FY2025 EPS Estimates for Redfin Co. (NASDAQ:RDFN) Lifted by B. Riley

Redfin Co. (NASDAQ:RDFN) – B. Riley increased their FY2025 earnings estimates for Redfin in a report issued on Monday, September 30th. B. Riley analyst N. Khan now forecasts that the company will post earnings of ($0.61) per share for the year, up from their previous estimate 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.

Redfin (NASDAQ:RDFN) last released its earnings results on Tuesday, August 6th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.03. Redfin had a negative net margin of 13.55% and a negative return on equity of 1,780.89%. The firm had revenue of $295.20 million for the quarter, compared to the consensus estimate of $291.59 million. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. The company’s quarterly revenue was up 7.2% compared to the same quarter last year.

Several other equities research analysts have also recently weighed in on RDFN. Susquehanna reduced their price target on shares of Redfin from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Wedbush restated a “neutral” rating and issued a $8.00 price target on shares of Redfin in a research report on Wednesday, August 7th. DA Davidson reiterated a “neutral” rating and set a $7.25 price objective on shares of Redfin in a research report on Wednesday, July 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Redfin in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Redfin from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.88.

Redfin Trading Down 1.7 %

Shares of RDFN opened at $11.11 on Thursday. The company’s fifty day moving average is $10.07 and its 200 day moving average is $7.68. Redfin has a fifty-two week low of $4.26 and a fifty-two week high of $15.29. The stock has a market capitalization of $1.35 billion, a PE ratio of -9.34 and a beta of 2.66. The company has a debt-to-equity ratio of 295.91, a quick ratio of 1.48 and a current ratio of 1.48.

Hedge Funds Weigh In On Redfin

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mather Group LLC. raised its position in shares of 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. Allspring Global Investments Holdings LLC raised its position in shares of Redfin by 205.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,608 shares of the company’s stock valued at $31,000 after purchasing an additional 3,101 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of Redfin in the 1st quarter valued at approximately $58,000. New York State Teachers Retirement System purchased a new position in shares of Redfin in the 1st quarter valued at approximately $66,000. Finally, First Trust Direct Indexing L.P. purchased a new position in shares of Redfin in the 1st quarter valued at approximately $72,000. 61.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Christian John Taubman sold 3,632 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 71,720 shares of the company’s stock, valued at $663,410. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.40% of the stock is owned by 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.