Redfin Corp (RDFN) Given Average Rating of “Hold” by Analysts

Redfin Corp (NASDAQ:RDFN) has earned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $25.13.

RDFN has been the topic of several analyst reports. Zacks Investment Research raised shares of Redfin from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, November 15th. Oppenheimer reaffirmed a “buy” rating on shares of Redfin in a report on Monday, November 20th. BidaskClub raised shares of Redfin from a “hold” rating to a “buy” rating in a report on Saturday, December 30th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $28.00 price target on shares of Redfin in a report on Thursday, November 16th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $26.00 price target on shares of Redfin in a report on Wednesday, November 1st.

Shares of Redfin (NASDAQ:RDFN) traded down $0.87 during trading hours on Friday, reaching $26.08. 555,394 shares of the company were exchanged, compared to its average volume of 468,879. The company has a market capitalization of $2,120.00 and a P/E ratio of -7.26. Redfin has a 52 week low of $19.29 and a 52 week high of $33.49.

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

Several institutional investors and hedge funds have recently made changes to their positions in RDFN. Advisor Group Inc. purchased a new stake in shares of Redfin during the third quarter valued at $129,000. SG Americas Securities LLC purchased a new stake in shares of Redfin during the third quarter valued at $139,000. Wells Fargo & Company MN purchased a new stake in shares of Redfin during the third quarter valued at $158,000. FNY Partners Fund LP purchased a new stake in shares of Redfin during the third quarter valued at $175,000. Finally, American International Group Inc. purchased a new stake in shares of Redfin during the third quarter valued at $181,000. 37.88% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Redfin Corp (RDFN) Given Average Rating of “Hold” by Analysts” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.americanbankingnews.com/2018/01/19/redfin-corp-rdfn-given-average-rating-of-hold-by-analysts.html.

Redfin Company Profile

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)

Receive News & Ratings for Redfin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redfin and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply