Redfin Corp (RDFN) Now Covered by Analysts at Oppenheimer Holdings, Inc.
Stock analysts at Oppenheimer Holdings, Inc. assumed coverage on shares of Redfin Corp (NASDAQ:RDFN) in a report released on Tuesday. The brokerage set an “outperform” rating and a $31.00 price target on the stock. Oppenheimer Holdings, Inc.’s price target suggests a potential upside of 12.48% from the company’s current price.
Other research analysts have also issued research reports about the company. Bank of America Corporation reiterated a “neutral” rating and issued a $28.00 price target on shares of Redfin Corp in a research report on Tuesday. Stifel Nicolaus assumed coverage on Redfin Corp in a research report on Tuesday. They issued a “hold” rating and a $24.00 price target for the company. Royal Bank Of Canada assumed coverage on shares of Redfin Corp in a research note on Tuesday. They issued a “sector perform” rating and a $28.00 price objective for the company. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Redfin Corp in a research note on Tuesday. They issued a “neutral” rating and a $20.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.20.
Shares of Redfin Corp (RDFN) opened at 27.56 on Tuesday. Redfin Corp has a 52 week low of $19.29 and a 52 week high of $33.49. The company’s market cap is $1.94 billion. The firm’s 50-day moving average price is $24.65 and its 200 day moving average price is $24.65.
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In other news, major shareholder Tiger Global Management Llc acquired 260,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was acquired at an average price of $15.00 per share, with a total value of $3,900,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Redfin Corp Company Profile
Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.
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