NASDAQ:RDFN - Redfin Stock Price, Forecast & News

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.

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.

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

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.

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.

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.

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.

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.

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), Realogy (RLGY), Bluegreen Vacations (BXG), MDJM (MDJH) and Novation Companies (NOVC).

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).

(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.

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

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 $15.96.

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.

The official website for Redfin is http://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]