Redfin (RDFN) Stock Price, News & Analysis

$5.33
-0.04 (-0.74%)
(As of 04/24/2024 ET)
Today's Range
$5.26
$5.47
50-Day Range
$5.20
$7.88
52-Week Range
$4.26
$17.68
Volume
3.35 million shs
Average Volume
5.20 million shs
Market Capitalization
$635.55 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.92

Redfin MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
48.5% Upside
$7.92 Price Target
Short Interest
Bearish
17.21% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.49
Upright™ Environmental Score
News Sentiment
0.01mentions of Redfin in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$128,190 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.31) to ($1.08) Per Share

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.

4.03 out of 5 stars

Finance Sector

317th out of 855 stocks

Real Estate Agents & Managers Industry

3rd out of 14 stocks

RDFN stock logo

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.

RDFN Stock Price History

RDFN Stock News Headlines

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AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
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See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate agents & managers
Sub-Industry
N/A
Current Symbol
NASDAQ:RDFN
Fax
N/A
Employees
4,693
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.92
High Stock Price Target
$15.00
Low Stock Price Target
$4.00
Potential Upside/Downside
+48.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
10 Analysts

Profitability

Net Income
$-130,030,000.00
Pretax Margin
-12.84%

Debt

Sales & Book Value

Annual Sales
$976.67 million
Book Value
$0.02 per share

Miscellaneous

Free Float
112,922,000
Market Cap
$635.55 million
Optionable
Optionable
Beta
2.66
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RDFN Stock Analysis - Frequently Asked Questions

Should I buy or sell Redfin stock right now?

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.
View RDFN analyst ratings
or view top-rated stocks.

What is Redfin's stock price target for 2024?

10 analysts have issued 12 month target prices for Redfin's shares. Their RDFN share price targets range from $4.00 to $15.00. On average, they predict the company's stock price to reach $7.92 in the next twelve months. This suggests a possible upside of 48.5% 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 at the start of the year. Since then, RDFN stock has decreased by 48.4% and is now trading at $5.33.
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 Tuesday, May 7th 2024.
View our RDFN earnings forecast
.

How can I listen to Redfin's earnings call?

Redfin will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Redfin's earnings last quarter?

Redfin Co. (NASDAQ:RDFN) announced its quarterly earnings data on Tuesday, February, 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.01. The firm had revenue of $218.08 million for the quarter, compared to analysts' expectations of $220.32 million. Redfin had a negative net margin of 11.95% and a negative trailing twelve-month return on equity of 1,780.89%. The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.83) earnings per share.

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

Redfin updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided 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.

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 $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 variety of institutional and retail investors. Top institutional investors include IMC Chicago LLC (0.00%), Los Angeles Capital Management LLC (0.10%), Assenagon Asset Management S.A. (0.04%), CAP Partners LLC (0.03%), Byrne Asset Management LLC (0.02%) and First Trust Direct Indexing L.P. (0.01%). 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.

This page (NASDAQ:RDFN) was last updated on 4/24/2024 by MarketBeat.com Staff

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