Shares of Redfin Corporation (NASDAQ:RDFN) have been given an average rating of “Hold” by the nine brokerages that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $25.67.

A number of equities analysts have recently weighed in on RDFN shares. Oppenheimer started coverage on Redfin in a research report on Tuesday, August 22nd. They set an “outperform” rating and a $31.00 target price on the stock. Zacks Investment Research lowered Redfin from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. William Blair started coverage on Redfin in a research report on Thursday, October 19th. They set an “outperform” rating on the stock. CIBC started coverage on Redfin in a research report on Tuesday, August 22nd. They set an “outperform” rating and a $31.00 target price on the stock. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $26.00 target price on shares of Redfin in a research report on Wednesday, November 1st.

Shares of Redfin (NASDAQ RDFN) traded down $0.03 during trading hours on Thursday, hitting $22.78. The stock had a trading volume of 255,154 shares, compared to its average volume of 1,053,976. Redfin has a one year low of $19.29 and a one year high of $33.49.

Redfin (NASDAQ:RDFN) last issued its earnings results on Thursday, November 9th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $109.50 million for the quarter, compared to analyst estimates of $110.62 million. The firm’s revenue for the quarter was up 35.0% compared to the same quarter last year. research analysts predict that Redfin will post -0.2 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. purchased a new stake in Redfin in the 3rd quarter valued at $129,000. SG Americas Securities LLC purchased a new stake in Redfin in the 3rd quarter valued at $139,000. Wells Fargo & Company MN purchased a new stake in Redfin in the 3rd quarter valued at $158,000. FNY Partners Fund LP purchased a new stake in Redfin in the 3rd quarter valued at $175,000. Finally, American International Group Inc. purchased a new stake in Redfin in the 3rd quarter valued at $181,000. 37.88% of the stock is owned by institutional investors and hedge funds.

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About Redfin

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 (NASDAQ:RDFN)

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