Redfin (NASDAQ:RDFN) Announces Quarterly Earnings Results

Redfin (NASDAQ:RDFN) posted its earnings results on Thursday. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.06), Zacks reports. Redfin updated its Q1 2025 guidance to EPS.

Redfin Stock Down 8.8 %

NASDAQ:RDFN traded down $0.74 on Thursday, hitting $7.64. The stock had a trading volume of 10,835,504 shares, compared to its average volume of 5,410,395. The business’s fifty day moving average is $8.10 and its 200 day moving average is $9.47. The company has a market cap of $947.21 million, a PE ratio of -5.97 and a beta of 2.66. Redfin has a 52 week low of $5.10 and a 52 week high of $15.29.

Analyst Upgrades and Downgrades

Several equities analysts have commented on RDFN shares. Citigroup dropped their target price on Redfin from $10.50 to $9.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Wedbush increased their price target on Redfin from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their price target on Redfin from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group cut Redfin from a “neutral” rating to a “sell” rating and increased their price target for the company from $6.00 to $6.50 in a research note on Monday, November 18th. Finally, Susquehanna increased their price target on Redfin from $7.00 to $10.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.16.

Insiders Place Their Bets

In other Redfin news, insider Christian John Taubman sold 16,333 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $8.44, for a total value of $137,850.52. Following the transaction, the insider now owns 73,466 shares in the company, valued at approximately $620,053.04. This represents a 18.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.40% of the company’s stock.

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.