In a report released today, Bernie McTernan from Needham maintained a Hold rating on Redfin (RDFN – Research Report). The company’s shares closed yesterday at $7.16.
McTernan covers the Communication Services sector, focusing on stocks such as DoorDash, Zillow Group Class C, and Shutterstock. According to TipRanks, McTernan has an average return of -3.6% and a 43.82% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Redfin with a $8.08 average price target.
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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
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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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