BTIG analyst Jake Fuller maintained a Hold rating on Redfin (RDFN – Research Report) on January 5. The company’s shares closed last Friday at $9.21.
Fuller covers the Consumer Cyclical sector, focusing on stocks such as TripAdvisor, Airbnb, and Expedia. According to TipRanks, Fuller has an average return of 5.6% and a 49.57% success rate on recommended stocks.
Currently, the analyst consensus on Redfin is a Hold with an average price target of $6.94.
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Based on Redfin’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $268.96 million and a GAAP net loss of $18.97 million. In comparison, last year the company earned a revenue of $305.77 million and had a GAAP net loss of $90.25 million
Based on the recent corporate insider activity of 53 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.
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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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