Redfin (NASDAQ:RDFN) Upgraded at Gordon Haskett

Gordon Haskett upgraded shares of Redfin (NASDAQ:RDFN) to a hold rating in a research report report published on Monday,Zacks.com reports.

RDFN has been the topic of a number of other reports. Citigroup decreased their price objective on shares of Redfin from $10.50 to $9.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Zelman & Associates raised Redfin to a “strong-buy” rating in a research report on Wednesday, March 5th. Needham & Company LLC reiterated a “hold” rating on shares of Redfin in a research note on Tuesday. B. Riley downgraded Redfin from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Piper Sandler raised shares of Redfin from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $4.00 to $12.50 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.48.

Redfin Trading Up 6.4 %

Shares of RDFN stock opened at $10.38 on Monday. The stock has a market cap of $1.31 billion, a P/E ratio of -8.11 and a beta of 2.90. The stock has a 50 day simple moving average of $7.97 and a 200 day simple moving average of $9.42. Redfin has a 1 year low of $5.10 and a 1 year high of $15.29.

Insider Transactions at Redfin

In other Redfin news, insider Christian John Taubman sold 16,333 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $8.44, for a total transaction of $137,850.52. Following the transaction, the insider now owns 73,466 shares of the company’s stock, valued at approximately $620,053.04. This trade represents a 18.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.40% of the company’s stock.

Institutional Trading of Redfin

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hennessy Advisors Inc. acquired a new position in Redfin during the 4th quarter valued at about $40,109,000. Geode Capital Management LLC lifted 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 buying an additional 56,865 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Redfin by 17.4% during the 4th quarter. Two Sigma Advisers LP now owns 2,524,100 shares of the company’s stock worth $19,865,000 after purchasing an additional 374,200 shares during the last quarter. Northern Trust Corp raised its holdings 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 last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings 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 buying an additional 23,621 shares in the last quarter. Institutional investors own 61.07% of the company’s stock.

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.