NASDAQ:RDFNRedfin Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Redfin Corp Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $18.52 +1.27 (+7.36 %) (As of 04/10/2020 07:12 AM ET) Add Compare Share Today's Range$17.49Now: $18.52▼$18.9850-Day Range$10.33MA: $20.84▼$32.4552-Week Range$9.63Now: $18.52▼$32.77Volume2.71 million shsAverage Volume2.62 million shsMarket Capitalization$1.72 billionP/E RatioN/ADividend YieldN/ABeta1.59 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 4.3 Analyst's Opinion Consensus RatingRedfin has received a consensus rating of Buy. The company's average rating score is 2.65, and is based on 12 buy ratings, 4 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $24.73, Redfin has a potential upside of 33.5% from its current price of $18.52.Amount of Analyst CoverageRedfin has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.4 Community Rank Outperform VotesRedfin has received 424 “outperform” votes. (Add your “outperform” vote.)Underperform VotesRedfin has received 448 “underperform” votes. (Add your “underperform” vote.)Community SentimentRedfin has received 51.38% “underperform” votes from our community.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. Previous Next 0.0 Dividend Strength Dividend YieldRedfin does not currently pay a dividend.Dividend GrowthRedfin does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Redfin insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,838,350.00 in company stock.Percentage Held by InsidersOnly 8.20% of the stock of Redfin is held by insiders.Percentage Held by Institutions90.28% of the stock of Redfin is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Redfin are expected to decrease by -40.48% in the coming year, from ($0.84) to ($0.50) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Redfin is -20.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Redfin is -20.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioRedfin has a P/B Ratio of 5.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.54 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Real estate agents & managers Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:RDFN Previous Symbol CUSIPN/A CIK1382821 Webhttp://www.redfin.com/ Phone206-576-8333Debt Debt-to-Equity Ratio0.54 Current Ratio5.30 Quick Ratio4.43Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$779.80 million Price / Sales2.21 Cash FlowN/A Price / Cash FlowN/A Book Value$3.59 per share Price / Book5.16Profitability EPS (Most Recent Fiscal Year)($0.88) Net Income$-80,810,000.00 Net Margins-10.36% Return on Equity-25.14% Return on Assets-13.68%Miscellaneous Employees3,377 Outstanding Shares93,120,000Market Cap$1.72 billion Next Earnings Date5/13/2020 (Estimated) OptionableOptionable Receive RDFN News and Ratings via Email Sign-up to receive the latest news and ratings for RDFN and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:RDFN Rates by TradingView 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 (WHO). Since then, RDFN stock has decreased by 14.7% and is now trading at $18.52. View which stocks have been most 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) announced its quarterly earnings data on Wednesday, February, 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.12) by $0.04. The company earned $233.20 million during the quarter, compared to the consensus estimate of $217.17 million. Redfin had a negative return on equity of 25.14% and a negative net margin of 10.36%. Redfin's revenue was up 87.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.14) EPS. 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 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 Wall Street analysts have issued 1-year target prices for Redfin's shares. Their forecasts range from $18.00 to $33.00. On average, they expect Redfin's stock price to reach $24.73 in the next twelve months. This suggests a possible upside of 33.5% from the stock's current price. View analysts' price targets for Redfin. Has Redfin been receiving favorable news coverage? Media headlines about RDFN stock have been trending very negative on Friday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press 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 coverage optimism score of -3.3 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutRedfin. Who are some of Redfin's key competitors? 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), Re/Max (RMAX), Bluegreen Vacations (BXG), Realogy (RLGY), MDJM (MDJH) and Novation Companies (NOVC). 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), Alibaba Group (BABA), Shopify (SHOP), Twilio (TWLO), Advanced Micro Devices (AMD) and Stitch Fix (SFIX). 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 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. 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 $18.52. How big of a company is Redfin? Redfin has a market capitalization of $1.72 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] This page was last updated on 4/10/2020 by MarketBeat.com StaffFeatured Article: Why is the price target of stocks important?
