Rightmove (LON: RMV), the UK’s dominant online real estate portal, continues to be a pivotal player in the nation’s property market. Rightmove provides an extensive platform for property listings, connecting estate agents with potential buyers and renters.
Its business model is primarily driven by membership fees from estate agents and property developers, as well as advertising revenue. Rightmove’s comprehensive database and user-friendly interface have solidified its position as the go-to resource for individuals seeking property information in the UK. The company’s success is intrinsically linked to the health and activity of the UK housing market, making it a bellwether for the broader economy.
The current CEO of Rightmove is Johan Svanström, appointed in 2023, Rightmove is listed on the London Stock Exchange, trading under the ticker symbol RMV.
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Rightmove Share Price
Over the past year, Rightmove has demonstrated resilience, navigating the uncertainties of the economic climate while maintaining a strong financial footing. Several key developments have shaped the company’s trajectory, influencing investor confidence and market sentiment. The stock’s performance, analyst ratings, dividend announcements, and underlying financial health all contribute to a multifaceted picture of Rightmove’s current standing.
A significant aspect of Rightmove’s recent performance has been its stock’s behavior relative to its moving averages. In March 2025, Rightmove’s share price consistently traded above its 200-day moving average, signaling a positive trend and suggesting growing investor confidence. This upward momentum was evident on multiple occasions, with the stock surpassing the 200-day moving average on March 11 and March 28, reaching intraday highs and closing at robust levels. Crossing above the 200-day moving average is often interpreted as a bullish signal, indicating that the stock’s recent performance is outperforming its longer-term trend. However, it is also important to note that some analysts view this as a potential “time to sell signal”, indicating that a stock is overbought.
Rightmove’s dividend announcement in September 2024 further underscores its commitment to returning value to shareholders. The dividend of £0.037 per share, paid in October 2024, represents a sustainable dividend yield, supported by projected earnings growth. This consistent dividend payout provides investors with a steady stream of income and reinforces the company’s financial stability. The projected earnings growth suggests that Rightmove is well-positioned to maintain or even increase its dividend payouts in the future.
Rightmove’s financial performance remains strong, with impressive net margins and return on equity. The company’s consistent profitability demonstrates its ability to generate substantial earnings from its operations. Analysts anticipate healthy earnings per share for the current fiscal year, further solidifying the company’s financial outlook. These robust financial metrics provide a solid foundation for Rightmove’s continued growth and success in the competitive online real estate market.
P/E Ratio Average Over the Last Ten Years: 31.05
Rightmove EPS and Revenue Breakdown 2020-2023
| RMV | Annual EPS | Annual Revenue |
|---|---|---|
| 2020 | £0.06 | £205.72 million |
| 2021 | £0.11 | £304.89 million |
| 2022 | £0.23 | £332.62 million |
| 2023 | £0.245 | £364.32 million |
Property Technology (PropTech) Industry Comparison
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Rightmove Share Price Forecast
Overall, six analysts have assigned Rightmove shares a “Buy” rating, four have assigned it a “Hold” rating, and four an “Underperform” rating.
?A View From The Bulls:
- Dominant market position in the UK online real estate portal sector.
- Strong financial performance with high net margins and return on equity.
- Consistent dividend payouts and projected earnings growth.
- Positive stock performance relative to its 200-day moving average.
- Bullish ratings from some analysts, indicating potential for future growth.
?A View From The Bears:
- “Underweight” rating from some analysts, reflecting concerns about valuation.
- Dependence on the health of the UK housing market.
- Potential for increased competition from alternative online platforms.
- Sensitivity to changes in economic conditions and interest rates.
- Risk of regulatory changes impacting the real estate sector.
Average Analyst Consensus 12-Month Price Target: £771.71
Our View: Rightmove stands as a robust and influential entity in the UK property market. Its financial strength, market dominance, and commitment to shareholder value are all compelling positives. However, investors must also consider the potential risks and challenges, including fluctuating market sentiment, analyst disagreements, and the ever-present threat of disruption. Only through a comprehensive understanding of these factors can investors make informed decisions about Rightmove’s future prospects.
While its market share is enviable, it also makes it a prime target for disruption. The very factors that have contributed to its success – high membership fees for agents, a focus on established players – could also create opportunities for nimble startups offering alternative, more cost-effective solutions. What if a new platform emerged, leveraging AI and machine learning to offer more personalised property searches and lower fees for agents?
Could Rightmove adapt quickly enough to maintain its lead? Furthermore, the company’s reliance on the UK housing market makes it particularly vulnerable to economic downturns. While Rightmove has weathered previous storms, the current global economic uncertainty presents a unique set of challenges. The potential for a significant housing market correction could severely impact Rightmove’s revenue and profitability, regardless of its strong financial position today. The rise of social media and alternative platforms for property listings also poses a threat, and the company may need to invest heavily in innovation to maintain its competitive edge.
The company’s ability to adapt to changing market dynamics, embrace technological innovation, and maintain its competitive edge will ultimately determine its long-term success. Rightmove’s future trajectory hinges on its ability to navigate the complexities of the UK property market and capitalise on emerging opportunities. Whether it can sustain its reign as the king of UK property portals remains to be seen, but its current position is certainly one of strength and influence.
