Zacks Investment Research downgraded shares of Redfin Corporation (NASDAQ:RDFN) from a buy rating to a hold rating in a report released on Thursday morning.

According to Zacks, “Redfin Corporation is engaged in providing residential real estate search and brokerage services. The Company provides 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 and originate mortgages. Redfin Corporation is headquartered in Seattle, Washington. “

Several other research analysts also recently commented on RDFN. Goldman Sachs Group, Inc. (The) started 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. Royal Bank Of Canada started 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 started 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. Bank of America Corporation reissued a neutral rating and set a $28.00 price objective on shares of Redfin Corporation in a report on Tuesday, August 22nd. Finally, Oppenheimer Holdings, Inc. started coverage on shares of Redfin Corporation in a report on Tuesday, August 22nd. They set an outperform rating and a $31.00 price objective for the company. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Redfin Corporation currently has an average rating of Hold and a consensus target price of $25.63.

Redfin Corporation (RDFN) traded up $0.07 on Thursday, hitting $21.12. 337,453 shares of the company’s stock traded hands, compared to its average volume of 1,094,608. Redfin Corporation has a twelve month low of $19.29 and a twelve month high of $33.49.

Redfin Corporation (NASDAQ:RDFN) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $109.50 million for the quarter, compared to the consensus estimate of $110.62 million. Redfin Corporation’s revenue was up 35.0% on a year-over-year basis. equities research analysts forecast that Redfin Corporation will post -0.2 earnings per share for the current fiscal year.

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Several large investors have recently made changes to their positions in the stock. Advisor Group Inc. bought a new position in shares of Redfin Corporation in the 3rd quarter valued at about $129,000. SG Americas Securities LLC bought a new position in shares of Redfin Corporation in the 3rd quarter valued at about $139,000. Wells Fargo & Company MN bought a new position in shares of Redfin Corporation in the 3rd quarter valued at about $158,000. FNY Partners Fund LP bought a new position in shares of Redfin Corporation in the 3rd quarter valued at about $175,000. Finally, American International Group Inc. bought a new position in shares of Redfin Corporation in the 3rd quarter valued at about $181,000. 1.50% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Redfin Corporation (NASDAQ:RDFN)

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