B. Riley Weighs in on Redfin’s Q2 Earnings (NASDAQ:RDFN)

Redfin Co. (NASDAQ:RDFN) – Equities researchers at B. Riley cut their Q2 2025 EPS estimates for Redfin in a research report issued on Monday, May 12th. B. Riley analyst N. Khan now anticipates that the company will post earnings per share of ($0.12) for the quarter, down from their previous forecast of ($0.09). B. Riley has a “Hold” rating on the stock. The consensus estimate for Redfin’s current full-year earnings is ($1.25) per share. B. Riley also issued estimates for Redfin’s Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.23) EPS, FY2025 earnings at ($1.13) EPS, FY2026 earnings at ($0.80) EPS, FY2027 earnings at ($0.37) EPS and FY2028 earnings at ($0.06) EPS.

Other analysts also recently issued research reports about the stock. DA Davidson reaffirmed a “neutral” rating and set a $7.25 price target on shares of Redfin in a research note on Wednesday, February 19th. Piper Sandler raised shares of Redfin from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $4.00 to $12.50 in a research note on Tuesday, March 11th. Gordon Haskett raised shares of Redfin to a “hold” rating in a research note on Monday, March 10th. Royal Bank of Canada lifted their price objective on shares of Redfin from $8.00 to $12.50 and gave the company a “sector perform” rating in a report on Tuesday, April 15th. Finally, Zelman & Associates raised shares of Redfin to a “strong-buy” rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.45.

Redfin Stock Performance

Redfin stock opened at $9.84 on Wednesday. The company has a 50 day moving average price of $9.48 and a 200-day moving average price of $8.88. Redfin has a fifty-two week low of $5.49 and a fifty-two week high of $15.29. The company has a market capitalization of $1.26 billion, a PE ratio of -7.69 and a beta of 2.50.

Redfin (NASDAQ:RDFN) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.69) by ($0.04). The firm had revenue of $221.03 million for the quarter, compared to analysts’ expectations of $220.89 million. During the same period in the previous year, the company earned ($0.57) earnings per share. The business’s quarterly revenue was down 2.0% on a year-over-year basis.

Insiders Place Their Bets

In other Redfin news, insider Christian John Taubman sold 16,209 shares of Redfin stock in a transaction on Friday, March 21st. The shares were sold at an average price of $11.15, for a total value of $180,730.35. Following the transaction, the insider now directly owns 74,616 shares of the company’s stock, valued at approximately $831,968.40. The trade was a 17.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Redfin

Several institutional investors and hedge funds have recently bought and sold shares of RDFN. Hennessy Advisors Inc. purchased a new stake in shares of Redfin during the fourth quarter valued at $40,109,000. Geode Capital Management LLC grew its holdings in shares of Redfin by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 3,079,813 shares of the company’s stock valued at $24,243,000 after buying an additional 56,865 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Redfin by 17.4% during the fourth quarter. Two Sigma Advisers LP now owns 2,524,100 shares of the company’s stock valued at $19,865,000 after buying an additional 374,200 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Redfin during the first quarter valued at $12,150,000. Finally, Northern Trust Corp grew its holdings in shares of Redfin by 11.0% during the fourth quarter. Northern Trust Corp now owns 1,147,666 shares of the company’s stock valued at $9,032,000 after buying an additional 113,466 shares during the last quarter. 61.07% of the stock is owned by hedge funds and other institutional investors.

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.