Lowest-Rated Stocks NASDAQ:RDFN Redfin - RDFN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Redfin Co. Please log in to your account or sign up in order to add this asset to your watchlist. $9.06 +0.90 (+11.03%) (As of 03/31/2023 12:00 AM ET) Add Compare Share Share Today's Range$8.24▼$9.1550-Day Range$5.66▼$9.8852-Week Range$3.08▼$20.24Volume4.58 million shsAverage Volume3.18 million shsMarket Capitalization$994.24 millionP/E RatioN/ADividend YieldN/APrice Target$6.73 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Redfin MarketRank™ ForecastAnalyst RatingHold1.77 Rating ScoreUpside/Downside25.8% Downside$6.73 Price TargetShort InterestBearish16.51% of Shares Sold ShortDividend StrengthN/ASustainability-1.42Upright™ Environmental ScoreNews Sentiment0.32Based on 3 Articles This WeekInsider TradingAcquiring Shares$354,390 Bought Last QuarterProj. Earnings GrowthGrowingFrom ($1.52) to ($0.93) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.69 out of 5 starsFinance Sector814th out of 890 stocksReal Estate Agents & Managers Industry10th out of 13 stocks 1.9 Analyst's Opinion Consensus RatingRedfin has received a consensus rating of Hold. The company's average rating score is 1.77, and is based on no buy ratings, 10 hold ratings, and 3 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $6.73, Redfin has a forecasted downside of 25.8% from its current price of $9.06.Amount of Analyst CoverageRedfin has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted16.51% of the outstanding shares of Redfin have been sold short.Short Interest Ratio / Days to CoverRedfin has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in Redfin has recently decreased by 1.31%, indicating that investor sentiment is improving. 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 3.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreRedfin has received a 38.43% net impact score from Upright. Redfin seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is driven by its "Apartment leasing services" and "Home-selling services" products. See details.Environmental SustainabilityThe Environmental Impact score for Redfin is -1.42. Previous Next 1.3 News and Social Media Coverage News SentimentRedfin has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Redfin this week, compared to 7 articles on an average week.Search InterestOnly 36 people have searched for RDFN on MarketBeat in the last 30 days. This is a decrease of -59% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added Redfin to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Redfin insiders have bought 471.09% more of their company's stock than they have sold. Specifically, they have bought $354,390.00 in company stock and sold $62,055.00 in company stock.Percentage Held by InsidersOnly 5.20% of the stock of Redfin is held by insiders.Percentage Held by Institutions81.81% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for Redfin are expected to grow in the coming year, from ($1.52) to ($0.93) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Redfin is -3.03, 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 -3.03, 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 15.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Redfin (NASDAQ:RDFN) StockRedfin Corp. engages in the management of an online real estate marketplace and provision of real estate services. It operates through the following segments: Real Estate Services, Properties, Rentals, Mortgage, and Other. The company was founded by David Selinger, David Eraker, and Michael Dougherty in October 2002 and is headquartered in Seattle, WA.Read More Receive RDFN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Redfin and its competitors with MarketBeat's FREE daily newsletter. Email Address RDFN Stock News HeadlinesMarch 31, 2023 | americanbankingnews.comRedfin (NASDAQ:RDFN) Stock Price Up 4.8%March 28, 2023 | finance.yahoo.comRedfin Reports Cross-Country Movers Largely Undeterred By High Mortgage RatesApril 1, 2023 | Legacy Research (Affiliate) (Ad)Bear market expert makes new predictionNobody believed Larry Benedict's prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, "It seems like there's much more to come." Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that "all the indexes will be negative for the year," with the Nasdaq leading the way. Once again, he was spot-on.March 17, 2023 | finance.yahoo.comWhy Redfin Stock Soared 25% This WeekMarch 16, 2023 | finance.yahoo.comRedfin Reports Demand For Mortgages Ticks Up As Rates Drop Amid Banking TurmoilMarch 15, 2023 | finance.yahoo.comRedfin Reports Nearly Half of Home Sellers Are Making Concessions to Woo BuyersMarch 14, 2023 | finance.yahoo.comRedfin (RDFN) Soars 14.0%: Is Further Upside Left in the Stock?March 13, 2023 | finance.yahoo.comWhy Redfin Stock Jumped TodayApril 1, 2023 | Legacy Research (Affiliate) (Ad)Bear market expert makes new predictionNobody believed Larry Benedict's prediction in February 2020. The DOW plunged 3.5%, and he told CNBC, "It seems like there's much more to come." Within a month, the market plummeted 34%. Then, nobody believed Larry at the start of last year, either. He predicted that "all the indexes will be negative for the year," with the Nasdaq leading the way. Once again, he was spot-on.March 10, 2023 | finance.yahoo.comRedfin Reports Rents Drop to Lowest Level in a YearMarch 9, 2023 | finance.yahoo.comRedfin Reports Homebuyers’ Monthly Payments Hit All-Time High As Mortgage Rates RiseMarch 6, 2023 | finance.yahoo.comRedfin Reports Million-Dollar Homes Are Less Common as High Mortgage Rates Cool the MarketMarch 3, 2023 | finance.yahoo.comRedfin Reports There Were Half as Many Affordable Homes for Sale in 2022 as There Were in 2021March 1, 2023 | finance.yahoo.comRedfin Reports The Typical U.S. Home Changes Hands Every 12 Years, Down From 2020 PeakFebruary 24, 2023 | msn.comHome Prices Flatten as Mortgage Applications Tumble Amid Rising Rates, Redfin SaysFebruary 24, 2023 | finance.yahoo.comMarket Recovery Hampered by High Housing Costs, Low Supply in JanuaryFebruary 22, 2023 | finance.yahoo.comU.S. home values declined by $2.3 trillion in 2nd-half of 2022, Redfin saysFebruary 16, 2023 | finance.yahoo.comRedfin (RDFN) Q4 2022 Earnings Call TranscriptFebruary 16, 2023 | finance.yahoo.comRedfin Reports Fourth Quarter and Full Year 2022 Financial ResultsFebruary 9, 2023 | finance.yahoo.comRedfin Reports More Buyers Step Onto the Field, Luring Some Sellers Off the SidelinesFebruary 8, 2023 | finance.yahoo.comGen Z and Millennial Renters Have Lower Inflation Rates Than Overall U.S. Population For First Time in 2 YearsFebruary 3, 2023 | finance.yahoo.comIs Redfin's Stock Ready to Make a Sustained Recovery?February 2, 2023 | finance.yahoo.comRedfin to Announce Fourth-Quarter 2022 Results on February 16, 2023February 2, 2023 | finance.yahoo.comRedfin Reports $2,500 Monthly Budget Buys a $400,000 Home For First Time Since September As Rates Dip Below 6%February 2, 2023 | finance.yahoo.comSan Francisco Homebuyers Are Paying $18,000 Less Per Year Than Those Who Bought When Rates PeakedJanuary 31, 2023 | finance.yahoo.comRedfin Launches Favorites Lists to Help Organize Your Home SearchJanuary 25, 2023 | finance.yahoo.comRedfin Report: The Housing Market Has Started to RecoverSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive RDFN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Redfin and its competitors with MarketBeat's FREE daily newsletter. Email Address RDFN Company Calendar Last Earnings2/16/2023Today4/01/2023Next Earnings (Estimated)5/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Real estate agents & managers Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:RDFN CUSIPN/A CIK1382821 Webwww.redfin.com Phone(206) 576-8610FaxN/AEmployees5,572Year FoundedN/APrice Target and Rating Average Stock Price Forecast$6.73 High Stock Price Forecast$10.00 Low Stock Price Forecast$4.00 Forecasted Upside/Downside-25.8%Consensus RatingHold Rating Score (0-4)1.77 Research Coverage13 Analysts Profitability EPS (Most Recent Fiscal Year)($2.99) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-321,140,000.00 Net Margins-14.06% Pretax Margin-14.05% Return on Equity-234.33% Return on Assets-17.99% Debt Debt-to-Equity Ratio16.86 Current Ratio2.19 Quick Ratio1.87 Sales & Book Value Annual Sales$2.28 billion Price / Sales0.44 Cash FlowN/A Price / Cash FlowN/A Book Value$0.59 per share Price / Book15.36Miscellaneous Outstanding Shares109,740,000Free Float104,029,000Market Cap$994.24 million OptionableOptionable Beta2.22 Key ExecutivesGlenn KelmanPresident, Chief Executive Officer & DirectorChris NielsenChief Financial Officer & TreasurerBridget J. FreyChief Technology OfficerAdam WienerPresident-Real State OperationsDaryl