NASDAQ:RDFNRedfin Stock Price, Forecast & News

Redfin's stock was trading at $21.72 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RDFN stock has increased by 102.6% and is now trading at $44.00.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 4 sell ratings, 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Redfin is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Redfin.

Redfin Corp (NASDAQ:RDFN) announced its quarterly earnings results on Thursday, July, 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.24) by $0.16. The company earned $213.67 million during the quarter, compared to analyst estimates of $186.78 million. Redfin had a negative net margin of 7.73% and a negative return on equity of 20.93%.
View Redfin's earnings history.

Redfin updated its third quarter 2020 After-Hours earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $214-225 million, compared to the consensus revenue estimate of $221.41 million.

18 equities research analysts have issued 12-month price targets for Redfin's shares. Their forecasts range from $24.00 to $50.00. On average, they anticipate Redfin's stock price to reach $35.60 in the next year. This suggests that the stock has a possible downside of 19.1%.
View analysts' price targets for Redfin.

Media headlines about RDFN stock have been trending neutral recently, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Redfin earned a news impact score of 0.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Redfin.

Redfin saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 9,670,000 shares, a decline of 11.9% from the July 15th total of 10,980,000 shares. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is presently 6.4 days. Approximately 10.8% of the shares of the company are short sold.
View Redfin's Short Interest.

Some companies that are related to Redfin include Jones Lang LaSalle (JLL), Marriott Vacations Worldwide (VAC), eXp World (EXPI), Realogy (RLGY), Marcus & Millichap (MMI), Newmark Group (NMRK), Re/Max (RMAX), Bluegreen Vacations (BXG), MDJM (MDJH) and Novation Companies (NOVC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Redfin investors own include NVIDIA (NVDA), Netflix (NFLX), Trade Desk (TTD), Roku (ROKU), Shopify (SHOP), Square (SQ), Zynga (ZNGA), Okta (OKTA), Tesla (TSLA) and Etsy (ETSY).

(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.

Redfin trades on the NASDAQ under the ticker symbol "RDFN."

Redfin's stock is owned by many different institutional and retail investors. Top institutional investors include First Trust Advisors LP (0.25%), Swiss National Bank (0.20%), Calamos Advisors LLC (0.16%), Hodges Capital Management Inc. (0.15%), Russell Investments Group Ltd. (0.14%) and Mutual of America Capital Management LLC (0.12%). Company insiders that own Redfin stock include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, 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 Russell Investments Group Ltd., SG Americas Securities LLC, Raymond James & Associates, Columbus Circle Investors, Texas Yale Capital Corp., Clarius Group LLC, Mutual of America Capital Management LLC, and RFG Advisory 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 Hodges Capital Management Inc., Swiss National Bank, First Trust Advisors LP, Trexquant Investment LP, Calamos Advisors LLC, Nisa Investment Advisors LLC, Chartwell Investment Partners LLC, and Principal Financial Group Inc..
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 $44.00.

Redfin has a market capitalization of $4.38 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]