Redfin Corporation (NASDAQ:RDFN) – Stock analysts at William Blair lowered their FY2019 EPS estimates for shares of Redfin Corporation in a report issued on Thursday. William Blair analyst B. Dobell now forecasts that the company will earn $0.04 per share for the year, down from their previous estimate of $0.05. William Blair currently has a “Outperform” rating on the stock.
Other equities research analysts have also issued research reports about the company. Bank of America Corporation decreased their price objective on Redfin Corporation from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Friday. Royal Bank Of Canada reissued a “hold” rating and issued a $28.00 price objective on shares of Redfin Corporation in a report on Friday. Oppenheimer Holdings, Inc. decreased their price objective on Redfin Corporation from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Friday. Goldman Sachs Group, Inc. (The) began coverage on Redfin Corporation in a report on Tuesday, August 22nd. They issued a “neutral” rating and a $20.00 price objective for the company. Finally, Stifel Nicolaus began coverage on Redfin Corporation in a report on Tuesday, August 22nd. They issued a “hold” rating and a $24.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $25.86.
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Shares of Redfin Corporation (RDFN) traded up $0.36 during trading on Monday, hitting $21.29. The stock had a trading volume of 684,500 shares, compared to its average volume of 1,129,533. Redfin Corporation has a 1 year low of $19.29 and a 1 year high of $33.49.
Redfin Corporation (NASDAQ:RDFN) last announced its earnings results on Thursday, November 9th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $109.50 million for the quarter, compared to analysts’ expectations of $110.62 million. The firm’s revenue was up 35.0% on a year-over-year basis.
A number of hedge funds and other institutional investors have recently modified their holdings of RDFN. Advisor Group Inc. bought a new position in Redfin Corporation in the 3rd quarter worth about $129,000. SG Americas Securities LLC bought a new position in Redfin Corporation in the 3rd quarter worth about $139,000. Wells Fargo & Company MN bought a new position in Redfin Corporation in the 3rd quarter worth about $158,000. FNY Partners Fund LP bought a new position in Redfin Corporation in the 3rd quarter worth about $175,000. Finally, American International Group Inc. bought a new position in Redfin Corporation in the 3rd quarter worth about $181,000. Institutional investors and hedge funds own 1.50% 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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