Redfin Co. (NASDAQ:RDFN - Free Report) - Investment analysts at B. Riley upped their FY2028 earnings per share (EPS) estimates for Redfin in a report issued on Monday, November 11th. B. Riley analyst N. Khan now anticipates that the company will earn $0.29 per share for the year, up from their prior forecast of $0.28. B. Riley has a "Buy" rating and a $15.00 price target on the stock. The consensus estimate for Redfin's current full-year earnings is ($1.18) per share.
A number of other equities research analysts have also recently weighed in on RDFN. Susquehanna boosted their price objective on Redfin from $7.00 to $10.00 and gave the company a "neutral" rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on Redfin from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Tuesday. Needham & Company LLC restated a "hold" rating on shares of Redfin in a research note on Wednesday, August 7th. Jefferies Financial Group upped their price objective on Redfin from $7.50 to $11.50 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Finally, Wedbush upped their price objective on Redfin from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $9.23.
Read Our Latest Analysis on Redfin
Redfin Stock Performance
NASDAQ RDFN traded down $0.47 during trading on Wednesday, hitting $8.88. The stock had a trading volume of 3,250,975 shares, compared to its average volume of 5,570,884. The firm has a 50 day moving average price of $11.17 and a 200 day moving average price of $8.60. Redfin has a twelve month low of $5.10 and a twelve month high of $15.29.
Redfin (NASDAQ:RDFN - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.08). The company had revenue of $278.02 million during the quarter, compared to analysts' expectations of $280.21 million. During the same period last year, the firm earned ($0.17) earnings per share.
Insider Buying and Selling at Redfin
In other Redfin news, insider Christian John Taubman sold 3,632 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $9.25, for a total value of $33,596.00. Following the sale, the insider now owns 71,720 shares of the company's stock, valued at approximately $663,410. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.40% of the stock is owned by corporate insiders.
Institutional Trading of Redfin
Several institutional investors and hedge funds have recently made changes to their positions in RDFN. Allspring Global Investments Holdings LLC lifted its position in Redfin by 205.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,608 shares of the company's stock worth $31,000 after buying an additional 3,101 shares during the period. Swiss National Bank lifted its position in Redfin by 1.3% during the first quarter. Swiss National Bank now owns 227,500 shares of the company's stock worth $1,513,000 after buying an additional 2,900 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Redfin during the first quarter worth about $298,000. ProShare Advisors LLC lifted its position in Redfin by 9.8% during the first quarter. ProShare Advisors LLC now owns 19,876 shares of the company's stock worth $132,000 after buying an additional 1,766 shares during the period. Finally, Entropy Technologies LP lifted its position in Redfin by 41.4% during the first quarter. Entropy Technologies LP now owns 80,912 shares of the company's stock worth $538,000 after buying an additional 23,689 shares during the period. 61.07% of the stock is currently owned by hedge funds and other institutional investors.
About Redfin
(
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Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates and sells mortgages.
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