Redfin (NASDAQ:RDFN) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Redfin (NASDAQ:RDFN) posted its quarterly earnings results on Thursday. The company reported ($0.29) earnings per share (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 %

RDFN traded down $0.74 during trading on Thursday, reaching $7.64. The stock had a trading volume of 10,779,997 shares, compared to its average volume of 5,427,846. Redfin has a 1-year low of $5.10 and a 1-year high of $15.29. The firm has a market capitalization of $947.21 million, a price-to-earnings ratio of -5.97 and a beta of 2.66. The stock has a 50 day moving average of $8.11 and a two-hundred day moving average of $9.48.

Analyst Ratings Changes

Several analysts recently weighed in on RDFN shares. JPMorgan Chase & Co. upped their price objective on Redfin from $7.00 to $8.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Susquehanna upped their price target on Redfin from $7.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. The Goldman Sachs Group downgraded shares of Redfin from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $6.00 to $6.50 in a report on Monday, November 18th. DA Davidson restated a “neutral” rating and issued a $7.25 price target on shares of Redfin in a research report on Wednesday, February 19th. Finally, Wedbush increased their price objective on shares of Redfin from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.16.

Insider Transactions at Redfin

In related news, insider Christian John Taubman sold 16,333 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $8.44, for a total transaction 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. This represents a 18.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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.