Equities researchers at Macquarie started coverage on shares of Redfin (NASDAQ:RDFN) in a note issued to investors on Monday, The Fly reports. The brokerage set a “neutral” rating on the stock.

Other equities research analysts have also issued research reports about the stock. BidaskClub upgraded shares of Redfin from a “hold” rating to a “buy” rating in a research note on Tuesday, July 24th. Zelman & Associates initiated coverage on shares of Redfin in a research note on Monday, June 25th. They issued a “buy” rating on the stock. DA Davidson set a $28.00 target price on shares of Redfin and gave the company a “buy” rating in a research note on Tuesday, May 22nd. Stifel Nicolaus cut their target price on shares of Redfin from $25.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of Redfin from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.55.

Shares of RDFN stock opened at $19.30 on Monday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of -96.50 and a beta of -2.90. Redfin has a 12 month low of $16.69 and a 12 month high of $31.50.

Redfin (NASDAQ:RDFN) last issued its earnings results on Thursday, August 9th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $142.60 million for the quarter, compared to analyst estimates of $140.12 million. Redfin had a negative net margin of 15.12% and a negative return on equity of 10.83%. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 EPS. equities analysts expect that Redfin will post -0.41 earnings per share for the current fiscal year.

In other Redfin news, insider Adam Wiener sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $22.39, for a total value of $223,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bridget Frey sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $22.36, for a total transaction of $111,800.00. Following the completion of the transaction, the insider now owns 253,929 shares of the company’s stock, valued at approximately $5,677,852.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,710 shares of company stock valued at $1,006,644. Insiders own 8.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of RDFN. Great West Life Assurance Co. Can bought a new position in Redfin in the 2nd quarter worth about $106,000. Caption Management LLC bought a new position in Redfin in the 2nd quarter worth about $191,000. Perkins Coie Trust Co grew its position in Redfin by 52.4% in the 2nd quarter. Perkins Coie Trust Co now owns 8,648 shares of the company’s stock worth $200,000 after purchasing an additional 2,972 shares during the last quarter. Bluestein R H & Co. bought a new position in Redfin in the 1st quarter worth about $208,000. Finally, Teacher Retirement System of Texas bought a new position in Redfin in the 2nd quarter worth about $211,000. Hedge funds and other institutional investors own 76.69% 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.

See Also: Moving Average (MA)

The Fly

Analyst Recommendations for Redfin (NASDAQ:RDFN)

Receive News & Ratings for Redfin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redfin and related companies with MarketBeat.com's FREE daily email newsletter.