Redfin Corp (NASDAQ:RDFN) – Equities researchers at Jefferies Group issued their FY2017 earnings per share (EPS) estimates for shares of Redfin in a note issued to investors on Tuesday. Jefferies Group analyst B. Thill expects that the company will earn ($0.22) per share for the year. Jefferies Group currently has a “Buy” rating and a $28.00 target price on the stock. Jefferies Group also issued estimates for Redfin’s Q4 2017 earnings at ($0.05) EPS, Q1 2018 earnings at ($0.32) EPS, Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.16 EPS, Q4 2018 earnings at ($0.01) EPS, FY2018 earnings at ($0.07) EPS and FY2019 earnings at $0.14 EPS.
Several other research analysts have also recently weighed in on RDFN. William Blair initiated coverage on shares of Redfin in a report on Thursday, October 19th. They issued an “outperform” rating on the stock. Royal Bank of Canada reissued a “hold” rating and issued a $28.00 price target on shares of Redfin in a report on Monday, October 30th. Piper Jaffray Companies reissued a “hold” rating and issued a $26.00 price target on shares of Redfin in a report on Wednesday, November 1st. Oppenheimer lowered their price target on shares of Redfin from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, Bank of America lowered their price target on shares of Redfin from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.73.
Redfin (NASDAQ:RDFN) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.12 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The company had revenue of $109.50 million during the quarter, compared to the consensus estimate of $110.62 million. Redfin’s quarterly revenue was up 35.0% on a year-over-year basis.
Several large investors have recently made changes to their positions in the business. Advisor Group Inc. acquired a new position in shares of Redfin during the 3rd quarter worth approximately $129,000. SG Americas Securities LLC acquired a new position in shares of Redfin during the 3rd quarter worth approximately $139,000. Wells Fargo & Company MN acquired a new position in shares of Redfin during the 3rd quarter worth approximately $158,000. FNY Partners Fund LP acquired a new position in shares of Redfin during the 3rd quarter worth approximately $175,000. Finally, American International Group Inc. acquired a new position in shares of Redfin during the 3rd quarter worth approximately $181,000. Hedge funds and other institutional investors own 38.48% of the company’s stock.
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.
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