Somewhat Positive News Coverage Somewhat Unlikely to Affect Redfin (RDFN) Stock Price
Media coverage about Redfin (NASDAQ:RDFN) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Redfin earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.0863900039193 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Condemned Fremont Home Sold For $1.23 Million (sanfrancisco.cbslocal.com)
- Here’s how some tech companies are chipping away at bias against women (heraldcourier.com)
- Nobody Wants to Live in This Expensive, Overpopulated City Anymore (cheatsheet.com)
- Zillow is getting into the home-flipping business (seattletimes.com)
- Head-To-Head Comparison: Redfin (RDFN) & Mitsubishi Estate (MITEY) (americanbankingnews.com)
Shares of Redfin stock opened at $23.19 on Tuesday. The stock has a market capitalization of $1,865.36 and a P/E ratio of -115.95. Redfin has a 1 year low of $19.18 and a 1 year high of $33.49.
RDFN has been the subject of several research analyst reports. KeyCorp initiated coverage on shares of Redfin in a research report on Tuesday, December 19th. They issued a “sector weight” rating for the company. BidaskClub raised shares of Redfin from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. Piper Jaffray increased their price target on shares of Redfin from $24.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, January 29th. Royal Bank of Canada upgraded shares of Redfin from a “sector perform” rating to an “outperform” rating and set a $28.00 price target for the company in a research note on Friday, February 2nd. They noted that the move was a valuation call. Finally, Jefferies Group began coverage on shares of Redfin in a research note on Tuesday, February 6th. They issued a “buy” rating and a $28.00 price target for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Redfin has a consensus rating of “Hold” and an average price target of $25.92.
In other Redfin news, insider Adam Wiener sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $20.82, for a total transaction of $208,200.00. Following the completion of the sale, the insider now directly owns 299,649 shares in the company, valued at approximately $6,238,692.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Christopher John Nielsen sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $20.51, for a total transaction of $512,750.00. Following the sale, the chief financial officer now owns 25,000 shares of the company’s stock, valued at $512,750. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,000 shares of company stock valued at $1,388,550.
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Redfin 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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