Redfin Corporation (NASDAQ:RDFN) had its price target decreased by Oppenheimer Holdings, Inc. from $31.00 to $27.00 in a report released on Friday. Oppenheimer Holdings, Inc. currently has an outperform rating on the stock. Oppenheimer Holdings also issued estimates for Redfin Corporation’s FY2020 earnings at $0.30 EPS.

A number of other equities research analysts have also weighed in on RDFN. Goldman Sachs Group, Inc. (The) started coverage on Redfin Corporation in a research report on Tuesday, August 22nd. They issued a neutral rating and a $20.00 price objective on the stock. Royal Bank Of Canada initiated coverage on Redfin Corporation in a research report on Tuesday, August 22nd. They set a sector perform rating and a $28.00 price target on the stock. Stifel Nicolaus initiated coverage on Redfin Corporation in a research report on Tuesday, August 22nd. They set a hold rating and a $24.00 price target on the stock. Bank of America Corporation restated a neutral rating and set a $28.00 price target on shares of Redfin Corporation in a research report on Tuesday, August 22nd. Finally, CIBC assumed coverage on Redfin Corporation in a research report on Tuesday, August 22nd. They set an outperform rating and a $31.00 price target on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Redfin Corporation presently has an average rating of Hold and an average price target of $25.86.

Shares of Redfin Corporation (RDFN) traded down $2.27 during trading on Friday, reaching $20.93. The company’s stock had a trading volume of 2,237,800 shares, compared to its average volume of 1,135,547. Redfin Corporation has a 1-year low of $19.29 and a 1-year high of $33.49.

Redfin Corporation (NASDAQ:RDFN) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.12 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.12. The business had revenue of $109.50 million during the quarter, compared to the consensus estimate of $110.62 million. The company’s quarterly revenue was up 35.0% on a year-over-year basis. equities analysts predict that Redfin Corporation will post -0.19 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. bought a new position in shares of Redfin Corporation in the third quarter worth about $129,000. SG Americas Securities LLC bought a new position in shares of Redfin Corporation in the third quarter worth about $139,000. Wells Fargo & Company MN bought a new position in shares of Redfin Corporation in the third quarter worth about $158,000. FNY Partners Fund LP bought a new position in shares of Redfin Corporation in the third quarter worth about $175,000. Finally, American International Group Inc. bought a new position in shares of Redfin Corporation in the third quarter worth about $181,000. Institutional investors own 1.50% of the company’s stock.

About Redfin Corporation

Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.

Analyst Recommendations for Redfin Corporation (NASDAQ:RDFN)

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