B. Riley Comments on Redfin’s FY2028 Earnings (NASDAQ:RDFN)

Redfin Co. (NASDAQ:RDFN) – Investment analysts at B. Riley upped their FY2028 EPS estimates for Redfin in a research report issued to clients and investors on Monday, November 11th. B. Riley analyst N. Khan now forecasts that the company will earn $0.29 per share for the year, up from their previous forecast of $0.28. B. Riley currently has a “Buy” rating and a $15.00 price objective on the stock. The consensus estimate for Redfin’s current full-year earnings is ($1.18) per share.

A number of other equities analysts have also weighed in on RDFN. Needham & Company LLC reissued a “hold” rating on shares of Redfin in a research report on Wednesday, August 7th. Wedbush boosted their price objective on shares of Redfin from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Susquehanna boosted their price objective on shares of Redfin from $7.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday. Jefferies Financial Group boosted their price objective on shares of Redfin from $7.50 to $11.50 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Redfin from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Redfin presently has an average rating of “Hold” and a consensus price target of $9.23.

Redfin Price Performance

Shares of NASDAQ RDFN opened at $8.71 on Wednesday. Redfin has a 12-month low of $5.10 and a 12-month high of $15.29. The company has a market capitalization of $1.08 billion, a PE ratio of -6.80 and a beta of 2.70. The firm’s 50-day moving average is $11.14 and its two-hundred day moving average is $8.60.

Redfin (NASDAQ:RDFN) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The business had revenue of $278.02 million for the quarter, compared to the consensus estimate of $280.21 million. During the same quarter in the previous year, the business earned ($0.17) earnings per share.

Institutional Investors Weigh In On Redfin

Large investors have recently made changes to their positions in the business. Mather Group LLC. grew its holdings in Redfin by 282.1% during the 2nd quarter. Mather Group LLC. now owns 3,821 shares of the company’s stock valued at $25,000 after purchasing an additional 2,821 shares in the last quarter. Hollencrest Capital Management acquired a new position in Redfin during the 3rd quarter worth $25,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Redfin by 205.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,608 shares of the company’s stock valued at $31,000 after buying an additional 3,101 shares during the period. Blue Trust Inc. boosted its holdings in shares of Redfin by 285.7% in the 3rd quarter. Blue Trust Inc. now owns 3,302 shares of the company’s stock valued at $41,000 after buying an additional 2,446 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Redfin in the 3rd quarter valued at about $47,000. Institutional investors and hedge funds own 61.07% of the company’s stock.

Insider Buying and Selling

In other news, insider Christian John Taubman sold 3,632 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $9.25, for a total value of $33,596.00. Following the completion of the sale, the insider now owns 71,720 shares of the company’s stock, valued at $663,410. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.40% of the stock is currently owned by company insiders.

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.