Shares of Redfin Corporation (NASDAQ:RDFN) traded up 0% during mid-day trading on Thursday . The company traded as high as $23.30 and last traded at $23.20. 1,130,902 shares were traded during mid-day trading, an increase of 105% from the average session volume of 552,794 shares. The stock had previously closed at $23.20.

A number of analysts have issued reports on the company. Royal Bank Of Canada assumed coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued a “sector perform” rating and a $28.00 price target on the stock. Oppenheimer Holdings, Inc. assumed coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued an “outperform” rating and a $31.00 price target on the stock. Stifel Nicolaus assumed coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued a “hold” rating and a $24.00 price target on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $28.00 price target on shares of Redfin Corporation in a research note on Tuesday, August 22nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $26.86.

Redfin Corporation (NASDAQ:RDFN) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $109.50 million during the quarter, compared to analyst estimates of $110.62 million. The firm’s quarterly revenue was up 35.0% on a year-over-year basis. sell-side analysts forecast that Redfin Corporation will post -0.19 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. acquired a new position in Redfin Corporation during the 3rd quarter worth approximately $15,442,000. First Trust Advisors LP acquired a new position in Redfin Corporation during the 3rd quarter worth approximately $1,548,000. Nationwide Fund Advisors acquired a new position in Redfin Corporation during the 3rd quarter worth approximately $285,000. Wells Fargo & Company MN acquired a new position in Redfin Corporation during the 3rd quarter worth approximately $158,000. Finally, Zevenbergen Capital Investments LLC acquired a new position in Redfin Corporation during the 3rd quarter worth approximately $615,000. 0.97% of the stock is currently owned by hedge funds and other institutional investors.

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About Redfin Corporation

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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