Redfin - RDFN Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 3 sell ratings and 9 hold ratings for the stock. The consensus among Wall Street equities research 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.
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12 analysts have issued 1-year price objectives for Redfin's stock. Their RDFN share price forecasts range from $4.00 to $13.00. On average, they predict the company's stock price to reach $6.50 in the next year. This suggests that the stock has a possible downside of 31.2%.
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Redfin's stock was trading at $4.24 at the start of the year. Since then, RDFN shares have increased by 122.9% and is now trading at $9.45.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
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Redfin will be holding an earnings conference call on Thursday, February 16th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Redfin Co. (NASDAQ:RDFN) released its quarterly earnings data on Wednesday, November, 9th. The company reported ($0.83) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.85) by $0.02. The company earned $600.52 million during the quarter, compared to analyst estimates of $601.69 million. Redfin had a negative net margin of 11.69% and a negative trailing twelve-month return on equity of 135.08%.

Redfin updated its fourth quarter 2022 earnings guidance on Friday, December, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $430.00 million-$459.00 million, compared to the consensus revenue estimate of $560.16 million.

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.

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).

(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."

Redfin's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (8.97%), Wolverine Asset Management LLC (0.00%), CWM LLC (0.25%), Stonegate Investment Group LLC (0.23%), Nisa Investment Advisors LLC (0.09%) and Bank of Montreal Can (0.04%). 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.
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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.
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One share of RDFN stock can currently be purchased for approximately $9.45.

Redfin (NASDAQ:RDFN) has a market capitalization of $1.03 billion and generates $1.92 billion in revenue each year. The company earns $-109,610,000.00 in net income (profit) each year or ($2.69) on an earnings per share basis.

The company employs 6,485 workers across the globe.

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.