Redfin Faces Lawsuits Over Merger Proxy Statement

Redfin ( (RDFN) ) has issued an update.

On May 5, 2025, Redfin Corporation filed a Definitive Proxy Statement with the SEC regarding a merger agreement with Rocket Companies, Inc. The merger proposal will be voted on by Redfin stockholders on June 4, 2025. Several lawsuits have been filed by Redfin stockholders alleging that the proxy statement is misleading and incomplete. Redfin denies these allegations but has issued supplemental disclosures to address the claims and avoid delays in the merger process. The company intends to defend against these lawsuits, which it considers without merit, and believes no additional disclosures are legally necessary.

The most recent analyst rating on (RDFN) stock is a Buy with a $11.00 price target. To see the full list of analyst forecasts on Redfin stock, see the RDFN Stock Forecast page.

Spark’s Take on RDFN Stock

According to Spark, TipRanks’ AI Analyst, RDFN is a Neutral.

Redfin’s overall stock score reflects a company in transition, facing significant financial challenges but with potential upside due to strategic initiatives. The merger with Rocket Companies is a notable positive, providing potential synergies and market opportunities. However, persistent financial instability and unfavorable valuation metrics weigh heavily on the score. Investors should weigh the potential for future growth against current financial risks.

To see Spark’s full report on RDFN stock, click here.

More about Redfin

Redfin Corporation operates in the real estate industry, primarily offering real estate brokerage services. The company focuses on providing technology-driven real estate solutions to home buyers, sellers, and real estate agents.

Average Trading Volume: 8,907,925

Technical Sentiment Signal: Buy

Current Market Cap: $1.31B

For detailed information about RDFN stock, go to TipRanks’ Stock Analysis page.