Wedbush analyst Jay McCanless reiterated a Hold rating on Redfin (RDFN – Research Report) today and set a price target of $8.00. The company’s shares opened today at $6.50.
According to TipRanks, McCanless is a 5-star analyst with an average return of 22.6% and a 71.56% success rate. McCanless covers the Consumer Cyclical sector, focusing on stocks such as Toll Brothers, Meritage, and Tri Pointe.
In addition to Wedbush, Redfin also received a Hold from D.A. Davidson’s Tom White in a report issued today. However, on the same day, Piper Sandler reiterated a Sell rating on Redfin (NASDAQ: RDFN).
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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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