Redfin (RDFN) received a Hold rating from Needham analyst Bernie McTernan yesterday. The company’s shares closed last Monday at $71.85.
According to TipRanks.com, McTernan is a 4-star analyst with an average return of 21.6% and a 70.4% success rate. McTernan covers the Services sector, focusing on stocks such as Charter Communications, Penn National Gaming, and Peloton Interactive.
Currently, the analyst consensus on Redfin is a Moderate Buy with an average price target of $86.13, a 30.8% upside from current levels. In a report issued on April 21, BTIG also maintained a Hold rating on the stock.
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Redfin’s market cap is currently $7.42B and has a P/E ratio of -226.30. The company has a Price to Book ratio of 11.69.
Based on the recent corporate insider activity of 77 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. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.
