Royal Bank Of Canada reiterated their hold rating on shares of Redfin Corporation (NASDAQ:RDFN) in a research report released on Friday morning. They currently have a $28.00 price objective on the stock.
A number of other research firms have also issued reports on RDFN. Oppenheimer Holdings, Inc. began coverage on Redfin Corporation in a report on Tuesday, August 22nd. They set an outperform rating and a $31.00 target price on the stock. Stifel Nicolaus began coverage on Redfin Corporation in a report on Tuesday, August 22nd. They set a hold rating and a $24.00 target price on the stock. Goldman Sachs Group, Inc. (The) began coverage on Redfin Corporation in a report on Tuesday, August 22nd. They set a neutral rating and a $20.00 target price on the stock. Bank of America Corporation reaffirmed a neutral rating and set a $28.00 target price on shares of Redfin Corporation in a report on Tuesday, August 22nd. Finally, William Blair began coverage on Redfin Corporation in a report on Thursday, October 19th. They set an outperform rating on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $25.86.
Shares of Redfin Corporation (RDFN) opened at $21.29 on Friday. Redfin Corporation has a one year low of $19.29 and a one year high of $33.49.
Redfin Corporation (NASDAQ:RDFN) last released its earnings results on Thursday, November 9th. The company reported $0.12 earnings per share (EPS) 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 quarterly revenue was up 35.0% compared to the same quarter last year. equities analysts expect that Redfin Corporation will post -0.19 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of RDFN. Nationwide Fund Advisors purchased a new position in Redfin Corporation in the 3rd quarter worth about $285,000. First Trust Advisors LP purchased a new position in Redfin Corporation in the 3rd quarter worth about $1,548,000. Baillie Gifford & Co. purchased a new position in Redfin Corporation in the 3rd quarter worth about $15,442,000. Advisor Group Inc. purchased a new position in Redfin Corporation in the 3rd quarter worth about $129,000. Finally, Bank of New York Mellon Corp purchased a new position in Redfin Corporation in the 3rd quarter worth about $832,000. 1.50% of the stock is currently owned by hedge funds and other institutional investors.
About Redfin Corporation
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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