Needham analyst Brad Erickson assigned a Hold rating to Redfin (RDFN) today. The company’s shares closed last Tuesday at $26.20.
According to TipRanks.com, Erickson is a 4-star analyst with an average return of 6.4% and a 51.2% success rate. Erickson covers the Technology sector, focusing on stocks such as Fiverr International, ANGI Homeservices, and Uber Technologies.
Redfin has an analyst consensus of Moderate Buy, with a price target consensus of $24.22, a -5.9% downside from current levels. In a report issued on May 11, Susquehanna also downgraded the stock to Hold with a $24.00 price target.
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The company has a one-year high of $32.77 and a one-year low of $9.63. Currently, Redfin has an average volume of 1.91M.
Based on the recent corporate insider activity of 69 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. 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.
