Redfin Corporation (RDFN) Earns News Impact Rating of 0.14

News headlines about Redfin Corporation (NASDAQ:RDFN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Redfin Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.5985810230837 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of research firms have issued reports on RDFN. Stifel Nicolaus began coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued a “hold” rating and a $24.00 target price on the stock. Oppenheimer Holdings, Inc. began coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued an “outperform” rating and a $31.00 target price on the stock. Goldman Sachs Group, Inc. (The) began coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued a “neutral” rating and a $20.00 target price on the stock. Piper Jaffray Companies began coverage on Redfin Corporation in a research note on Thursday, September 28th. They issued a “neutral” rating and a $26.00 target price on the stock. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $28.00 target price on shares of Redfin Corporation in a research note on Tuesday, August 22nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Redfin Corporation presently has a consensus rating of “Hold” and an average price target of $26.86.

Shares of Redfin Corporation (RDFN) traded up 0.98% on Wednesday, hitting $25.59. The stock had a trading volume of 50,028 shares. The company’s market cap is $1.80 billion. The firm has a 50 day moving average price of $25.42 and a 200-day moving average price of $25.14. Redfin Corporation has a 52 week low of $19.29 and a 52 week high of $33.49.

Redfin Corporation (NASDAQ:RDFN) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $104.90 million for the quarter, compared to analyst estimates of $104.78 million. Redfin Corporation’s revenue was up 35.0% compared to the same quarter last year. Analysts anticipate that Redfin Corporation will post ($0.16) EPS for the current year.

In related news, major shareholder Tiger Global Management Llc purchased 260,000 shares of Redfin Corporation stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average cost of $15.00 per share, with a total value of $3,900,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and

A number of research firms have issued reports on RDFN. Stifel Nicolaus began coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued a “hold” rating and a $24.00 target price on the stock. Oppenheimer Holdings, Inc. began coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued an “outperform” rating and a $31.00 target price on the stock. Goldman Sachs Group, Inc. (The) began coverage on Redfin Corporation in a research note on Tuesday, August 22nd. They issued a “neutral” rating and a $20.00 target price on the stock. Piper Jaffray Companies began coverage on Redfin Corporation in a research note on Thursday, September 28th. They issued a “neutral” rating and a $26.00 target price on the stock. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $28.00 target price on shares of Redfin Corporation in a research note on Tuesday, August 22nd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Redfin Corporation presently has a consensus rating of “Hold” and an average price target of $26.86.

Shares of Redfin Corporation (RDFN) traded up 0.98% on Wednesday, hitting $25.59. The stock had a trading volume of 50,028 shares. The company’s market cap is $1.80 billion. The firm has a 50 day moving average price of $25.42 and a 200-day moving average price of $25.14. Redfin Corporation has a 52 week low of $19.29 and a 52 week high of $33.49.

Redfin Corporation (NASDAQ:RDFN) last issued its quarterly earnings results on Thursday, September 7th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $104.90 million for the quarter, compared to analyst estimates of $104.78 million. Redfin Corporation’s revenue was up 35.0% compared to the same quarter last year. Analysts anticipate that Redfin Corporation will post ($0.16) EPS for the current year.

In related news, major shareholder Tiger Global Management Llc purchased 260,000 shares of Redfin Corporation stock in a transaction that occurred on Friday, July 28th. The stock was purchased at an average cost of $15.00 per share, with a total value of $3,900,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/redfin-corporation-rdfn-earns-news-impact-rating-of-0-14.html.

Redfin Corporation 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.

Insider Buying and Selling by Quarter for Redfin Corporation (NASDAQ:RDFN)

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