News stories about Redfin (NASDAQ:RDFN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Redfin earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.98770539579 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several research analysts have recently issued reports on RDFN shares. BidaskClub lowered Redfin from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered Redfin from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. Zelman & Associates started coverage on Redfin in a research report on Monday, June 25th. They issued a “buy” rating on the stock. Goldman Sachs Group lowered Redfin from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a research report on Monday, June 18th. Finally, DA Davidson set a $28.00 price target on Redfin and gave the stock a “buy” rating in a research report on Tuesday, May 22nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.58.

Redfin opened at $23.14 on Friday, MarketBeat.com reports. Redfin has a 12-month low of $19.18 and a 12-month high of $31.50. The firm has a market capitalization of $1.86 billion and a PE ratio of -115.70.

Redfin (NASDAQ:RDFN) last posted its earnings results on Thursday, August 9th. The company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The business had revenue of $142.60 million for the quarter, compared to the consensus estimate of $140.12 million. The business’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. research analysts anticipate that Redfin will post -0.27 earnings per share for the current fiscal year.

In other Redfin news, insider Bridget Frey sold 5,000 shares of Redfin stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $25.03, for a total transaction of $125,150.00. Following the transaction, the insider now directly owns 14,583 shares in the company, valued at $365,012.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Christopher John Nielsen sold 10,000 shares of Redfin stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $21.69, for a total value of $216,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,560 shares of company stock worth $1,572,611. Corporate insiders own 8.80% of the company’s stock.

Redfin Company Profile

Redfin Corporation operates as a real estate brokerage company in the United States. The company operates 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; originates and sells mortgages; and buys and sells residential properties.

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Insider Buying and Selling by Quarter for Redfin (NASDAQ:RDFN)

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