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NASDAQ:RDFN

Redfin Stock Forecast, Price & News

$48.76
+1.92 (+4.10 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$46.76
Now: $48.76
$48.92
50-Day Range
$39.24
MA: $46.07
$55.67
52-Week Range
$9.63
Now: $48.76
$56.31
Volume1.08 million shs
Average Volume1.60 million shs
Market Capitalization$4.99 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.9
Redfin Corporation operates as a real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells homes. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.39 out of 5 stars


Industry, Sector and Symbol

Industry Real estate agents & managers
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:RDFN
CUSIPN/A
Phone206-576-8333
Employees3,377

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$779.80 million
Book Value$3.59 per share

Profitability

Net Income$-80,810,000.00

Miscellaneous

Market Cap$4.99 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$48.76
+1.92 (+4.10 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Redfin (NASDAQ:RDFN) Frequently Asked Questions

How has Redfin's stock price 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 (WHO). Since then, RDFN stock has increased by 124.5% and is now trading at $48.76.
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 3 sell ratings, 6 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Redfin
.

What stocks does MarketBeat like better than Redfin?

Wall Street analysts have given Redfin a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Redfin wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Redfin's next earnings date?

Redfin is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Redfin
.

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) posted its quarterly earnings data on Thursday, November, 5th. The company reported $0.30 EPS for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.05. The company earned $236.92 million during the quarter, compared to the consensus estimate of $216.52 million. Redfin had a negative net margin of 7.73% and a negative return on equity of 20.93%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS.
View Redfin's earnings history
.

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

Redfin issued an update on its fourth quarter 2020 After-Hours earnings guidance on Thursday, November, 5th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $226-233 million, compared to the consensus revenue estimate of $214.94 million.

What price target have analysts set for RDFN?

17 analysts have issued 12 month price targets for Redfin's shares. Their forecasts range from $26.00 to $65.00. On average, they anticipate Redfin's share price to reach $44.64 in the next year. This suggests that the stock has a possible downside of 8.4%.
View analysts' price targets for Redfin
.

Who are some of Redfin's key 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 Roku (ROKU), The Trade Desk (TTD), NVIDIA (NVDA), Netflix (NFLX), Square (SQ), The Walt Disney (DIS), Tesla (TSLA), Etsy (ETSY), Shopify (SHOP) and Zynga (ZNGA).

Who are Redfin's key executives?

Redfin's management team includes the following people:
  • Mr. Glenn Kelman, Pres, CEO & Director (Age 48, Pay $284.37k)
  • Mr. Chris Nielsen, Chief Financial Officer (Age 53, Pay $526.44k)
  • Ms. Bridget Jean Frey, Chief Technology Officer (Age 42, Pay $444.41k)
  • Mr. Adam Wiener, Chief Growth Officer (Age 41, Pay $478.09k)
  • Mr. Christian Taubman, Chief Product Officer (Age 41, Pay $281.17k)
  • Mr. Anthony Kappus, VP of Legal, Gen. Counsel & Corp. Sec.
  • Ms. Lisa Tayor, VP of Marketing
  • Mr. Scott Nagel, Pres of Real Estate Operations (Age 55)
  • Ms. Karen S. Krupsaw, Sr. VP of Real Estate Operations
  • Ms. Daryl Fairweather, Chief Economist

When did Redfin IPO?

(RDFN) raised $120 million in an initial public offering (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.

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 Durable Capital Partners LP (7.92%), BlackRock Inc. (6.85%), Lord Abbett & CO. LLC (4.58%), Jackson Square Partners LLC (2.96%), State Street Corp (1.89%) and Charles Schwab Investment Management Inc. (0.63%). 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 institutional investors are selling Redfin stock?

RDFN stock was sold by a variety of institutional investors in the last quarter, including Durable Capital Partners LP, Allianz Asset Management GmbH, Freestone Capital Holdings LLC, Handelsbanken Fonder AB, Voloridge Investment Management LLC, State Street Corp, Jackson Square Partners LLC, and Cubist Systematic Strategies LLC. 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 institutional investors are buying Redfin stock?

RDFN stock was bought by a variety of institutional investors in the last quarter, including Landscape Capital Management L.L.C., Federated Hermes Inc., Great Lakes Advisors LLC, Great West Life Assurance Co. Can, Oak Ridge Investments LLC, Land & Buildings Investment Management LLC, Land & Buildings Investment Management LLC, and WINTON GROUP Ltd.
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 $48.76.

How big of a company is Redfin?

Redfin has a market capitalization of $4.99 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 11/28/2020 by MarketBeat.com Staff

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