysts' price targets for Redfin
.

Has Redfin been receiving favorable news coverage?

Headlines about RDFN stock have trended negative recently, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Redfin earned a news impact score of -2.9 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the near term.
View the latest news about Redfin
.

Are investors shorting Redfin?

Redfin saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 9,670,000 shares, a drop of 11.9% from the June 30th total of 10,980,000 shares. Based on an average trading volume of 1,500,000 shares, the short-interest ratio is presently 6.4 days. Currently, 10.8% of the shares of the stock are short sold.
View Redfin's Current Options Chain
.

Who are some of Redfin's key competitors?

What other stocks do shareholders of Redfin own?

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).

Who are Redfin's key executives?

Redfin's management team includes the following people:
  • Mr. Glenn Kelman, Pres, CEO & Director (Age 47)
  • Mr. Chris Nielsen, Chief Financial Officer (Age 52)
  • Ms. Bridget Frey, Chief Technology Officer (Age 41)
  • Mr. Scott Nagel, Pres of Real Estate Operations (Age 54)
  • Mr. Adam Wiener, Chief Growth Officer (Age 40)

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 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.

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 variety of institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (0.25%), Calamos Advisors LLC (0.16%), Hodges Capital Management Inc. (0.15%), Raymond James & Associates (0.06%), Clarius Group LLC (0.06%) and Columbus Circle Investors (0.04%). Company insiders that own Redfin stock include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, Robert J Mylod Jr, Scott Nagel and Selina Tobaccowala.
View institutional ownership trends for Redfin
.

Which institutional investors are selling Redfin stock?

RDFN stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Raymond James & Associates, Columbus Circle Investors, Texas Yale Capital Corp., and Clarius Group LLC. Company insiders that have sold Redfin company stock in the last year include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, and Robert J Mylod Jr.
View insider buying and selling activity for Redfin
.

Which institutional investors are buying Redfin stock?

RDFN stock was purchased by a variety of institutional investors in the last quarter, including Hodges Capital Management Inc., First Trust Advisors LP, Calamos Advisors LLC, Nisa Investment Advisors LLC, Chartwell Investment Partners LLC, Symphony Financial Ltd. Co., Strs Ohio, and Coe Capital Management LLC.
View insider buying and selling activity for Redfin
.

How do I buy shares of 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.

What is Redfin's stock price today?

One share of RDFN stock can currently be purchased for approximately $41.58.

How big of a company is Redfin?

Redfin has a market capitalization of $4.14 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.

What is Redfin's official website?

The official website for Redfin is www.redfin.com.

How can I contact Redfin?

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]

This page was last updated on 8/3/2020 by MarketBeat.com Staff

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