Bamco Inc. NY purchased a new stake in Redfin Corp (NASDAQ:RDFN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,000 shares of the company’s stock, valued at approximately $753,000.

A number of other institutional investors also recently made changes to their positions in the business. Advisor Group Inc. acquired a new stake in shares of Redfin in the third quarter valued at approximately $129,000. SG Americas Securities LLC acquired a new stake in shares of Redfin in the third quarter valued at approximately $139,000. Wells Fargo & Company MN acquired a new stake in shares of Redfin in the third quarter valued at approximately $158,000. FNY Partners Fund LP acquired a new stake in shares of Redfin in the third quarter valued at approximately $175,000. Finally, American International Group Inc. acquired a new stake in shares of Redfin in the third quarter valued at approximately $181,000. Institutional investors own 37.88% of the company’s stock.

Shares of Redfin Corp (NASDAQ:RDFN) opened at $26.01 on Friday. Redfin Corp has a fifty-two week low of $19.29 and a fifty-two week high of $33.49.

Redfin (NASDAQ:RDFN) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.12 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. The company had revenue of $109.50 million for the quarter, compared to analyst estimates of $110.62 million. The firm’s revenue was up 35.0% compared to the same quarter last year. equities research analysts anticipate that Redfin Corp will post -0.2 EPS for the current year.

RDFN has been the subject of several research analyst reports. Royal Bank of Canada reissued a “hold” rating and issued a $28.00 price objective on shares of Redfin in a report on Monday, October 30th. William Blair began coverage on Redfin in a report on Thursday, October 19th. They set an “outperform” rating for the company. Zacks Investment Research raised Redfin from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, November 15th. Bank of America decreased their price target on Redfin from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, November 10th. Finally, Goldman Sachs Group began coverage on Redfin in a report on Tuesday, August 22nd. They set a “neutral” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $25.20.

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Redfin 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.

Institutional Ownership by Quarter for Redfin (NASDAQ:RDFN)

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