Should I buy or sell Redfin stock right now?

10 Wall Street 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 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 brokers have issued 12 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 share price to reach $7.92 in the next twelve months. This suggests a possible upside of 52.2% 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 at the start of the year. Since then, RDFN shares have decreased by 49.6% and is now trading at $5.20. 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, May 2nd 2024. View our RDFN earnings forecast .

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) EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.01. The company earned $218.08 million during the quarter, compared to analyst estimates 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 firm's revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm earned ($0.83) EPS.

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 earnings per share 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) .

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 number of institutional and retail investors. Top institutional investors 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 . 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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NASDAQ:RDFN

Redfin (RDFN) Stock Price, News & Analysis

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$5.20

-0.11 (-2.07%)

(As of 04:38 PM ET)

Compare

Today's Range: $5.10
▼
$5.36
50-Day Range: $5.28
▼
$7.99
52-Week Range: $4.26
▼
$17.68

Volume: 4.87 million shs
Average Volume: 5.26 million shs
Market Capitalization: $620.05 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.92

Get Redfin alerts:

Redfin MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.80 Rating Score
Upside/Downside: 52.2% 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: 0.12
Based on 13 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.

4.11 out of 5 stars

Finance Sector

292nd out of 848 stocks

Real Estate Agents & Managers Industry

4th out of 14 stocks

3.9

Analyst's Opinion

Consensus Rating
Redfin has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on no buy ratings, 8 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Redfin has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
17.21% of the outstanding shares of Redfin have been sold short.
Short Interest Ratio / Days to Cover
Redfin has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Redfin has recently increased by 2.19%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Redfin does not currently pay a dividend.
Dividend Growth
Redfin does not have a long track record of dividend growth.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Redfin 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 Sustainability
The Environmental Impact score for Redfin is -1.49.

2.8

News and Social Media Coverage

News Sentiment
Redfin has a news sentiment score of 0.12. 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 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Redfin this week, compared to 8 articles on an average week.
Search Interest
31 people have searched for RDFN on MarketBeat in the last 30 days. This is an increase of 82% compared to the previous 30 days.
MarketBeat Follows
9 people have added Redfin to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
Only 5.30% of the stock of Redfin is held by insiders.
Percentage Held by Institutions
61.07% of the stock of Redfin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Redfin are expected to grow in the coming year, from ($1.31) to ($1.08) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Redfin is -4.44, 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. Sector
The P/E ratio of Redfin is -4.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Redfin has a P/B Ratio of 260.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

RDFN Stock News Headlines

April 19, 2024 | msn.com

Luxury Home Prices Set Record in First Quarter as Demand Holds Up, Redfin Says

April 19, 2024 | fool.com

Why Redfin Stock Was Plummeting This Week

April 19, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 19, 2024 | businesswire.com

Redfin Reports the Typical U.S. Luxury Home Costs More Than Ever Before

April 18, 2024 | bizjournals.com

Atlanta pending home sales decline as spring housing market kicks off

April 18, 2024 | finance.yahoo.com

7% mortgage rate may become new 'status-quo': Economist

April 18, 2024 | finance.yahoo.com

Redfin Report: Nearly Half of Biden Voters Want to Live in Place Where Weed Is Legal, Compared to Only 12% of Trump Voters

April 18, 2024 | businesswire.com

Redfin Reports the Cost of Buying a Home Hits New Record As Mortgage Rates Jump, Prices Rise 5%

April 19, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 17, 2024 | finance.yahoo.com

Redfin Survey: 70% of Florida Homeowners Have Seen Rise in Insurance Costs or Changes in Coverage

April 17, 2024 | businesswire.com

Redfin Survey: 70% of Florida Homeowners Have Seen Rise in Insurance Costs or Changes in Coverage

April 15, 2024 | benzinga.com

Spotlight on Redfin: Analyzing the Surge in Options Activity

April 13, 2024 | msn.com

15 Best Places to Retire in Oklahoma

April 13, 2024 | americanbankingnews.com

Redfin Co. (NASDAQ:RDFN) Given Average Recommendation of "Reduce" by Brokerages

April 12, 2024 | msn.com

Renters Increasingly Unlikely to Dip Into Home Ownership Amid Affordability Challenges, Redfin Survey Shows

