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MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Oil tanker breaks down in Egypt's Suez Canal, disrupting traffic in the global waterway
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Oil tanker breaks down in Egypt's Suez Canal, disrupting traffic in the global waterway
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Oil tanker breaks down in Egypt's Suez Canal, disrupting traffic in the global waterway
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
With oil prices slumping, OPEC+ producers weigh more production cuts
Las Vegas ballpark pitch revives debate over public funding for sports stadiums

Redfin (RDFN) Stock Forecast, Price & News

$10.64
+0.58 (+5.77%)
(As of 06/2/2023 ET)
Compare
Today's Range
$9.94
$10.66
50-Day Range
$6.85
$11.17
52-Week Range
$3.08
$13.03
Volume
2.08 million shs
Average Volume
3.32 million shs
Market Capitalization
$1.18 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.76

Redfin MarketRank™ Forecast

Analyst Rating
Hold
1.86 Rating Score
Upside/​Downside
36.5% Downside
$6.76 Price Target
Short Interest
Bearish
18.47% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-2.08
Upright™ Environmental Score
News Sentiment
0.22mentions of Redfin in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.72 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.11) to ($0.90) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.34 out of 5 stars

Finance Sector

840th out of 873 stocks

Real Estate Agents & Managers Industry

13th out of 14 stocks


RDFN stock logo

About Redfin (NASDAQ:RDFN) Stock

Redfin 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.

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RDFN Stock News Headlines

“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
Brokerages Set Redfin Co. (NASDAQ:RDFN) PT at $6.60
Comparing Ohmyhome (NASDAQ:OMH) & Redfin (NASDAQ:RDFN)
Redfin: A Hold After Q1 Earnings
Redfin (RDFN) Q1 2023 Earnings Call Transcript
See More Headlines

RDFN Price History

RDFN Company Calendar

Last Earnings
5/04/2023
Today
6/04/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate agents & managers
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:RDFN
Fax
N/A
Employees
5,572
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$6.76
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
-36.5%
Consensus Rating
Hold
Rating Score (0-4)
1.86
Research Coverage
14 Analysts

Profitability

Net Income
$-321,140,000.00
Pretax Margin
-14.44%

Debt

Sales & Book Value

Annual Sales
$2.28 billion
Book Value
$0.19 per share

Miscellaneous

Free Float
105,038,000
Market Cap
$1.18 billion
Optionable
Optionable
Beta
2.26

Key Executives

  • Glenn KelmanGlenn Kelman
    President, Chief Executive Officer & Director
  • Chris Nielsen
    Chief Financial Officer & Treasurer
  • Bridget J. FreyBridget J. Frey
    Chief Technology Officer
  • Adam WienerAdam Wiener
    President-Real State Operations
  • Daryl Fairweather
    Chief Economist













RDFN Stock - Frequently Asked Questions

Should I buy or sell Redfin stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last twelve months. There are currently 2 sell ratings and 12 hold ratings for the stock. The consensus among Wall Street equities research 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?

14 Wall Street research analysts have issued 12-month target prices for Redfin's shares. Their RDFN share price forecasts range from $4.00 to $10.00. On average, they anticipate the company's stock price to reach $6.76 in the next twelve months. This suggests that the stock has a possible downside of 36.5%.
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 2023. Since then, RDFN shares have increased by 150.9% and is now trading at $10.64.
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, August 3rd 2023.
View our RDFN earnings forecast
.

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) announced its earnings results on Thursday, May, 4th. The company reported ($0.93) earnings per share for the quarter, topping analysts' consensus estimates of ($1.01) by $0.08. The firm earned $325.66 million during the quarter, compared to the consensus estimate of $314.95 million. Redfin had a negative trailing twelve-month return on equity of 387.26% and a negative net margin of 14.46%.

What guidance has Redfin issued on next quarter's earnings?

Redfin updated its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $268.00 million-$281.00 million, compared to the consensus revenue estimate of $297.04 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 a price of $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 Davidson Kempner Capital Management LP (0.00%), Bares Capital Management Inc. (16.31%), Baillie Gifford & Co. (8.31%), Two Sigma Investments LP (2.13%), Geode Capital Management LLC (2.02%) and Renaissance Technologies LLC (1.96%). Insiders that own company stock include Adam Wiener, Anthony Ray Kappus, Bradley E Singer, Bridget Frey, Christian John Taubman, Christopher John Nielsen, Glenn Kelman, James Slavet, Julie Bornstein, Kerry D Chandler, Robert J Bass, Robert J Mylod Jr, Scott Nagel and Selina Tobaccowala.
View institutional ownership trends
.

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 $10.64.

How much money does Redfin make?

Redfin (NASDAQ:RDFN) has a market capitalization of $1.18 billion and generates $2.28 billion in revenue each year. The company earns $-321,140,000.00 in net income (profit) each year or ($2.68) 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 6/4/2023 by MarketBeat.com Staff

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