In a report released today, Thomas Champion from Piper Sandler reiterated a Sell rating on Redfin (RDFN – Research Report), with a price target of $4.00. The company’s shares closed yesterday at $7.16.
Champion covers the Communication Services sector, focusing on stocks such as Pinterest, Alphabet Class A, and Meta Platforms. According to TipRanks, Champion has an average return of -0.1% and a 46.36% success rate on recommended stocks.
In addition to Piper Sandler, Redfin also received a Sell from Bank of America Securities’s Curtis Nagle in a report issued yesterday. However, today, Needham maintained a Hold rating on Redfin (NASDAQ: RDFN).
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RDFN market cap is currently $794M and has a P/E ratio of -4.45.
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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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