Stifel Financial Corp trimmed its position in Redfin Co. (NASDAQ:RDFN - Free Report) by 65.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,461 shares of the company's stock after selling 38,107 shares during the period. Stifel Financial Corp's holdings in Redfin were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in RDFN. R Squared Ltd acquired a new position in Redfin during the fourth quarter valued at $33,000. US Bancorp DE grew its holdings in Redfin by 48.3% during the fourth quarter. US Bancorp DE now owns 5,522 shares of the company's stock worth $43,000 after acquiring an additional 1,799 shares during the period. Blue Trust Inc. lifted its holdings in Redfin by 76.3% in the fourth quarter. Blue Trust Inc. now owns 5,822 shares of the company's stock valued at $46,000 after acquiring an additional 2,520 shares during the period. AlphaQuest LLC grew its stake in shares of Redfin by 87.8% during the 4th quarter. AlphaQuest LLC now owns 7,086 shares of the company's stock worth $56,000 after purchasing an additional 3,312 shares during the period. Finally, Strategic Investment Solutions Inc. IL increased its holdings in shares of Redfin by 18,368.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 9,234 shares of the company's stock valued at $73,000 after purchasing an additional 9,184 shares in the last quarter. 61.07% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on RDFN. Benchmark reissued a "mixed" rating on shares of Redfin in a report on Monday. Piper Sandler upgraded shares of Redfin from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $4.00 to $12.50 in a research report on Tuesday, March 11th. B. Riley lowered shares of Redfin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 10th. Gordon Haskett upgraded Redfin to a "hold" rating in a research note on Monday, March 10th. Finally, Stephens reduced their price target on Redfin from $12.50 to $11.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.45.
Read Our Latest Analysis on Redfin
Redfin Stock Down 6.7%
Shares of NASDAQ:RDFN opened at $9.57 on Thursday. Redfin Co. has a 52-week low of $5.49 and a 52-week high of $15.29. The stock has a market cap of $1.23 billion, a P/E ratio of -7.48 and a beta of 2.50. The business has a fifty day moving average of $9.55 and a two-hundred day moving average of $8.88.
Redfin (NASDAQ:RDFN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.69) by ($0.04). The firm had revenue of $221.03 million for the quarter, compared to analysts' expectations of $220.89 million. During the same quarter last year, the firm posted ($0.57) earnings per share. The company's revenue was down 2.0% on a year-over-year basis. On average, equities analysts anticipate that Redfin Co. will post -1.25 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Christian John Taubman sold 16,209 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $11.15, for a total value of $180,730.35. Following the completion of the transaction, the insider now directly owns 74,616 shares in the company, valued at approximately $831,968.40. This represents a 17.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.40% of the stock is owned by insiders.
Redfin Company Profile
(
Free Report)
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.
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