Research Analysts’ Weekly Ratings Changes for Redfin (RDFN)

A number of firms have modified their ratings and price targets on shares of Redfin (NASDAQ: RDFN) recently:

  • 11/13/2018 – Redfin had its price target lowered by analysts at DA Davidson to $17.50. They now have a “neutral” rating on the stock.
  • 11/9/2018 – Redfin was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
  • 11/9/2018 – Redfin was downgraded by analysts at Zelman & Associates from a “buy” rating to a “hold” rating.
  • 11/9/2018 – Redfin was given a new $21.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 10/23/2018 – Redfin was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Redfin Corporation is engaged in providing residential real estate search and brokerage services. The Company provides an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services and originate mortgages. Redfin Corporation is headquartered in Seattle, Washington. “
  • 10/19/2018 – Redfin was given a new $23.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 10/18/2018 – Redfin was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/17/2018 – Redfin was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Redfin Corporation is engaged in providing residential real estate search and brokerage services. The Company provides an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services and originate mortgages. Redfin Corporation is headquartered in Seattle, Washington. “
  • 10/6/2018 – Redfin was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/17/2018 – Redfin is now covered by analysts at Macquarie. They set a “neutral” rating and a $20.00 price target on the stock.

Shares of NASDAQ:RDFN traded up $0.26 during midday trading on Tuesday, hitting $15.60. The stock had a trading volume of 69,489 shares, compared to its average volume of 1,253,492. The stock has a market capitalization of $1.34 billion, a PE ratio of -78.00 and a beta of -0.63. The company has a current ratio of 8.57, a quick ratio of 8.15 and a debt-to-equity ratio of 0.30. Redfin Corp has a fifty-two week low of $13.50 and a fifty-two week high of $31.50.

Redfin (NASDAQ:RDFN) last issued its earnings results on Thursday, November 8th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $140.30 million during the quarter, compared to analysts’ expectations of $139.45 million. Redfin had a negative net margin of 6.88% and a negative return on equity of 12.10%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.12 EPS. On average, research analysts predict that Redfin Corp will post -0.43 EPS for the current fiscal year.

In other news, insider Adam Wiener sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $16.05, for a total value of $160,500.00. Following the completion of the transaction, the insider now directly owns 208,449 shares in the company, valued at approximately $3,345,606.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bridget Frey sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $19.53, for a total transaction of $97,650.00. Following the completion of the transaction, the insider now owns 42,758 shares of the company’s stock, valued at $835,063.74. The disclosure for this sale can be found here. Insiders sold a total of 57,290 shares of company stock valued at $1,005,361 over the last 90 days. Corporate insiders own 8.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in RDFN. Great West Life Assurance Co. Can bought a new stake in shares of Redfin during the 2nd quarter valued at approximately $106,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Redfin during the 3rd quarter valued at approximately $139,000. Caption Management LLC bought a new stake in shares of Redfin during the 2nd quarter valued at approximately $191,000. United Services Automobile Association bought a new stake in shares of Redfin during the 3rd quarter valued at approximately $195,000. Finally, Perkins Coie Trust Co grew its holdings in shares of Redfin by 52.4% during the 2nd quarter. Perkins Coie Trust Co now owns 8,648 shares of the company’s stock valued at $200,000 after purchasing an additional 2,972 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties.

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