Somewhat Positive Media Coverage Somewhat Unlikely to Affect Redfin (RDFN) Share Price
Media headlines about Redfin (NASDAQ:RDFN) have trended somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Redfin earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.1486623987637 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- You Can Buy The Average American Home For 18 Bitcoins (finance.yahoo.com)
- Redfin (RDFN) Coverage Initiated by Analysts at Cowen (americanbankingnews.com)
- 18 Bitcoins will Buy the Average American Home (finance.yahoo.com)
- There’s a one-bedroom condo for sale in Miami — and the seller will only accept bitcoin (finance.yahoo.com)
- Wildfires Threaten SoCal Housing Markets Already Struggling with Unaffordability and Low Inventory, According to Redfin (finance.yahoo.com)
Redfin (NASDAQ RDFN) traded up $0.71 during trading on Friday, reaching $26.01. The company’s stock had a trading volume of 594,039 shares, compared to its average volume of 663,121. Redfin has a 12-month low of $19.29 and a 12-month high of $33.49.
Several equities analysts recently weighed in on the company. Cowen assumed coverage on Redfin in a research report on Friday. They set an “outperform” rating and a $30.00 price objective for the company. Stephens assumed coverage on Redfin in a research report on Friday, December 1st. They set an “underweight” rating and a $17.00 price objective for the company. Oppenheimer reissued a “buy” rating on shares of Redfin in a research report on Monday, November 20th. Royal Bank of Canada reissued a “hold” rating and set a $28.00 price objective on shares of Redfin in a research report on Thursday, November 16th. Finally, Zacks Investment Research cut Redfin from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.20.
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Redfin 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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