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NASDAQ:RDFN

Redfin - RDFN Stock Forecast, Price & News

$5.75
-0.45 (-7.26%)
(As of 10/5/2022 10:52 AM ET)
Add
Compare
Today's Range
$5.75
$6.03
50-Day Range
$5.84
$12.76
52-Week Range
$5.66
$53.94
Volume
94,628 shs
Average Volume
4.17 million shs
Market Capitalization
$623.65 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$18.58

Redfin MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
222.1% Upside
$18.58 Price Target
Short Interest
Bearish
13.51% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.14
Upright™ Environmental Score
News Sentiment
0.03mentions of Redfin in the last 14 days
Based on 12 Articles This Week
Insider Trading
Acquiring Shares
$840,000 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($2.92) to ($1.80) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Finance Sector

785th out of 925 stocks

Real Estate Agents & Managers Industry

9th out of 14 stocks

RDFN stock logo

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.

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RDFN Stock News Headlines

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RDFN Company Calendar

Last Earnings
8/04/2022
Today
10/05/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate agents & managers
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:RDFN
Fax
N/A
Employees
6,485
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$18.58
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+223.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
12 Analysts

Profitability

Net Income
$-109,610,000.00
Pretax Margin
-9.03%

Debt

Sales & Book Value

Annual Sales
$1.92 billion
Book Value
$2.94 per share

Miscellaneous

Free Float
102,815,000
Market Cap
$623.65 million
Optionable
Optionable
Beta
1.95

Key Executives

  • Mr. Glenn KelmanMr. 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 WienerMr. 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 TaubmanMr. Christian John Taubman (Age 43)
    Chief Growth Officer













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 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.
View RDFN analyst ratings
or view top-rated stocks.

What is Redfin's stock price forecast for 2022?

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.
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 83.8% and is now trading at $6.20.
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 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.

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

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.

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 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."

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 $6.20.

How much money does Redfin make?

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.

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 10/5/2022 by MarketBeat.com Staff

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