NASDAQ:RDFN - Redfin Stock Price, Forecast & News

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

Redfin Corp (NASDAQ:RDFN) announced its quarterly earnings results on Wednesday, February, 12th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.04. The company had revenue of $233.20 million for 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%. The firm's revenue for the quarter was up 87.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.14) EPS. View Redfin's Earnings History.

Redfin is scheduled to release their next quarterly earnings announcement on Wednesday, May 13th 2020. View Earnings Estimates for Redfin.

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.

15 brokers 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 $26.29 in the next year. This suggests that the stock has a possible downside of 5.1%. View Analyst Price Targets for Redfin.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 3 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Redfin.

News stories about RDFN stock have been trending very negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Redfin earned a daily sentiment score of -3.5 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Redfin.

Redfin saw a drop in short interest in the month of February. As of February 14th, there was short interest totalling 13,060,000 shares, a drop of 6.5% from the January 30th total of 13,970,000 shares. Based on an average daily trading volume, of 990,900 shares, the short-interest ratio is currently 13.2 days. Approximately 16.1% of the company's stock 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), Newmark Group (NMRK), Marcus & Millichap (MMI), Realogy (RLGY), eXp World (EXPI), Bluegreen Vacations (BXG), Re/Max (RMAX), 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), Twilio (TWLO), Advanced Micro Devices (AMD), Alibaba Group (BABA), Stitch Fix (SFIX), salesforce.com (CRM) and Shopify (SHOP).

(RDFN) raised $120 million in an initial public offering 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 served as the underwriters for the IPO and Oppenheimer and Stifel were co-managers.

Redfin's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (8.67%), Jackson Square Partners LLC (7.65%), Capital International Investors (6.19%), Bank of New York Mellon Corp (2.12%), State Street Corp (1.93%) and Lord Abbett & CO. LLC (1.85%). Company insiders that own Redfin stock include Adam Wiener, Bridget Frey, Christopher John Nielsen, David H Lissy, Glenn Kelman, Julie Bornstein, 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 Point72 Asset Management L.P., Handelsbanken Fonder AB, Calamos Advisors LLC, Clarius Group LLC, TD Asset Management Inc., Sei Investments Co., Institute for Wealth Management LLC. and State of New Jersey Common Pension Fund D. Company insiders that have sold Redfin company stock in the last year include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, Robert J Mylod Jr and Scott Nagel. View Insider Buying and Selling for Redfin.

RDFN stock was bought by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Bank of New York Mellon Corp, Lord Abbett & CO. LLC, Spyglass Capital Management LLC, Mitsubishi UFJ Trust & Banking Corp, Alliancebernstein L.P., Renaissance Technologies LLC and Jackson Square Partners LLC. Company insiders that have bought Redfin stock in the last two years include David H Lissy and Glenn Kelman. View Insider Buying and Selling 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 $27.69.

Redfin has a market capitalization of $2.58 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]