NASDAQ:RDFNRedfin Stock Price, Forecast & News

Redfin's stock was trading at $21.72 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, RDFN shares have increased by 101.2% and is now trading at $43.69.
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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.
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Redfin Corp (NASDAQ:RDFN) posted its quarterly earnings data on Thursday, July, 30th. The company reported ($0.08) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.24) by $0.16. The firm earned $213.67 million during the quarter, compared to analysts' expectations of $186.78 million. Redfin had a negative return on equity of 20.93% and a negative net margin of 7.73%.
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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 brokerages have issued 1 year price targets for Redfin's stock. Their forecasts range from $24.00 to $50.00. On average, they anticipate Redfin's share price to reach $35.60 in the next twelve months. This suggests that the stock has a possible downside of 18.5%.
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Headlines about RDFN stock have been trending very positive on Saturday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. 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 4.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
View the latest news about Redfin.

Redfin saw a decrease in short interest in July. As of July 31st, there was short interest totaling 9,670,000 shares, a decrease of 11.9% from the July 15th total of 10,980,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the days-to-cover ratio is currently 6.4 days. Approximately 10.8% of the company's stock are short sold.
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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 Trade Desk (TTD), Netflix (NFLX), NVIDIA (NVDA), Roku (ROKU), Square (SQ), Shopify (SHOP), Tesla (TSLA), Walt Disney (DIS), Twilio (TWLO) and Alteryx (AYX).

(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 served 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 a number of retail and institutional investors. Top institutional shareholders 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 bought 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 $43.69.

Redfin has a market capitalization of $4.35 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]