Redfin Corporation (RDFN) PT Lowered to $27.00

Redfin Corporation (NASDAQ:RDFN) had its price objective lowered by Oppenheimer Holdings, Inc. from $31.00 to $27.00 in a research note published on Friday morning. 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 brokerages have also issued reports on RDFN. Royal Bank Of Canada began coverage on shares of Redfin Corporation in a report on Tuesday, August 22nd. They set a sector perform rating and a $28.00 price objective for the company. Stifel Nicolaus began coverage on shares of Redfin Corporation in a report on Tuesday, August 22nd. They set a hold rating and a $24.00 price objective for the company. Goldman Sachs Group, Inc. (The) began coverage on shares of Redfin Corporation in a report on Tuesday, August 22nd. They set a neutral rating and a $20.00 price objective for the company. Bank of America Corporation reaffirmed a neutral rating and set a $28.00 price objective on shares of Redfin Corporation in a report on Tuesday, August 22nd. Finally, William Blair began coverage on shares of Redfin Corporation in a report on Thursday, October 19th. They set an outperform rating for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Redfin Corporation presently has a consensus rating of Hold and a consensus target price of $25.86.

Shares of Redfin Corporation (NASDAQ:RDFN) traded up $0.36 on Friday, reaching $21.29. 684,500 shares of the company’s stock were exchanged, compared to its average volume of 1,129,533. 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 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $109.50 million for the quarter, compared to analysts’ expectations of $110.62 million. The firm’s quarterly revenue was up 35.0% on a year-over-year basis. equities research analysts anticipate that Redfin Corporation will post -0.19 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. bought a new position in shares of Redfin Corporation during the 3rd quarter valued at approximately $129,000. SG Americas Securities LLC bought a new position in shares of Redfin Corporation during the 3rd quarter valued at approximately $139,000. Wells Fargo & Company MN bought a new position in shares of Redfin Corporation during the 3rd quarter valued at approximately $158,000. FNY Partners Fund LP bought a new position in shares of Redfin Corporation during the 3rd quarter valued at approximately $175,000. Finally, American International Group Inc. bought a new position in shares of Redfin Corporation during the 3rd quarter valued at approximately $181,000. Hedge funds and other 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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