Redfin (RDFN) Stock Price, News & Analysis

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Redfin in the last year. There are currently 2 sell ratings and 8 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" RDFN shares.
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10 analysts have issued twelve-month target prices for Redfin's shares. Their RDFN share price targets range from $4.00 to $15.00. On average, they anticipate the company's share price to reach $7.92 in the next year. This suggests a possible upside of 49.1% from the stock's current price.
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Redfin's stock was trading at $10.32 on January 1st, 2024. Since then, RDFN stock has decreased by 48.5% and is now trading at $5.31.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Redfin Co. (NASDAQ:RDFN) posted its quarterly earnings data on Tuesday, February, 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.01. The firm had revenue of $218.08 million for the quarter, compared to the consensus estimate of $220.32 million. Redfin had a negative trailing twelve-month return on equity of 1,780.89% and a negative net margin of 11.95%. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.83) EPS.

Redfin issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $214.0 million-$223.0 million, compared to the consensus revenue estimate of $219.1 million.

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.

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).

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.

Redfin's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include IMC Chicago LLC (0.00%), Los Angeles Capital Management LLC (0.10%), CAP Partners LLC (0.03%) and Allspring Global Investments Holdings LLC (0.00%). 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.
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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.
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