Redfin (RDFN) – Research Analysts’ Recent Ratings Changes

Redfin (NASDAQ: RDFN) has recently received a number of price target changes and ratings updates:

• 11/19/2024 – Redfin had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $7.25 price target on the stock.
• 11/18/2024 – Redfin was downgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “sell” rating. They now have a $6.50 price target on the stock, up previously from $6.00.
• 11/12/2024 – Redfin had its price target raised by analysts at JPMorgan Chase & Co. from $7.00 to $8.00. They now have a “neutral” rating on the stock.
• 11/11/2024 – Redfin had its price target raised by analysts at Susquehanna from $7.00 to $10.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Redfin had its price target raised by analysts at Wedbush from $8.00 to $10.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – Redfin had its price target raised by analysts at Jefferies Financial Group Inc. from $7.50 to $11.50. They now have a “hold” rating on the stock.
• 9/30/2024 – Redfin had its price target raised by analysts at B. Riley from $13.00 to $15.00. They now have a “buy” rating on the stock.

Redfin Stock Up 12.3 %

Shares of NASDAQ:RDFN traded up $1.00 on Friday, reaching $9.16. The company had a trading volume of 8,404,380 shares, compared to its average volume of 5,576,813. The stock has a market capitalization of $1.14 billion, a P/E ratio of -7.16 and a beta of 2.70. The stock has a 50-day moving average price of $10.89 and a 200 day moving average price of $8.68. Redfin Co. has a twelve month low of $5.10 and a twelve month high of $15.29.

Redfin (NASDAQ:RDFN) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The business had revenue of $278.02 million during the quarter, compared to the consensus estimate of $280.21 million. During the same quarter in the prior year, the company posted ($0.17) earnings per share. On average, sell-side analysts predict that Redfin Co. will post -1.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Redfin

A number of hedge funds and other institutional investors have recently made changes to their positions in RDFN. Mather Group LLC. grew its position in Redfin by 282.1% in the second quarter. Mather Group LLC. now owns 3,821 shares of the company’s stock valued at $25,000 after acquiring an additional 2,821 shares during the period. Hollencrest Capital Management bought a new stake in Redfin during the 3rd quarter worth about $25,000. Blue Trust Inc. increased its position in Redfin by 285.7% in the 3rd quarter. Blue Trust Inc. now owns 3,302 shares of the company’s stock valued at $41,000 after acquiring an additional 2,446 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Redfin during the third quarter worth approximately $47,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Redfin during the third quarter worth approximately $48,000. 61.07% of the stock is owned by institutional investors.

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.