WallStreetZenWallStreetZen

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 $6.13, down 4.96% from the previous day, and has decreased 41.73% in one year. It has underperformed other stocks in the Real Estate Services industry by 0.41 percentage points. Redfin stock is currently +43.9% from its 52-week low of $4.26, and -65.33% from its 52-week high of $17.68.

At the moment, there are 119.47M shares of RDFN outstanding. The market capitalization of RDFN is $732.36M. In the last 24 hours, 3.7M RDFN shares were traded.

How to Buy Redfin Stock

Not sure how to invest in Redfin stock? Here's how.
  1. Decide where to buy Redfin stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Redfin stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Choose your payment method and add your info.
  4. 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 research tools can help you evaluate if RDFN is a good stock to buy).
  5. Make your RDFN purchase: Decide if you will purchase RDFN shares at the current market price or use a limit order to purchase RDFN stock at a particular price.
  6. Get key alerts regarding your investment in RDFN: Create a watchlist to get the latest news on your new investment in Redfin shares.

Step 1: Decide where to buy Redfin stock

You need a brokerage account in order to access the NASDAQ market and buy RDFN shares.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our experience, eToro is the best online stock brokerage. Here's why:

  • You can invest in stocks with 0% commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
  • Access to global financial markets: From Tech to Energy, New York to Tokyo — you can fill your portfolio with stocks from the world's leading stock exchanges.
  • Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs and cryptos.

Get $10 towards your stock purchase by creating an account with eToro now.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Open a brokerage account

Now that you've chosen the best brokerage, it's time to fill out some personal details so you are able to buy RDFN today.

How to Start a New Account on eToro

  1. 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.
  2. Provide your personal info to start your new trading account.
  1. Send your data by hitting the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Put funds into your investment account

Now that you've created your account on the best beginner stock app, you need to deposit funds:

Check out this video walkthrough if you need help transferring funds into your new investment account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Research Redfin stock

After you have identified the best place to buy Redfin stock, it's important to research their stock prior to investing, so you truly understand the risk as well as the opportunity.

Redfin Numbers

RDFN Price
$6.13
1w %
-4.96%
1y %
-41.73%
5y %
-65.75%
P/E
-5.15x
P/B
-16.01x
P/S
0.73x
PEG
N/A
Revenue
$988.07M
Earnings
-$137.08M
Fore. Rev. Growth
11.55%
Fore. Earn. Growth
N/A
Market Cap
$732.36M
Next Earnings
Aug 1, 2024
Next Dividend
N/A

RDFN Zen Score

WallStreetZen was designed to help average investors do more in-depth fundamental analysis in minutes instead of hours.

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 intrinsic value.

You can do additional valuation analysis on RDFN's stock here.

RDFN Financial Health

Passed Financial Due Diligence Checks:

  • RDFN has $273.89M in cash and short term investments. This is sufficient to cover its annual cash burn of $28.62M.
  • RDFN profit margin has gone up from -26.8% to -13.9% in the past year.
  • There are more short-term assets than short-term liabilities on the RDFN balance sheet.
  • RDFN has cash burn of 28621000. It has enough cash and short-term investments to cover this for at least one year.

Failed Financial Due Diligence Checks:

  • RDFN debt to equity ratio of -23.54 is negative.
  • Total RDFN debt is still negative.
  • There are more long-term liabilities than short-term assets on the RDFN balance sheet.

Do analysts think it's a good time to buy Redfin stock

Out of 7 sell side analysts who track RDFN, the consensus analyst rating on RDFN is a Hold

Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.

Latest RDFN Analyst Ratings

Robert Mollins, a bottom 21% analyst from Gordon Haskett downgrades RDFN to a sell rating and announces their RDFN price target of $5.50, on Feb 29, 2024.

Brad Erickson, a top 4% analyst from RBC Capital maintains RDFN with a hold rating and lowers their RDFN price target from $10.00 to $9.00, on Feb 28, 2024.

You can dig deeper into what analysts are saying on the Redfin stock forecast page.

RDFN Momentum

SMA10
6.52
SMA20
6.5
SMA50
6.29
SMA100
6.7
SMA200
7.13
MACD
-0.04
MACD Signal
0.01
MACD Histogram
-0.05
RSI
44.06
Stochastic %K
27.79
Stochastic %D
31.28
StochRSI %K
43.37
StochRSI %D
42.7

Is RDFN Growing Revenue?

Last year, RDFN revenue was $988.07M. Over the past 5 year, RDFN's revenue has gone up by 13.82% per year. This was faster than the Real Estate Services industry average of 2.39%.

Find out more about RDFN's earnings and revenue performance here.

Are RDFN executives and large shareholders buying or selling the stock?

In the past 12 months, executives and large shareholders at RDFN have sold more shares than they have bought.

Anthony Ray Kappus, Chief Legal Officer of RDFN, was the latest RDFN insider to sell. They sold $61,385.81 worth of RDFN shares on May 21, 2024.

Dig into more about who owns RDFN stock here.

Does RDFN provide a stable income stream?

No, Redfin doesn't provide an income stream by paying out dividends.

What others are saying about RDFN

One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other community members have to say.

Step 5: Make your RDFN purchase

You have two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are mostly fine.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a specific price, use a limit order.

Click the Open Trade button and your broker will place your order.

If you require additional help with buying stocks on eToro, click the helpful video below:

Open eToro Account

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 company.

Put RDFN on a watchlist to get notified of important updates regarding your RDFN stock.

RDFN Feed

How to Buy Stock in Redfin

To reiterate, here are the 6 steps for buying Redfin stock:

  1. Decide where to buy Redfin stock
  2. Open a brokerage account
  3. Put funds into your investment account
  4. Research Redfin stock
  5. Make your RDFN purchase
  6. Get key alerts regarding your investment in RDFN

If you are looking for a place to buy stocks, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to monitor your new investment in Redfin, hit the button below to create your watchlist.

NASDAQ: RDFN
$6.13-0.32 (-4.96%)
Updated Jun 14, 2024
Open eToro Account
NASDAQ: RDFN
$6.13-0.32 (-4.96%)
Updated Jun 14, 2024
Open eToro Account

FAQ

How much does it cost to buy one Redfin share?

As of Jun 14, 2024, it costs $6.13 to buy one share of Redfin stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $3, you can buy 0.489 shares of RDFN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Redfin stock?

According to 7 Wall Street analysts who monitor Redfin, their consensus recommendation is to hold Redfin stock.

What is the best way to buy Redfin stock?

One way to place an order for Redfin stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.