Redfin (NASDAQ:RDFN) Stock Rating Upgraded by Gordon Haskett

Redfin (NASDAQ:RDFN) was upgraded by Gordon Haskett to a “hold” rating in a report issued on Monday,Zacks.com reports.

RDFN has been the topic of several other reports. Citigroup dropped their price target on Redfin from $10.50 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Susquehanna dropped their target price on Redfin from $10.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. JPMorgan Chase & Co. dropped their target price on Redfin from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. B. Riley lowered Redfin from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, The Goldman Sachs Group lowered Redfin from a “neutral” rating to a “sell” rating and upped their target price for the stock from $6.00 to $6.50 in a research report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.48.

Redfin Trading Up 6.4 %

NASDAQ:RDFN opened at $10.38 on Monday. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -8.11 and a beta of 2.90. Redfin has a 1-year low of $5.10 and a 1-year high of $15.29. The business’s fifty day moving average price is $7.97 and its 200 day moving average price is $9.42.

Insider Transactions at Redfin

In other Redfin news, insider Christian John Taubman sold 16,333 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $8.44, for a total value of $137,850.52. Following the sale, the insider now owns 73,466 shares of the company’s stock, valued at $620,053.04. This trade represents a 18.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Redfin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Redfin in the 4th quarter valued at approximately $27,000. R Squared Ltd acquired a new stake in shares of Redfin during the 4th quarter worth approximately $33,000. US Bancorp DE grew its holdings in shares of Redfin by 48.3% during the 4th quarter. US Bancorp DE now owns 5,522 shares of the company’s stock worth $43,000 after purchasing an additional 1,799 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Redfin by 76.3% during the 4th quarter. Blue Trust Inc. now owns 5,822 shares of the company’s stock worth $46,000 after purchasing an additional 2,520 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Redfin during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 61.07% of the company’s stock.

Redfin Company Profile

Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates and sells mortgages.