Redfin Corp (NASDAQ:RDFN) – Equities research analysts at DA Davidson issued their FY2021 EPS estimates for Redfin in a report released on Monday, February 11th. DA Davidson analyst T. White expects that the company will post earnings of ($0.78) per share for the year. DA Davidson has a “Underperform” rating and a $15.50 price objective on the stock.
A number of other analysts have also issued reports on the stock. Cowen set a $23.00 price target on shares of Redfin and gave the stock a “buy” rating in a research note on Friday, October 19th. Needham & Company LLC started coverage on shares of Redfin in a research note on Tuesday, January 8th. They issued a “hold” rating on the stock. BidaskClub upgraded shares of Redfin from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Compass Point started coverage on Redfin in a report on Thursday, January 24th. They issued a “buy” rating and a $20.50 price objective for the company. Finally, Susquehanna Bancshares began coverage on Redfin in a report on Thursday, November 29th. They issued a “positive” rating and a $19.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Redfin has a consensus rating of “Hold” and a consensus target price of $19.50.
NASDAQ RDFN opened at $18.16 on Wednesday. Redfin has a 12 month low of $13.50 and a 12 month high of $26.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 8.15 and a current ratio of 8.57. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -90.80 and a beta of 0.84.
Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Redfin by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 803,800 shares of the company’s stock worth $11,574,000 after purchasing an additional 58,302 shares during the period. Captrust Financial Advisors raised its position in Redfin by 167.7% during the fourth quarter. Captrust Financial Advisors now owns 2,136 shares of the company’s stock valued at $31,000 after buying an additional 1,338 shares during the period. Dimensional Fund Advisors LP acquired a new position in Redfin during the fourth quarter valued at $350,000. Citigroup Inc. raised its position in Redfin by 28.9% during the fourth quarter. Citigroup Inc. now owns 83,308 shares of the company’s stock valued at $1,200,000 after buying an additional 18,690 shares during the period. Finally, Freestone Capital Holdings LLC increased its position in Redfin by 1.3% in the 4th quarter. Freestone Capital Holdings LLC now owns 271,839 shares of the company’s stock worth $3,914,000 after purchasing an additional 3,440 shares during the last quarter. Institutional investors and hedge funds own 93.16% of the company’s stock.
In related news, insider Adam Wiener sold 3,505 shares of the company’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $16.15, for a total transaction of $56,605.75. Following the completion of the transaction, the insider now directly owns 198,349 shares in the company, valued at approximately $3,203,336.35. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Bridget Frey sold 15,000 shares of the business’s stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $18.00, for a total value of $270,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 46,785 shares of company stock worth $805,876 over the last 90 days. 8.80% of the stock is owned by company insiders.
Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties.
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