April 12, 2024 | businesswire.com

Redfin Reports Nearly 40% of Renters Think They'll Never Own a Home, Up From 27% Last Year

April 12, 2024 | americanbankingnews.com

Redfin (NASDAQ:RDFN) Shares Gap Down to $6.50

April 11, 2024 | wsj.com

Mortgage Rates in U.S. to Remain High for Some Time, Redfin Says

April 11, 2024 | msn.com

Housing Payments Hit Record Level Amid High Home Prices, Mortgage Rates

April 11, 2024 | finance.yahoo.com

Redfin Report: Monthly Payments Set New Record–And Buyers’ Costs Will Likely Stay High on Inflation News

April 11, 2024 | businesswire.com

Redfin Report: Monthly Payments Set New Record–And Buyers' Costs Will Likely Stay High on Inflation News

April 11, 2024 | finance.yahoo.com

Redfin Survey: Over One-Quarter of Recent Homebuyers Have No Idea How Much Their Agent Was Paid

April 11, 2024 | businesswire.com

Redfin Survey: Over One-Quarter of Recent Homebuyers Have No Idea How Much Their Agent Was Paid

April 10, 2024 | yahoo.com

Most people moving to San Diego are from these 5 cities, according to Redfin

April 10, 2024 | businesswire.com

Redfin Reports Nearly 20% of San Francisco Home Sellers Take a Loss on Their Sale, More Than Four Times the National Share

April 10, 2024 | businesswire.com

Redfin Reports Asking Rents Rose for the Third-Straight Month in March, Driven By the Midwest

April 7, 2024 | msn.com

DOJ can reopen antitrust probe into NAR, appeals court rules

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Real estate agents & managers
Sub-Industry: N/A
Current Symbol: NASDAQ:RDFN
CUSIP: N/A
CIK: 1382821
Web: www.redfin.com
Phone: (206) 576-8610
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: +52.5%
Consensus Rating: Reduce
Rating Score (0-4): 1.80
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.17)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-130,030,000.00
Net Margins: -11.95%
Pretax Margin: -12.84%
Return on Equity: -1,780.89%
Return on Assets: -13.95%

Debt

Debt-to-Equity Ratio: 295.91
Current Ratio: 1.66
Quick Ratio: 1.66

Sales & Book Value

Annual Sales: $976.67 million
Price / Sales: 0.63
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.02 per share
Price / Book: 259.50

Miscellaneous

Outstanding Shares: 119,240,000
Free Float: 112,922,000
Market Cap: $618.86 million
Optionable: Optionable
Beta: 2.66

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Key Executives

Mr. Glenn Kelman (Age 52)
President, CEO & Director
Comp: $300k
Mr. Christopher Nielsen (Age 57)
Chief Financial Officer
Comp: $542k
Ms. Bridget Jean Frey (Age 46)
Chief Technology Officer
Comp: $449.34k
Ms. Anna Stevens (Age 51)
Chief Human Resources Officer
Comp: $913.46k
Mr. Adam J. Wiener (Age 45)
Advisor
Comp: $432.4k
Ms. Meg Nunnally
Head of Investor Relations
Mr. Anthony Ray Kappus (Age 43)
Chief Legal Officer
Ms. Karen S. Krupsaw
Senior Vice President of Real Estate Operations
Ms. Daryl Fairweather Ph.D.
Chief Economist
Mr. Christian John Taubman (Age 45)
Chief Growth Officer
Comp: $281.17k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RDFN Stock Analysis - Frequently Asked Questions

Should I buy or sell Redfin stock right now?: 10 Wall Street 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 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 brokers have issued 12 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 share price to reach $7.92 in the next twelve months. This suggests a possible upside of 52.2% 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 at the start of the year. Since then, RDFN shares have decreased by 49.6% and is now trading at $5.20.
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, May 2nd 2024.
View our RDFN earnings forecast.
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) EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.01. The company earned $218.08 million during the quarter, compared to analyst estimates 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 firm's revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm earned ($0.83) EPS.
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 earnings per share 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 number of institutional and retail investors. Top institutional investors 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.
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 4/19/2024 by MarketBeat.com Staff

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Redfin (RDFN) Stock Price, News & Analysis

Redfin MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Redfin Stock (NASDAQ:RDFN)

RDFN Stock Price History

RDFN Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

RDFN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™