Redfin (RDFN) Receives a Hold from Stifel Nicolaus
In a report released today, John Egbert from Stifel Nicolaus maintained a Hold rating on Redfin (RDFN), with a price target of $40.00. The company’s shares closed last Friday at $39.90, close to its 52-week high of $44.00.
According to TipRanks.com, Egbert is a 5-star analyst with an average return of 20.3% and a 58.0% success rate. Egbert covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Spotify Technology SA, and Criteo SA.
Redfin has an analyst consensus of Hold, with a price target consensus of $36.80, a -12.2% downside from current levels. In a report released today, Needham also assigned a Hold rating to the stock.
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The company has a one-year high of $44.00 and a one-year low of $9.63. Currently, Redfin has an average volume of 1.48M.
Based on the recent corporate insider activity of 68 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.