Equities research analysts at Cowen assumed coverage on shares of Redfin (NASDAQ:RDFN) in a research report issued on Friday. The firm set an “outperform” rating and a $30.00 price target on the stock. Cowen’s price target suggests a potential upside of 18.58% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Goldman Sachs Group assumed coverage on Redfin in a report on Tuesday, August 22nd. They issued a “neutral” rating and a $20.00 price objective for the company. Royal Bank of Canada reiterated a “hold” rating and issued a $28.00 price objective on shares of Redfin in a report on Friday, November 10th. Bank of America reiterated a “neutral” rating and issued a $28.00 price objective on shares of Redfin in a report on Tuesday, August 22nd. Stifel Nicolaus assumed coverage on Redfin in a report on Tuesday, August 22nd. They issued a “hold” rating and a $24.00 price objective for the company. Finally, Oppenheimer reduced their price objective on Redfin from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Redfin has a consensus rating of “Hold” and a consensus price target of $25.20.

Shares of Redfin (NASDAQ:RDFN) opened at $25.30 on Friday. Redfin has a twelve month low of $19.29 and a twelve month high of $33.49.

Redfin (NASDAQ:RDFN) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $109.50 million during the quarter, compared to the consensus estimate of $110.62 million. The company’s revenue for the quarter was up 35.0% on a year-over-year basis. research analysts predict that Redfin will post -0.2 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Hillman Co. purchased a new position in Redfin in the third quarter worth about $31,321,000. Dragoneer Investment Group LLC purchased a new position in Redfin in the third quarter worth about $24,242,000. Baillie Gifford & Co. purchased a new position in Redfin in the third quarter worth about $15,442,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Redfin in the third quarter worth about $9,700,000. Finally, OxFORD Asset Management LLP purchased a new position in Redfin in the third quarter worth about $8,877,000. 37.88% of the stock is currently 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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