Redfin (NASDAQ:RDFN) Issues Quarterly Earnings Results

Redfin (NASDAQ:RDFN - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06), Zacks reports. The company had revenue of $244.28 million during the quarter, compared to the consensus estimate of $242.51 million. Redfin updated its Q1 2025 guidance to EPS.

Redfin Trading Down 8.7 %

Shares of RDFN stock traded down $0.58 during trading hours on Monday, hitting $6.09. 8,881,542 shares of the company's stock were exchanged, compared to its average volume of 5,476,329. The company has a market capitalization of $755.04 million, a PE ratio of -4.76 and a beta of 2.66. Redfin has a 12-month low of $5.10 and a 12-month high of $15.29. The business's 50 day simple moving average is $8.07 and its 200-day simple moving average is $9.50.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. The Goldman Sachs Group lowered shares of Redfin from a "neutral" rating to a "sell" rating and boosted their price target for the company from $6.00 to $6.50 in a research report on Monday, November 18th. DA Davidson restated a "neutral" rating and issued a $7.25 target price on shares of Redfin in a research note on Wednesday, February 19th. Susquehanna lowered their price target on Redfin from $10.00 to $7.00 and set a "neutral" rating on the stock in a report on Monday. JPMorgan Chase & Co. cut their price objective on Redfin from $8.00 to $7.00 and set a "neutral" rating for the company in a report on Monday. Finally, Citigroup decreased their price objective on shares of Redfin from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $9.14.

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Insider Activity

In other Redfin news, insider Christian John Taubman sold 16,333 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $8.44, for a total value of $137,850.52. Following the completion of the sale, the insider now directly owns 73,466 shares of the company's stock, valued at $620,053.04. The trade was a 18.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.40% of the stock is owned by corporate insiders.

Redfin Company Profile

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.