Clarius Group LLC Sells 109,320 Shares of Redfin Corporation (NASDAQ:RDFN)

Clarius Group LLC cut its holdings in shares of Redfin Corporation (NASDAQ:RDFN - Free Report) by 82.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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.

Other hedge funds also recently made changes to their positions in the company. Two Sigma Advisers LP increased its holdings 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 buying an additional 374,200 shares during the period. JPMorgan Chase & Co. increased its stake in Redfin by 89.0% in the fourth 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 last quarter. GAMMA Investing LLC raised its position in Redfin by 839.2% during the first quarter. GAMMA Investing LLC now owns 164,877 shares of the company's stock valued at $1,519,000 after purchasing an additional 147,322 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Redfin during the fourth quarter valued at approximately $1,157,000. Finally, Point72 Asset Management L.P. bought a new stake in Redfin during the fourth quarter worth $1,018,000. 61.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RDFN. Citigroup boosted their price target on Redfin from $7.30 to $9.20 and gave the stock a "neutral" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. increased their target price on shares of Redfin from $7.00 to $12.50 and gave the stock a "neutral" rating in a report on Monday, March 24th. Royal Bank Of Canada lifted their price target on shares of Redfin from $8.00 to $12.50 and gave the company a "sector perform" rating in a report on Tuesday, April 15th. B. Riley cut shares of Redfin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Redfin in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $10.45.

Redfin Stock Up 3.9%

Shares of NASDAQ RDFN traded up $0.42 during trading on Friday, reaching $11.24. The company had a trading volume of 7,977,559 shares, compared to its average volume of 6,608,673. The stock has a market cap of $1.44 billion, a P/E ratio of -7.35 and a beta of 2.38. The company's fifty day moving average price is $9.64 and its 200-day moving average price is $9.01. Redfin Corporation has a 12 month low of $5.49 and a 12 month high of $15.29.

Redfin (NASDAQ:RDFN - Get Free Report) last announced its 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 company had revenue of $221.03 million during the quarter, compared to analyst estimates of $220.89 million. Redfin's revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.57) EPS. As a group, equities analysts predict that Redfin Corporation will post -1.25 earnings per share for the current year.

Redfin Company 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.