Redfin Corporation (RDFN) Price Target Lowered to $25.00 at Bank of America Corporation
Redfin Corporation (NASDAQ:RDFN) had its price objective reduced by Bank of America Corporation from $28.00 to $25.00 in a report released on Friday morning. They currently have a neutral rating on the stock.
Several other equities analysts have also recently issued reports on the stock. Oppenheimer Holdings, Inc. decreased their target price on shares of Redfin Corporation from $31.00 to $27.00 and set an outperform rating for the company in a research note on Friday. Goldman Sachs Group, Inc. (The) began coverage on shares of Redfin Corporation in a research note on Tuesday, August 22nd. They issued a neutral rating and a $20.00 target price for the company. Royal Bank Of Canada began coverage on shares of Redfin Corporation in a research note on Tuesday, August 22nd. They issued a sector perform rating and a $28.00 target price for the company. Stifel Nicolaus began coverage on shares of Redfin Corporation in a research note on Tuesday, August 22nd. They issued a hold rating and a $24.00 target price for the company. Finally, Piper Jaffray Companies began coverage on shares of Redfin Corporation in a research note on Thursday, September 28th. They issued a neutral rating and a $26.00 target price for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $25.86.
Shares of Redfin Corporation (NASDAQ RDFN) traded down $2.27 during midday trading on Friday, reaching $20.93. 2,237,800 shares of the company’s stock traded hands, compared to its average volume of 606,961. Redfin Corporation has a twelve month low of $19.29 and a twelve month high of $33.49.
Redfin Corporation (NASDAQ:RDFN) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $109.50 million for the quarter, compared to analyst estimates of $110.62 million. The business’s revenue for the quarter was up 35.0% on a year-over-year basis. equities research analysts predict that Redfin Corporation will post -0.19 earnings per share for the current year.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. acquired a new position in shares of Redfin Corporation in the 3rd quarter valued at $129,000. SG Americas Securities LLC acquired a new position in shares of Redfin Corporation in the 3rd quarter valued at $139,000. Wells Fargo & Company MN purchased a new stake in Redfin Corporation in the 3rd quarter worth $158,000. FNY Partners Fund LP purchased a new stake in Redfin Corporation in the 3rd quarter worth $175,000. Finally, American International Group Inc. purchased a new stake in Redfin Corporation in the 3rd quarter worth $181,000. Hedge funds and other institutional investors own 0.97% of the company’s stock.
Redfin Corporation Company Profile
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.
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