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NASDAQ:RDFN - Redfin Stock Price, Forecast & News

$15.96
-0.13 (-0.81 %)
(As of 03/31/2020 01:39 AM ET)
Today's Range
$15.10
Now: $15.96
$16.37
50-Day Range
$10.33
MA: $23.54
$32.45
52-Week Range
$9.63
Now: $15.96
$32.77
Volume1.64 million shs
Average Volume1.87 million shs
Market Capitalization$1.49 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.98
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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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$1.49 billion
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, RDFN stock has decreased by 26.5% and is now trading at $15.96. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Redfin?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 1 sell rating, 4 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Redfin.

When is Redfin's next earnings date?

Redfin is scheduled to release its next quarterly earnings announcement on Wednesday, May 13th 2020. View our earnings forecast for Redfin.

How were Redfin's earnings last quarter?

Redfin Corp (NASDAQ:RDFN) released its quarterly earnings results on Wednesday, February, 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.12) by $0.04. The firm had revenue of $233.20 million for the quarter, compared to analyst estimates of $217.17 million. Redfin had a negative net margin of 10.36% and a negative return on equity of 25.14%. Redfin's revenue for the quarter was up 87.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. View Redfin's earnings history.

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

Redfin issued an update on its first quarter 2020 After-Hours earnings guidance on Wednesday, February, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $179-188 million, compared to the consensus revenue estimate of $178.25 million.

What price target have analysts set for RDFN?

17 equities research analysts have issued twelve-month price targets for Redfin's shares. Their forecasts range from $18.00 to $33.00. On average, they expect Redfin's share price to reach $24.73 in the next year. This suggests a possible upside of 55.0% from the stock's current price. View analysts' price targets for Redfin.

Has Redfin been receiving favorable news coverage?

Press coverage about RDFN stock has been trending very negative recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Redfin earned a media sentiment score of -3.7 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news aboutRedfin.

Are investors shorting Redfin?

Redfin saw a decrease in short interest in February. As of February 14th, there was short interest totaling 13,060,000 shares, a decrease of 6.5% from the January 30th total of 13,970,000 shares. Based on an average daily volume of 990,900 shares, the days-to-cover ratio is presently 13.2 days. Currently, 16.1% of the company's shares are sold short. 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 NVIDIA (NVDA), Netflix (NFLX), Roku (ROKU), Trade Desk (TTD), salesforce.com (CRM), Twilio (TWLO), Advanced Micro Devices (AMD), Stitch Fix (SFIX), Alibaba Group (BABA) and Shopify (SHOP).

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 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.

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 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 $15.96.

How big of a company is Redfin?

Redfin has a market capitalization of $1.49 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. View additional information about Redfin.

What is Redfin's official website?

The official website for Redfin is http://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]


MarketBeat Community Rating for Redfin (NASDAQ RDFN)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  422 (Vote Outperform)
Underperform Votes:  445 (Vote Underperform)
Total Votes:  867
MarketBeat's community ratings are surveys of what our community members think about Redfin and other stocks. Vote "Outperform" if you believe RDFN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RDFN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/31/2020 by MarketBeat.com Staff

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