How to Buy Redfin Stock
Redfin Corp
Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada.
Redfin stock last closed at $5.74, down 4.17% from the previous day, and has decreased 37.61% in one year. It has underperformed other stocks in the Real Estate Services industry by 0.37 percentage points. Redfin stock is currently +34.74% from its 52-week low of $4.26, and -67.53% from its 52-week high of $17.68.
As of Apr 15, 2024, there are 119.24M shares of RDFN outstanding. The market cap of RDFN is $684.45M. In the past 24 hours, 6.11M RDFN shares were traded.
How to Buy Redfin Stock
Wondering how to invest in Redfin stock? Here's how.
- Decide where to buy Redfin stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you decide where to buy Redfin stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Pick your payment method and add your details.
- Research Redfin stock: The Redfin ticker symbol is RDFN. Is Redfin stock a good investment? Should you buy shares of RDFN? How do RDFN's underlying business fundamentals look? Do top analysts think Redfin is a good buy? Why has RDFN's stock price moved recently? (Hint: Our stock market analysis website can help you understand if RDFN is a good stock to buy).
- Make your RDFN purchase: Decide if you will purchase RDFN shares at the current market price or use a limit order to buy RDFN stock at a given price.
- Get key alerts regarding your investment in RDFN: Create a watchlist to important updates regarding your investment in Redfin stock.
Step 1: Decide where to buy Redfin stock
You will need a brokerage account to access the NASDAQ market and buy RDFN shares.
Our recommended brokerage: eToro
Based on our research, eToro is the best brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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- Social investing: eToro has a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal information so you can invest in RDFN today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new brokerage account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've filled out your info on stock apps to use, you need to deposit funds:
Check out the walkthrough below for more details transferring funds into your new brokerage account.
Step 4: Research Redfin stock
After you have selected the best place to buy Redfin stock, it's important to research their stock before you invest, so you truly wrap your head around the risk and opportunity.
Redfin stock at a glance
Redfin Zen Score
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on RDFN's stock page.
How is RDFN stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge RDFN's true value.
Using relative valuations ratios:
- RDFN may be overvalued based on its P/B ratio of 249.07x, relative to Real Estate Services industry P/B ratio of 2.3x
You can access additional valuation research on RDFN's stock here.
RDFN Financial Health Summary
Passed Financial Due Diligence Checks:
- RDFN profit margin has gone up from -29.3% to -13.4% in the past year.
- There are more short-term assets than short-term liabilities on the RDFN balance sheet.
Failed Financial Due Diligence Checks:
- Total RDFN debt is higher than 5 years ago, relative to shareholder equity.
- RDFN earnings of -$119.52M is not enough to cover its interest payments.
- RDFN has a relatively high debt to equity ratio of 404.27.
- There are more long-term liabilities than short-term assets on the RDFN balance sheet.
- RDFN's operating cash flow of $56.76M allows it to safely service it's debt of $1.01B.
Do analysts think it's a good time to buy Redfin stock
Out of 7 Wall Street analysts who research RDFN, the consensus analyst rating on RDFN is a Sell
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest RDFN Analyst Ratings
Thomas Champion, a bottom 5% analyst from Piper Sandler maintains RDFN with a strong sell rating and lowers their RDFN price target from $6.00 to $4.00, on Nov 6, 2023.
Jay McCanless, a top 2% analyst from Wedbush maintains RDFN with a hold rating and lowers their RDFN price target from $11.00 to $8.00, on Nov 3, 2023.
You can dive deeper into what analysts are saying on the Redfin stock forecast page.
RDFN Technicals
RDFN Earnings
Last year, RDFN revenue was $976.67M. Over the past five year, RDFN's revenue has gone up by 14.94% per year. This was slower than the Real Estate Services industry average of 16.3%.
You can analyze RDFN's earnings and revenue performance here.
What are RDFN insiders up to?
In the past year, executives and large shareholders at RDFN have bought more shares than they have sold.
Glenn Kelman, Chief Executive Officer of RDFN, was the latest RDFN insider to buy. They bought $195,596.50 worth of RDFN shares on Mar 6, 2024.
Dig into more about who owns RDFN stock here.
Does RDFN stock generate passive income?
No, Redfin doesn't provide an income stream by paying out dividends.
RDFN Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your RDFN purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount, use a limit order.
Hit the Open Trade button and eToro will execute the order.
If you want additional help buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your investment in RDFN
Now that you own some RDFN shares, you'll want to keep up with your shares.
Put RDFN on a watchlist to track the latest developments regarding your RDFN stock.
RDFN Feed
How to Buy Stock in Redfin
To reiterate, here are the 6 steps to buy Redfin stock:
- Decide where to buy Redfin stock
- Open a brokerage account
- Put funds into your investment account
- Research Redfin stock
- Make your RDFN purchase
- Get key alerts regarding your investment in RDFN
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to track your new investment in Redfin, create a watchlist on WallStreetZen today.
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