Redfin (NASDAQ:RDFN) had its target price decreased by Stifel Nicolaus from $25.00 to $20.00 in a research note released on Friday morning, MarketBeat reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other equities analysts also recently issued reports on the stock. William Blair reaffirmed an outperform rating on shares of Redfin in a research note on Friday. DA Davidson downgraded shares of Redfin from a buy rating to a hold rating and set a $22.00 price target for the company. in a research note on Friday. BidaskClub downgraded shares of Redfin from a buy rating to a hold rating in a research note on Tuesday, August 7th. Zacks Investment Research downgraded shares of Redfin from a hold rating to a sell rating in a research note on Thursday, July 12th. Finally, Zelman & Associates initiated coverage on shares of Redfin in a research note on Monday, June 25th. They set a buy rating for the company. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Redfin currently has an average rating of Hold and an average target price of $25.08.

RDFN stock opened at $18.48 on Friday. Redfin has a 52-week low of $17.74 and a 52-week high of $31.50.

Redfin (NASDAQ:RDFN) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The firm had revenue of $142.60 million during the quarter, compared to the consensus estimate of $140.12 million. Redfin had a negative net margin of 15.12% and a negative return on equity of 10.83%. The company’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. research analysts expect that Redfin will post -0.27 earnings per share for the current fiscal year.

In other news, Director Selina Tobaccowala sold 10,570 shares of the stock in a transaction on Tuesday, May 29th. The shares were sold at an average price of $21.62, for a total transaction of $228,523.40. Following the completion of the sale, the director now directly owns 31,862 shares in the company, valued at $688,856.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Bridget Frey sold 5,000 shares of the stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $21.54, for a total transaction of $107,700.00. Following the sale, the chief technology officer now owns 42,083 shares of the company’s stock, valued at $906,467.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,560 shares of company stock valued at $1,355,711. 8.80% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Jasper Ridge Partners L.P. acquired a new stake in Redfin in the second quarter worth $373,000. Great West Life Assurance Co. Can acquired a new stake in Redfin in the second quarter worth $106,000. Brown Advisory Inc. grew its holdings in Redfin by 65.4% in the second quarter. Brown Advisory Inc. now owns 69,622 shares of the company’s stock worth $1,608,000 after purchasing an additional 27,520 shares during the period. Institute for Wealth Management LLC. grew its holdings in Redfin by 14.9% in the second quarter. Institute for Wealth Management LLC. now owns 19,749 shares of the company’s stock worth $456,000 after purchasing an additional 2,559 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Redfin by 181.0% in the second quarter. Janus Henderson Group PLC now owns 817,083 shares of the company’s stock worth $18,866,000 after purchasing an additional 526,356 shares during the period. Institutional investors own 74.80% of the company’s stock.

Redfin Company Profile

Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties.

See Also: Closed-End Mutual Funds

Analyst Recommendations for Redfin (NASDAQ:RDFN)

Receive News & Ratings for Redfin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redfin and related companies with MarketBeat.com's FREE daily email newsletter.