NASDAQ:RDFN Redfin Stock Forecast, Price & 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 $45.92 -3.53 (-7.14 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$45.14Now: $45.92▼$50.3250-Day Range$40.71MA: $45.67▼$52.0052-Week Range$9.63Now: $45.92▼$55.43Volume2.77 million shsAverage Volume1.63 million shsMarket Capitalization$4.57 billionP/E RatioN/ADividend YieldN/ABeta1.96 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial 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™ 2.1 Analyst's Opinion Consensus RatingRedfin has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 7 buy ratings, 6 hold ratings, and 4 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $37.87, Redfin has a forecasted downside of 17.5% from its current price of $45.92.Amount of Analyst CoverageRedfin has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.4 Community Rank Outperform VotesRedfin has received 446 “outperform” votes. (Add your “outperform” vote.)Underperform VotesRedfin has received 465 “underperform” votes. (Add your “underperform” vote.)Community SentimentRedfin has received 51.04% “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 $12,479,704.00 in company stock.Percentage Held by InsidersOnly 7.30% of the stock of Redfin is held by insiders.Percentage Held by Institutions89.59% 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 ($0.41) to ($0.34) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Redfin is -62.90, 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 -62.90, 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 12.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.1Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.22 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 Webwww.redfin.com Phone206-576-8333Debt Debt-to-Equity Ratio0.50 Current Ratio4.21 Quick Ratio4.14Price-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 / Sales5.86 Cash FlowN/A Price / Cash FlowN/A Book Value$3.59 per share Price / Book12.79Profitability EPS (Most Recent Fiscal Year)($0.88) Net Income$-80,810,000.00 Net Margins-7.73% Return on Equity-20.93% Return on Assets-10.84%Miscellaneous Employees3,377 Outstanding Shares99,477,000Market Cap$4.57 billion Next Earnings Date11/4/2020 (Estimated) OptionableOptionable $45.92 -3.53 (-7.14 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart 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. 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, RDFN shares have increased by 111.4% and is now trading at $45.92. View which stocks have been most impacted by COVID-19. 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 4 sell ratings, 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Redfin. When is Redfin's next earnings date? Redfin is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020. View our earnings forecast for Redfin. How were Redfin's earnings last quarter? Redfin Corp (NASDAQ:RDFN) posted its quarterly earnings data on Thursday, July, 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.16. The firm had revenue of $213.67 million for the quarter, compared to the consensus estimate of $186.78 million. Redfin had a negative net margin of 7.73% and a negative return on equity of 20.93%. View Redfin's earnings history. What guidance has Redfin issued on next quarter's earnings? Redfin updated its third quarter 2020 After-Hours earnings guidance on Thursday, July, 30th. The company provided 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. What price target have analysts set for RDFN? 17 brokers have issued 12-month price targets for Redfin's shares. Their forecasts range from $24.00 to $58.00. On average, they expect Redfin's share price to reach $37.87 in the next twelve months. This suggests that the stock has a possible downside of 17.5%. View analysts' price targets for Redfin. Are investors shorting Redfin? Redfin saw a drop in short interest in the month of August. As of August 14th, there was short interest totaling 8,150,000 shares, a drop of 15.7% from the July 30th total of 9,670,000 shares. Based on an average trading volume of 1,500,000 shares, the short-interest ratio is currently 5.4 days. View Redfin's Short Interest. Who are some of Redfin's key competitors? Some companies that are related to Redfin include Daito Trust Construction (DIFTY), 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), 1847 Goedeker (FTHM), MDJM (MDJH) and Novation Companies (NOVC). View all competitors. 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), Square (SQ), Walt Disney (DIS), Tesla (TSLA), Shopify (SHOP), Etsy (ETSY) and Zynga (ZNGA). 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 $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. What is Redfin's stock symbol? Redfin trades on the NASDAQ under the ticker symbol "RDFN." Who are Redfin's major shareholders? Redfin's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.06%), Grantham Mayo Van Otterloo & Co. LLC (1.81%), Bank of New York Mellon Corp (1.76%), Mitsubishi UFJ Trust & Banking Corp (0.84%), Charles Schwab Investment Management Inc. (0.61%) and Sei Investments Co. (0.56%). Company insiders that own Redfin stock include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, Julie Bornstein, Robert J Mylod Jr, Scott Nagel and Selina Tobaccowala. View institutional ownership trends for Redfin. Which major investors are selling Redfin stock? RDFN stock was sold by a variety of institutional investors in the last quarter, including Grantham Mayo Van Otterloo & Co. LLC, Handelsbanken Fonder AB, Sei Investments Co., Macquarie Group Ltd., Russell Investments Group Ltd., SG Americas Securities LLC, Mitsubishi UFJ Trust & Banking Corp, and BSW Wealth Partners. Company insiders that have sold Redfin company stock in the last year include Adam Wiener, Bridget Frey, Christopher John Nielsen, Glenn Kelman, Julie Bornstein, Robert J Mylod Jr, and Scott Nagel. View insider buying and selling activity for Redfin. Which major investors are buying Redfin stock? RDFN stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Atom Investors LP, Federated Hermes Inc., Par Capital Management Inc., Intrinsic Edge Capital Management LLC, Parian Global Management LP, Man Group plc, and Pier Capital LLC. View insider buying and selling activity for Redfin. 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 $45.92. How big of a company is Redfin? Redfin has a market capitalization of $4.57 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. What is Redfin's official website? The official website for Redfin is 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 9/20/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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 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. 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