Susquehanna Increases Redfin (NASDAQ:RDFN) Price Target to $10.00

Redfin (NASDAQ:RDFN - Free Report) had its price objective boosted by Susquehanna from $7.00 to $10.00 in a report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other analysts also recently weighed in on the company. B. Riley upped their price target on Redfin from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. JPMorgan Chase & Co. cut their price target on Redfin from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, August 8th. Wedbush upped their price target on Redfin from $8.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday. Needham & Company LLC restated a "hold" rating on shares of Redfin in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group upped their price target on Redfin from $7.50 to $11.50 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Redfin has an average rating of "Hold" and a consensus price target of $9.13.

Redfin Trading Up 1.9 %

Shares of RDFN stock traded up $0.18 during midday trading on Monday, reaching $9.85. 7,134,957 shares of the stock were exchanged, compared to its average volume of 5,577,266. Redfin has a 1 year low of $5.10 and a 1 year high of $15.29. The company's 50 day moving average is $11.18 and its two-hundred day moving average is $8.57. The firm has a market cap of $1.20 billion, a PE ratio of -7.70 and a beta of 2.70.

Redfin (NASDAQ:RDFN - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.08). The business had revenue of $278.02 million during the quarter, compared to analysts' expectations of $280.21 million. During the same quarter last year, the business earned ($0.17) EPS. As a group, equities analysts expect that Redfin will post -1.13 EPS for the current fiscal year.

Insider Activity

In other news, insider Christian John Taubman sold 3,632 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $9.25, for a total transaction of $33,596.00. Following the transaction, the insider now directly owns 71,720 shares of the company's stock, valued at $663,410. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 4.40% of the company's stock.

Hedge Funds Weigh In On Redfin

Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its stake in Redfin by 205.8% in the 1st 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 in the last quarter. Swiss National Bank increased its stake in Redfin by 1.3% in the 1st 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 in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Redfin in the 1st quarter worth $298,000. ProShare Advisors LLC increased its stake in Redfin by 9.8% in the 1st quarter. ProShare Advisors LLC now owns 19,876 shares of the company's stock worth $132,000 after buying an additional 1,766 shares in the last quarter. Finally, Entropy Technologies LP increased its stake in Redfin by 41.4% in the 1st quarter. Entropy Technologies LP now owns 80,912 shares of the company's stock worth $538,000 after buying an additional 23,689 shares in the last quarter. 61.07% of the stock is owned by institutional investors.

Redfin Company Profile

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.