NASDAQ:RDFN Redfin (RDFN) Stock Price, News & Analysis → Elon’s New Device is About to Shock the World (From InvestorPlace) (Ad) Free RDFN Stock Alerts $7.53 -0.12 (-1.57%) (As of 05/17/2024 ET) Add Compare Share Share Today's Range$7.46▼$7.7150-Day Range$5.18▼$8.0052-Week Range$4.26▼$17.68Volume1.91 million shsAverage Volume5.23 million shsMarket Capitalization$899.61 millionP/E RatioN/ADividend YieldN/APrice Target$8.08 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Redfin alerts: Email Address Redfin MarketRank™ Stock AnalysisAnalyst RatingReduce1.92 Rating ScoreUpside/Downside7.2% Upside$8.08 Price TargetShort InterestBearish16.26% of Shares Sold ShortDividend StrengthN/ASustainability-1.49Upright™ Environmental ScoreNews Sentiment0.44Based on 39 Articles This WeekInsider TradingSelling Shares$128,190 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.12) to ($0.82) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.82 out of 5 starsFinance Sector538th out of 873 stocksReal Estate Agents & Managers Industry7th out of 15 stocks 2.0 Analyst's Opinion Consensus RatingRedfin has received a consensus rating of Reduce. The company's average rating score is 1.92, and is based on 1 buy rating, 9 hold ratings, and 2 sell ratings.Amount of Analyst CoverageRedfin has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Redfin's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted16.26% of the outstanding shares of Redfin have been sold short.Short Interest Ratio / Days to CoverRedfin has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Redfin has recently increased by 8.85%, indicating that investor sentiment is decreasing significantly. 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 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreRedfin has received a 32.10% net impact score from Upright. Redfin seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Home-selling services", "Real estate brokerage services", and "Mortgages" products. See details.Environmental SustainabilityThe Environmental Impact score for Redfin is -1.49. Previous Next 2.5 News and Social Media Coverage News SentimentRedfin has a news sentiment score of 0.44. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 39 news articles for Redfin this week, compared to 10 articles on an average week.Search InterestOnly 13 people have searched for RDFN on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat Follows7 people have added Redfin to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days. Previous Next 2.5 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 $128,190.00 in company stock.Percentage Held by InsidersOnly 5.30% of the stock of Redfin is held by insiders.Percentage Held by Institutions61.07% of the stock of Redfin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Redfin's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Redfin are expected to grow in the coming year, from ($1.12) to ($0.82) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Redfin is -6.33, 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 -6.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Read more about Redfin's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyObama’s Forever Term [exposed]America’s Last Election New documentary, America’s Last Election, reveals the true (and terrifying) story of how the D.C. establishment has engineered a brutal new crisis that could hand them permanent power. Power they will use to reshape America to their dark, dystopian vision.Start streaming it now at no cost here About Redfin Stock (NASDAQ:RDFN)Redfin Corporation operates as a residential 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; and originates and sells mortgages. In addition, the company uses digital platforms to connect consumers with rental 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 RDFN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RDFN Stock News HeadlinesMay 8, 2024 | marketbeat.comPulteGroup Wins and Wins More on Interest Rate Cuts (RDFN)Despite a soft housing market, PulteGroup is thriving as new home sales rose 8.8% in March 2024, while existing home sales fell 4.3% to 4.3 million.May 17 at 8:27 PM | msn.comRedfin (NASDAQ:RDFN) Slips as It Expands CompensationMay 17 at 3:26 PM | msn.comRedfin expands agent compensation program to 25 more marketsMay 17 at 10:36 AM | businessinsider.comThis US region is seeing the biggest rent declines as owners struggle to fill vacancies, Redfin saysMay 17 at 10:26 AM | finance.yahoo.comRedfin Expands Redfin Next Agent Pay Plan to 25 Additional MarketsMay 17 at 9:00 AM | businesswire.comRedfin Reports the Median U.S. Home Price Hit an All-Time High of $434,000 in AprilMay 17 at 8:00 AM | businesswire.comRedfin Report: The Sun Belt Is Seeing Some of the Biggest Rent Declines in AmericaMay 16 at 1:53 AM | markets.businessinsider.comMaintaining Hold on Redfin Amidst Market Uncertainties and Growth StrategiesMay 15 at 8:00 AM | businesswire.comRedfin Reports Investor Home Purchases Rise for the First Time in Nearly Two YearsMay 15 at 3:08 AM | americanbankingnews.comSusquehanna Boosts Redfin (NASDAQ:RDFN) Price Target to $8.00May 14, 2024 | markets.businessinsider.comRedfin Recently Broke Out Above the 200-Day Moving AverageMay 14, 2024 | americanbankingnews.comInvestors Purchase High Volume of Call Options on Redfin (NASDAQ:RDFN)May 13, 2024 | msn.comRedfin stock jumps as analyst talks up brokerage's executionMay 13, 2024 | msn.comPositive Analyst Sentiment Sends Redfin (NASDAQ:RDFN) SurgingMay 13, 2024 | seekingalpha.comRedfin: It's Not Game Over Yet, But The Outlook Is Cloudy (Rating Upgrade)May 13, 2024 | businesswire.comRedfin Reports Demand For Vacation-Home Mortgages Fell 40% in 2023 As Housing Costs Rose to Record HighMay 13, 2024 | americanbankingnews.comB. Riley