Redfin (RDFN) Projected to Post Quarterly Earnings on Tuesday

Redfin (NASDAQ:RDFN) is anticipated to release its Q1 2025 earnings data after the market closes on Tuesday, May 6th. Analysts expect Redfin to post earnings of ($0.64) per share and revenue of $220.89 million for the quarter.

Redfin Stock Down 1.7 %

Shares of RDFN stock opened at $9.03 on Tuesday. The business has a 50-day moving average price of $9.04 and a two-hundred day moving average price of $8.97. Redfin has a 12-month low of $5.32 and a 12-month high of $15.29. The firm has a market cap of $1.15 billion, a P/E ratio of -7.05 and a beta of 2.56.

Insider Activity at Redfin

In other Redfin news, insider Christian John Taubman sold 16,209 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $11.15, for a total transaction of $180,730.35. Following the transaction, the insider now owns 74,616 shares in the company, valued at approximately $831,968.40. This represents a 17.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Royal Bank of Canada lifted their price target on Redfin from $8.00 to $12.50 and gave the stock a “sector perform” rating in a research note on Tuesday, April 15th. Needham & Company LLC reiterated a “hold” rating on shares of Redfin in a report on Tuesday, March 11th. JPMorgan Chase & Co. lifted their price objective on Redfin from $7.00 to $12.50 and gave the stock a “neutral” rating in a report on Monday, March 24th. Citigroup decreased their price objective on Redfin from $10.50 to $9.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. Finally, Susquehanna decreased their price objective on Redfin from $10.00 to $7.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.25.

About Redfin

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.