In a report released yesterday, Jake Fuller from BTIG maintained a Hold rating on Redfin (RDFN – Research Report). The company’s shares opened today at $10.38.
Fuller covers the Consumer Cyclical sector, focusing on stocks such as Booking Holdings, TripAdvisor, and Airbnb. According to TipRanks, Fuller has an average return of 7.2% and a 51.29% success rate on recommended stocks.
Currently, the analyst consensus on Redfin is a Hold with an average price target of $6.94, implying a -33.14% downside from current levels. In a report released on December 20, Citi also maintained a Hold rating on the stock with a $10.50 price target.
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The company has a one-year high of $17.68 and a one-year low of $4.23. Currently, Redfin has an average volume of 5.62M.
Based on the recent corporate insider activity of 54 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. Most recently, in November 2023, KELMAN GLENN, the CEO of RDFN bought 211,111.00 shares for a total of $791,666.25.
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 (RDFN) Company Description:
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.
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