Redfin (NASDAQ:RDFN) Raised to Hold at Gordon Haskett

Gordon Haskett upgraded shares of Redfin (NASDAQ:RDFN) to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other analysts also recently weighed in on RDFN. Susquehanna decreased their price target on Redfin from $10.00 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Citigroup reduced their price objective on Redfin from $10.50 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. B. Riley lowered Redfin from a “strong-buy” rating to a “hold” rating in a research note on Monday. DA Davidson reiterated a “neutral” rating and set a $7.25 target price on shares of Redfin in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. dropped their target price on Redfin from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $9.48.

Redfin Stock Up 6.4 %

RDFN stock opened at $10.38 on Monday. The business has a 50 day moving average price of $7.97 and a 200 day moving average price of $9.42. Redfin has a fifty-two week low of $5.10 and a fifty-two week high of $15.29. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -8.11 and a beta of 2.90.

Insiders Place Their Bets

In other Redfin news, insider Christian John Taubman sold 16,333 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $8.44, for a total value of $137,850.52. Following the sale, the insider now directly owns 73,466 shares in the company, valued at approximately $620,053.04. This trade represents a 18.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.40% of the company’s stock.

Hedge Funds Weigh In On Redfin

A number of large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Redfin in the 4th quarter valued at $27,000. R Squared Ltd bought a new stake in shares of Redfin during the fourth quarter worth $33,000. US Bancorp DE increased its position in Redfin by 48.3% in the 4th quarter. US Bancorp DE now owns 5,522 shares of the company’s stock valued at $43,000 after acquiring an additional 1,799 shares during the period. Blue Trust Inc. raised its position in shares of Redfin by 76.3% during the fourth quarter. Blue Trust Inc. now owns 5,822 shares of the company’s stock worth $46,000 after acquiring an additional 2,520 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in Redfin in the third quarter worth approximately $47,000. Institutional investors and hedge funds own 61.07% of the company’s stock.

About Redfin

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.