Redfin Corporation (NASDAQ:RDFN) – Equities research analysts at William Blair cut their FY2019 EPS estimates for shares of Redfin Corporation in a research report issued to clients and investors on Thursday. William Blair analyst B. Dobell now expects that the company will post earnings of $0.04 per share for the year, down from their previous estimate of $0.05. William Blair has a “Outperform” rating on the stock.

Redfin Corporation (NASDAQ:RDFN) last announced its earnings results on Thursday, November 9th. The company reported $0.12 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The firm had revenue of $109.50 million for the quarter, compared to the consensus estimate of $110.62 million. The firm’s quarterly revenue was up 35.0% compared to the same quarter last year.

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Other equities analysts have also issued research reports about the company. Royal Bank Of Canada reiterated a “hold” rating and issued a $28.00 price target on shares of Redfin Corporation in a research report on Friday. Piper Jaffray Companies reiterated a “hold” rating and issued a $26.00 price target on shares of Redfin Corporation in a research report on Wednesday, November 1st. Stifel Nicolaus started coverage on Redfin Corporation in a research report on Tuesday, August 22nd. They issued a “hold” rating and a $24.00 price target for the company. Bank of America Corporation reiterated a “neutral” rating and issued a $28.00 price target on shares of Redfin Corporation in a research report on Tuesday, August 22nd. Finally, Goldman Sachs Group, Inc. (The) started coverage on Redfin Corporation in a research report on Tuesday, August 22nd. They issued a “neutral” rating and a $20.00 price target for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Redfin Corporation currently has a consensus rating of “Hold” and a consensus target price of $25.86.

Redfin Corporation (RDFN) opened at $20.93 on Monday. Redfin Corporation has a 1 year low of $19.29 and a 1 year high of $33.49.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Inc. acquired a new stake in Redfin Corporation during the 3rd quarter worth about $129,000. SG Americas Securities LLC acquired a new stake in Redfin Corporation during the 3rd quarter worth about $139,000. Wells Fargo & Company MN acquired a new stake in Redfin Corporation during the 3rd quarter worth about $158,000. FNY Partners Fund LP acquired a new stake in Redfin Corporation during the 3rd quarter worth about $175,000. Finally, American International Group Inc. acquired a new stake in Redfin Corporation during the 3rd quarter worth about $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.

Earnings History and Estimates for Redfin Corporation (NASDAQ:RDFN)

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