Analysts at William Blair initiated coverage on shares of Redfin Corporation (NASDAQ:RDFN) in a research report issued on Thursday, Marketbeat.com reports. The firm set an “outperform” rating on the stock.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus initiated coverage on shares of Redfin Corporation in a report on Tuesday, August 22nd. They set a “hold” rating and a $24.00 price objective on the stock. Bank of America Corporation reaffirmed a “neutral” rating and set a $28.00 price objective on shares of Redfin Corporation in a report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Redfin Corporation in a report on Tuesday, August 22nd. They set a “neutral” rating and a $20.00 price objective on the stock. Piper Jaffray Companies initiated coverage on shares of Redfin Corporation in a report on Thursday, September 28th. They set a “neutral” rating and a $26.00 price objective on the stock. Finally, CIBC initiated coverage on shares of Redfin Corporation in a report on Tuesday, August 22nd. They set an “outperform” rating and a $31.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Redfin Corporation has a consensus rating of “Hold” and an average price target of $26.86.

Redfin Corporation (NASDAQ RDFN) traded down 1.67% during midday trading on Thursday, hitting $25.25. 573,270 shares of the company traded hands. Redfin Corporation has a 12-month low of $19.29 and a 12-month high of $33.49. The stock has a 50 day moving average of $25.73 and a 200 day moving average of $25.70. The stock’s market cap is $1.78 billion.

Redfin Corporation (NASDAQ:RDFN) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $104.90 million for the quarter, compared to analysts’ expectations of $104.78 million. The firm’s revenue for the quarter was up 35.0% compared to the same quarter last year. Equities research analysts predict that Redfin Corporation will post ($0.16) EPS for the current fiscal year.

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In other Redfin Corporation news, major shareholder Tiger Global Management Llc bought 260,000 shares of Redfin Corporation stock in a transaction dated Friday, July 28th. The stock was acquired at an average cost of $15.00 per share, for a total transaction of $3,900,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

About Redfin Corporation

Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.

Analyst Recommendations for Redfin Corporation (NASDAQ:RDFN)

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