NASDAQ:RDFNRedfin Stock Price, Forecast & News

Redfin's stock was trading at $21.72 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RDFN shares have increased by 38.1% and is now trading at $29.99. View which stocks have been most impacted by Coronavirus.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 1 sell rating, 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Redfin.

Redfin is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Redfin.

Redfin Corp (NASDAQ:RDFN) posted its quarterly earnings data on Thursday, May, 7th. The company reported ($0.64) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.75) by $0.11. The firm earned $191 million during the quarter, compared to analyst estimates of $178.77 million. Redfin had a negative net margin of 8.57% and a negative return on equity of 23.57%. Redfin's revenue was up 73.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.74) EPS. View Redfin's earnings history.

Redfin issued an update on its second quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $179-189 million, compared to the consensus revenue estimate of $195.78 million.

17 brokerages have issued 1 year price targets for Redfin's shares. Their forecasts range from $18.00 to $30.00. On average, they anticipate Redfin's share price to reach $24.20 in the next twelve months. This suggests that the stock has a possible downside of 19.3%. View analysts' price targets for Redfin.

Press coverage about RDFN stock has trended extremely negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Redfin earned a daily sentiment score of -5.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutRedfin.

Some companies that are related to Redfin include Jones Lang LaSalle (JLL), Marriott Vacations Worldwide (VAC), Marcus & Millichap (MMI), Newmark Group (NMRK), eXp World (EXPI), Realogy (RLGY), Re/Max (RMAX), Bluegreen Vacations (BXG), MDJM (MDJH) and Novation Companies (NOVC). View all competitors.

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).

(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 acted 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 variety of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (8.07%), BlackRock Inc. (6.19%), Lord Abbett & CO. LLC (4.19%), Grantham Mayo Van Otterloo & Co. LLC (2.34%), State Street Corp (1.82%) and Bank of New York Mellon Corp (1.73%). 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 Bank of New York Mellon Corp, Handelsbanken Fonder AB, Engineers Gate Manager LP, Alliancebernstein L.P., Janus Henderson Group PLC, Baillie Gifford & Co., UBS Group AG, and 361 Capital 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.

RDFN stock was acquired by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Grantham Mayo Van Otterloo & Co. LLC, Archon Partners LLC, First Trust Advisors LP, Driehaus Capital Management LLC, Spyglass Capital Management LLC, Silvercrest Asset Management Group LLC, and Geode Capital Management 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 $29.99.

Redfin has a market capitalization of $2.95 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]