RBC Capital analyst Brad Erickson maintained a Hold rating on Redfin (RDFN – Research Report) on January 10 and set a price target of $10.00. The company’s shares closed yesterday at $8.99.
Erickson covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Carvana Co, and Expedia. According to TipRanks, Erickson has an average return of 19.9% and a 55.40% success rate on recommended stocks.
In addition to RBC Capital, Redfin also received a Hold from Jefferies’s John Colantuoni in a report issued on January 8. However, on January 10, Bank of America Securities maintained a Sell rating on Redfin (NASDAQ: RDFN).
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The company has a one-year high of $17.68 and a one-year low of $4.26. Currently, Redfin has an average volume of 5.87M.
Based on the recent corporate insider activity of 52 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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