Redfin Stock Forecast, Price & News

Redfin's stock was trading at $21.72 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RDFN stock has increased by 124.5% and is now trading at $48.76.
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17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 3 sell ratings, 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Redfin.

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Redfin is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Redfin.

Redfin Co. (NASDAQ:RDFN) posted its quarterly earnings data on Thursday, November, 5th. The company reported $0.30 EPS for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.05. The company earned $236.92 million during the quarter, compared to the consensus estimate of $216.52 million. Redfin had a negative net margin of 7.73% and a negative return on equity of 20.93%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS.
View Redfin's earnings history.

Redfin issued an update on its fourth quarter 2020 After-Hours earnings guidance on Thursday, November, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $226-233 million, compared to the consensus revenue estimate of $214.94 million.

17 analysts have issued 12 month price targets for Redfin's shares. Their forecasts range from $26.00 to $65.00. On average, they anticipate Redfin's share price to reach $44.64 in the next year. This suggests that the stock has a possible downside of 8.4%.
View analysts' price targets for Redfin.

Some companies that are related to Redfin include Jones Lang LaSalle (JLL), Daito Trust Construction Co.,Ltd. (DIFTY), Marriott Vacations Worldwide (VAC), eXp World (EXPI), Marcus & Millichap (MMI), Realogy (RLGY), Newmark Group (NMRK), RE/MAX (RMAX), Bluegreen Vacations (BXG), Fathom (FTHM), MDJM (MDJH), Novation Companies (NOVC) and Golden Gate Partners (GNGT).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Redfin investors own include Roku (ROKU), The Trade Desk (TTD), NVIDIA (NVDA), Netflix (NFLX), Square (SQ), The 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 $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 institutional and retail investors. Top institutional shareholders include Durable Capital Partners LP (7.92%), BlackRock Inc. (6.85%), Lord Abbett & CO. LLC (4.58%), Jackson Square Partners LLC (2.96%), State Street Corp (1.89%) and Charles Schwab Investment Management Inc. (0.63%). 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 Durable Capital Partners LP, Allianz Asset Management GmbH, Freestone Capital Holdings LLC, Handelsbanken Fonder AB, Voloridge Investment Management LLC, State Street Corp, Jackson Square Partners LLC, and Cubist Systematic Strategies LLC. 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 bought by a variety of institutional investors in the last quarter, including Landscape Capital Management L.L.C., Federated Hermes Inc., Great Lakes Advisors LLC, Great West Life Assurance Co. Can, Oak Ridge Investments LLC, Land & Buildings Investment Management LLC, Land & Buildings Investment Management LLC, and WINTON GROUP Ltd.
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 $48.76.

Redfin has a market capitalization of $4.99 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]