FY2025 EPS Estimates for Redfin Co. (NASDAQ:RDFN) Increased by Analyst

Redfin Co. (NASDAQ:RDFN - Free Report) - Analysts at B. Riley lifted their FY2025 earnings per share (EPS) estimates for shares of Redfin in a research report issued to clients and investors on Monday, September 30th. B. Riley analyst N. Khan now anticipates that the company will post earnings of ($0.61) per share for the year, up from their prior forecast of ($0.62). B. Riley currently has a "Buy" rating and a $15.00 target price on the stock. The consensus estimate for Redfin's current full-year earnings is ($1.13) per share. B. Riley also issued estimates for Redfin's Q4 2025 earnings at ($0.15) EPS, FY2026 earnings at ($0.61) EPS, FY2027 earnings at ($0.20) EPS and FY2028 earnings at $0.28 EPS.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Redfin in a report on Wednesday, August 7th. Wedbush reaffirmed a "neutral" rating and issued a $8.00 target price on shares of Redfin in a report on Wednesday, August 7th. Susquehanna dropped their target price on shares of Redfin from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. dropped their target price on shares of Redfin from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Thursday, August 8th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $7.25 target price on shares of Redfin in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $7.88.

Redfin Stock Performance

Shares of NASDAQ:RDFN traded down $0.40 during midday trading on Thursday, hitting $11.31. The company had a trading volume of 7,226,088 shares, compared to its average volume of 5,537,675. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -9.18 and a beta of 2.66. The company has a debt-to-equity ratio of 295.91, a current ratio of 1.48 and a quick ratio of 1.48. The company has a fifty day moving average of $10.00 and a two-hundred day moving average of $7.65. Redfin has a 12-month low of $4.26 and a 12-month high of $15.29.

Redfin (NASDAQ:RDFN - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.26) by $0.03. The business had revenue of $295.20 million during the quarter, compared to analyst estimates of $291.59 million. Redfin had a negative net margin of 13.55% and a negative return on equity of 1,780.89%. The company's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.25) EPS.

Insider Buying and Selling

In other Redfin news, insider Christian John Taubman sold 3,632 shares of Redfin stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $9.25, for a total value of $33,596.00. Following the completion of the transaction, the insider now owns 71,720 shares of the company's stock, valued at $663,410. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Redfin

Institutional investors have recently modified their holdings of the stock. Arizona State Retirement System boosted its position in Redfin by 5.4% during the second quarter. Arizona State Retirement System now owns 33,381 shares of the company's stock worth $201,000 after acquiring an additional 1,710 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Redfin by 9.8% in the 1st quarter. ProShare Advisors LLC now owns 19,876 shares of the company's stock valued at $132,000 after purchasing an additional 1,766 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Redfin by 17.7% in the 1st quarter. Principal Financial Group Inc. now owns 14,872 shares of the company's stock valued at $99,000 after purchasing an additional 2,241 shares during the last quarter. Mather Group LLC. boosted its holdings in Redfin by 282.1% in the 2nd quarter. Mather Group LLC. now owns 3,821 shares of the company's stock valued at $25,000 after purchasing an additional 2,821 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Redfin by 1.3% in the 1st quarter. Swiss National Bank now owns 227,500 shares of the company's stock valued at $1,513,000 after purchasing an additional 2,900 shares during the last quarter. Institutional investors and hedge funds own 61.07% of the company's stock.

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.