Redfin (NASDAQ:RDFN - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Redfin to post earnings of ($0.23) per share and revenue of $242.51 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
Redfin Trading Down 9.6 %
RDFN traded down $0.83 during midday trading on Friday, hitting $7.81. 9,632,028 shares of the company were exchanged, compared to its average volume of 4,969,393. The company's 50 day simple moving average is $8.13 and its 200 day simple moving average is $9.44. The firm has a market capitalization of $968.04 million, a price-to-earnings ratio of -6.10 and a beta of 2.66. Redfin has a 1-year low of $5.10 and a 1-year high of $15.29.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Redfin from $7.00 to $8.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. The Goldman Sachs Group downgraded Redfin from a "neutral" rating to a "sell" rating and increased their price target for the stock from $6.00 to $6.50 in a research report on Monday, November 18th. Susquehanna increased their price target on Redfin from $7.00 to $10.00 and gave the stock a "neutral" rating in a research report on Monday, November 11th. Citigroup dropped their target price on Redfin from $10.50 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, January 3rd. Finally, DA Davidson restated a "neutral" rating and set a $7.25 target price on shares of Redfin in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $9.16.
Get Our Latest Research Report on Redfin
Insider Activity at Redfin
In related news, insider Christian John Taubman sold 16,333 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $8.44, for a total value of $137,850.52. Following the transaction, the insider now directly owns 73,466 shares of the company's stock, valued at approximately $620,053.04. This trade represents a 18.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.40% of the stock is currently owned by corporate insiders.
About Redfin
(
Get Free Report)
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.
See Also
Before you consider Redfin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Redfin wasn't on the list.
While Redfin currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