FairweatherChief EconomistKey CompetitorsNewmark GroupNASDAQ:NMRKMarcus & MillichapNYSE:MMIAnywhere Real EstateNYSE:HOUSRE/MAXNYSE:RMAXDouglas EllimanNYSE:DOUGView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCSold 7,825 shares on 3/23/2023Ownership: 0.044%Parallax Volatility Advisers L.P.Bought 3,800 shares on 2/27/2023Ownership: 0.000%NatixisBought 209,500 shares on 2/24/2023Ownership: 0.393%Teachers Retirement System of The State of KentuckySold 71,545 shares on 2/22/2023Ownership: 0.201%Anthony Ray KappusSold 795 sharesTotal: $6,646.20 ($8.36/share)View All Insider TransactionsView All Institutional Transactions RDFN Stock - Frequently Asked Questions Should I buy or sell Redfin stock right now? 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last twelve months. There are currently 3 sell ratings and 10 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RDFN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RDFN, but not buy additional shares or sell existing shares. View RDFN analyst ratings or view top-rated stocks. What is Redfin's stock price forecast for 2023? 13 Wall Street analysts have issued 12 month price targets for Redfin's stock. Their RDFN share price forecasts range from $4.00 to $10.00. On average, they anticipate the company's stock price to reach $6.73 in the next twelve months. This suggests that the stock has a possible downside of 25.8%. View analysts price targets for RDFN or view top-rated stocks among Wall Street analysts. How have RDFN shares performed in 2023? Redfin's stock was trading at $4.24 at the beginning of the year. Since then, RDFN shares have increased by 113.7% and is now trading at $9.06. View the best growth stocks for 2023 here. When is Redfin's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. View our RDFN earnings forecast. How were Redfin's earnings last quarter? Redfin Co. (NASDAQ:RDFN) released its quarterly earnings data on Thursday, February, 16th. The company reported ($0.83) earnings per share for the quarter, topping the consensus estimate of ($1.13) by $0.30. The firm had revenue of $479.66 million for the quarter, compared to analysts' expectations of $446.39 million. Redfin had a negative net margin of 14.06% and a negative trailing twelve-month return on equity of 234.33%. What ETFs hold Redfin's stock? ETFs with the largest weight of Redfin (NASDAQ:RDFN) stock in their portfolio include Hoya Capital Housing ETF (HOMZ), WisdomTree Growth Leaders Fund (PLAT), Amplify Inflation Fighter ETF (IWIN), Fidelity MSCI Real Estate Index ETF (FREL), Motley Fool Next Index ETF (TMFX), Vanguard Real Estate ETF (VNQ) and Invesco NASDAQ Internet ETF (PNQI). What guidance has Redfin issued on next quarter's earnings? Redfin issued an update on its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $307.00 million-$324.00 million, compared to the consensus revenue estimate of $285.38 million. What is Glenn Kelman's approval rating as Redfin's CEO? 387 employees have rated Redfin Chief Executive Officer Glenn Kelman on Glassdoor.com. Glenn Kelman has an approval rating of 80% among the company's employees. What other stocks do shareholders of Redfin own? Based on aggregate information from My MarketBeat watchlists, some companies that other Redfin investors own include Roku (ROKU), Trade Desk (TTD), NVIDIA (NVDA), Netflix (NFLX), Block (SQ), Walt Disney (DIS), Tesla (TSLA), Etsy (ETSY), Shopify (SHOP) and Zynga (ZNGA). 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 stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Redfin's stock price today? One share of RDFN stock can currently be purchased for approximately $9.06. How much money does Redfin make? Redfin (NASDAQ:RDFN) has a market capitalization of $994.24 million and generates $2.28 billion in revenue each year. The company earns $-321,140,000.00 in net income (profit) each year or ($2.99) on an earnings per share basis. How many employees does Redfin have? The company employs 5,572 workers across the globe. How can I contact Redfin? Redfin's mailing address is 1099 STEWART STREET SUITE 600, SEATTLE WA, 98101. The official website for the company is www.redfin.com. The company can be reached via phone at (206) 576-8610 or via email at ir@redfin.com. This page (NASDAQ:RDFN) was last updated on 4/1/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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