Piper Jaffray analyst Jason Deleeuw reiterated a Hold rating on Redfin Corp (NASDAQ: RDFN) on August 10 and set a price target of $20. The company’s shares closed on Friday at $17.96, close to its 52-week low of $17.74.
According to TipRanks.com, Deleeuw is a 4-star analyst with an average return of 9.8% and a 65.5% success rate. Deleeuw covers the Financial sector, focusing on stocks such as Cannae Holdings Inc, American Express, and Re/Max Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Redfin Corp with a $22.67 average price target, representing a 26.2% upside. In a report issued on August 10, D.A. Davidson also downgraded the stock to Hold with a $22 price target.
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The company has a one-year high of $31.50 and a one-year low of $17.74. Currently, Redfin Corp has an average volume of 1.44M.
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.
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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.
