Redfin Corp (NASDAQ:RDFN) – Analysts at KeyCorp issued their FY2017 earnings per share (EPS) estimates for shares of Redfin in a research note issued to investors on Monday. KeyCorp analyst B. Erickson expects that the company will earn ($0.21) per share for the year. KeyCorp has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Redfin’s Q4 2017 earnings at ($0.03) EPS, Q1 2018 earnings at ($0.37) EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at ($0.03) EPS, FY2018 earnings at ($0.10) EPS, Q1 2019 earnings at ($0.40) EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.30 EPS and FY2019 earnings at $0.12 EPS.
A number of other analysts have also recently commented on RDFN. Piper Jaffray Companies started coverage on shares of Redfin in a report on Thursday, September 28th. They set a “neutral” rating and a $26.00 target price on the stock. William Blair started coverage on shares of Redfin in a report on Thursday, October 19th. They set an “outperform” rating on the stock. Royal Bank of Canada restated a “hold” rating and set a $28.00 target price on shares of Redfin in a report on Monday, October 30th. Oppenheimer dropped their target price on shares of Redfin from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Finally, Bank of America dropped their target price on shares of Redfin from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $25.20.
Redfin (NASDAQ:RDFN) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.12. The company had revenue of $109.50 million for the quarter, compared to analysts’ expectations of $110.62 million. Redfin’s quarterly revenue was up 35.0% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the stock. OxFORD Asset Management LLP bought a new position in Redfin in the 3rd quarter worth about $8,877,000. Zevenbergen Capital Investments LLC bought a new position in Redfin during the 3rd quarter valued at about $615,000. Dragoneer Investment Group LLC bought a new position in Redfin during the 3rd quarter valued at about $24,242,000. Baillie Gifford & Co. bought a new position in Redfin during the 3rd quarter valued at about $15,442,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in Redfin during the 3rd quarter valued at about $9,700,000. Institutional investors own 37.88% of the company’s stock.
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Redfin Company Profile
Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.
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