Equities Analysts Boost Earnings Estimates for Redfin Co. (NASDAQ:RDFN)May 13, 2024 | americanbankingnews.comWilliam Blair Comments on Redfin Co.'s Q2 2024 Earnings (NASDAQ:RDFN)May 13, 2024 | americanbankingnews.comBrokers Set Expectations for Redfin Co.'s Q2 2024 Earnings (NASDAQ:RDFN)May 12, 2024 | americanbankingnews.comRedfin (NASDAQ:RDFN) Upgraded to Overweight by StephensMay 11, 2024 | fool.com1 Super Stock Down 93% You Might Be Glad You Bought on the DipMay 11, 2024 | fool.com2 Underappreciated Stocks With Tremendous Long-Term PotentialMay 10, 2024 | americanbankingnews.comRedfin (NASDAQ:RDFN) Price Target Cut to $7.00May 10, 2024 | americanbankingnews.comRedfin (NASDAQ:RDFN) Stock Rating Reaffirmed by WedbushMay 10, 2024 | americanbankingnews.comDA Davidson Raises Redfin (NASDAQ:RDFN) Price Target to $7.25See More Headlines Receive RDFN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Redfin and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/07/2024Today5/17/2024Next Earnings (Estimated)8/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Real estate agents & managers Sub-IndustryN/A Current SymbolNASDAQ:RDFN CUSIPN/A CIK1382821 Webwww.redfin.com Phone(206) 576-8610FaxN/AEmployees4,693Year FoundedN/APrice Target and Rating Average Stock Price Target$8.08 High Stock Price Target$15.00 Low Stock Price Target$4.00 Potential Upside/Downside+7.2%Consensus RatingReduce Rating Score (0-4)1.92 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)($1.19) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-130,030,000.00 Net Margins-13.76% Pretax Margin-13.71% Return on Equity-1,780.89% Return on Assets-11.68% Debt Debt-to-Equity Ratio295.91 Current Ratio1.33 Quick Ratio1.33 Sales & Book Value Annual Sales$976.67 million Price / Sales0.92 Cash FlowN/A Price / Cash FlowN/A Book Value($0.38) per share Price / Book-19.82Miscellaneous Outstanding Shares119,470,000Free Float113,139,000Market Cap$899.61 million OptionableOptionable Beta2.68 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Glenn Kelman (Age 52)President, CEO & Director Comp: $300kMr. Christopher Nielsen (Age 57)Chief Financial Officer Comp: $542kMs. Bridget Jean Frey (Age 46)Chief Technology Officer Comp: $449.34kMs. Anna Stevens (Age 51)Chief Human Resources Officer Comp: $913.46kMr. Adam J. Wiener (Age 45)Advisor Comp: $432.4kMs. Meg NunnallyHead of Investor RelationsMr. Anthony Ray Kappus (Age 43)Chief Legal Officer Ms. Karen S. KrupsawSenior Vice President of Real Estate OperationsMs. Daryl Fairweather Ph.D.Chief EconomistMr. Christian John Taubman (Age 45)Chief Growth Officer Comp: $281.17kMore ExecutivesKey CompetitorsBluegreen VacationsNYSE:BXGAnywhere Real EstateNYSE:HOUSMarcus & MillichapNYSE:MMIRealogyNYSE:RLGYRE/MAXNYSE:RMAXView All CompetitorsInsiders & InstitutionsWalleye Trading LLCSold 300 shares on 5/17/2024Ownership: 0.000%Jacobs Levy Equity Management Inc.Bought 445,486 shares on 5/16/2024Ownership: 1.819%California State Teachers Retirement SystemSold 4,759 shares on 5/16/2024Ownership: 0.096%Virtus Investment Advisers Inc.Bought 67,900 shares on 5/16/2024Ownership: 0.057%BlueCrest Capital Management LtdSold 30,000 shares on 5/16/2024Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions RDFN Stock Analysis - Frequently Asked Questions Should I buy or sell Redfin stock right now? 12 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, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" RDFN shares. View RDFN analyst ratings or view top-rated stocks. What is Redfin's stock price target for 2024? 12 brokerages have issued twelve-month target prices for Redfin's stock. Their RDFN share price targets range from $4.00 to $15.00. On average, they anticipate the company's stock price to reach $8.08 in the next year. This suggests a possible upside of 7.2% from the stock's current price. View analysts price targets for RDFN or view top-rated stocks among Wall Street analysts. How have RDFN shares performed in 2024? Redfin's stock was trading at $10.32 on January 1st, 2024. Since then, RDFN stock has decreased by 27.0% and is now trading at $7.53. View the best growth stocks for 2024 here. When is Redfin's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024. View our RDFN earnings forecast. How were Redfin's earnings last quarter? Redfin Co. (NASDAQ:RDFN) posted its quarterly earnings results on Tuesday, May, 7th. The company reported ($0.57) EPS for the quarter, topping analysts' consensus estimates of ($0.58) by $0.01. The business earned $225.50 million during the quarter, compared to analysts' expectations of $217.79 million. Redfin had a negative net margin of 13.76% and a negative trailing twelve-month return on equity of 1,780.89%. The business's revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.93) earnings per share. What guidance has Redfin issued on next quarter's earnings? Redfin issued an update on its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $285.0 million-$298.0 million, compared to the consensus revenue estimate of $284.9 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? Redfin (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 acted as the underwriters for the IPO and Oppenheimer and Stifel were co-managers. Who are Redfin's major shareholders? Redfin's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (16.06%), Jacobs Levy Equity Management Inc. (1.82%), IMC Chicago LLC (0.00%), Swiss National Bank (0.19%), Blair William & Co. IL (0.12%) and GSA Capital Partners LLP (0.12%). Insiders that own company stock include Adam Wiener, Anna Stevens, Anthony Ray Kappus, Bradley E Singer, Bridget Frey, Christian John Taubman, Christopher John Nielsen, Glenn Kelman, James Slavet, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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