Clarius Group LLC Trims Position in Redfin Corporation (NASDAQ:RDFN)

Clarius Group LLC decreased its position in shares of Redfin Corporation (NASDAQ:RDFN - Free Report) by 82.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,580 shares of the company's stock after selling 109,320 shares during the quarter. Clarius Group LLC's holdings in Redfin were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in Redfin by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 3,079,813 shares of the company's stock valued at $24,243,000 after acquiring an additional 56,865 shares during the period. Two Sigma Advisers LP grew its stake in Redfin by 17.4% in the 4th quarter. Two Sigma Advisers LP now owns 2,524,100 shares of the company's stock valued at $19,865,000 after acquiring an additional 374,200 shares during the period. Northern Trust Corp grew its stake in Redfin by 11.0% in the 4th quarter. Northern Trust Corp now owns 1,147,666 shares of the company's stock valued at $9,032,000 after acquiring an additional 113,466 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Redfin by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,021,905 shares of the company's stock valued at $8,042,000 after acquiring an additional 23,621 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Redfin by 89.0% in the 4th quarter. JPMorgan Chase & Co. now owns 616,923 shares of the company's stock valued at $4,855,000 after acquiring an additional 290,545 shares during the period. Institutional investors and hedge funds own 61.07% of the company's stock.

Redfin Stock Performance

Shares of NASDAQ RDFN traded up $0.30 during trading on Monday, hitting $11.54. 4,330,258 shares of the company were exchanged, compared to its average volume of 6,623,115. Redfin Corporation has a 12-month low of $5.49 and a 12-month high of $15.29. The company has a fifty day moving average price of $9.75 and a 200-day moving average price of $9.02. The firm has a market capitalization of $1.48 billion, a PE ratio of -7.54 and a beta of 2.38.

Redfin (NASDAQ:RDFN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.69) by ($0.04). The firm had revenue of $221.03 million during the quarter, compared to analyst estimates of $220.89 million. During the same quarter in the previous year, the company posted ($0.57) EPS. The firm's revenue for the quarter was down 2.0% on a year-over-year basis. Research analysts anticipate that Redfin Corporation will post -1.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RDFN has been the topic of a number of research analyst reports. Stephens dropped their price target on shares of Redfin from $12.50 to $11.00 and set an "overweight" rating on the stock in a research note on Thursday, May 8th. Gordon Haskett raised shares of Redfin to a "hold" rating in a research note on Monday, March 10th. Zelman & Associates upgraded Redfin to a "strong-buy" rating in a report on Wednesday, March 5th. Susquehanna decreased their price objective on Redfin from $10.00 to $7.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Redfin from $7.00 to $12.50 and gave the company a "neutral" rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Redfin presently has an average rating of "Hold" and a consensus price target of $10.45.

Redfin Profile

Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates and sells mortgages.