In a report released today, Brent Thill from Jefferies reiterated a Buy rating on Redfin Corp (NASDAQ: RDFN), with a price target of $25. The company’s shares opened today at $19.24, close to its 52-week low of $18.66.
According to TipRanks.com, Thill is a top 100 analyst with an average return of 18.4% and a 74.8% success rate. Thill covers the Technology sector, focusing on stocks such as IAC/InterActiveCorp, Match Group Inc, and Alphabet Inc.
Redfin Corp has an analyst consensus of Hold, with a price target consensus of $24, implying a 24.7% upside from current levels. In a report released today, Cowen & Co. also reiterated a Buy rating on the stock with a $28 price target.
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Based on Redfin Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $3.21 million. In comparison, last year the company had a net profit of $4.3 million.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RDFN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Redfin Corp. is a technology-powered residential real estate brokerage, which engages in buying and selling homes. It operates through Real Estate and Other segments. The Real Estate segment consists of real estate transactions.
