Redfin (RDFN) Receives News Impact Rating of 0.09

News articles about Redfin (NASDAQ:RDFN) have trended somewhat positive on Friday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Redfin earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.7703671613541 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

RDFN has been the subject of several research reports. Piper Jaffray Companies initiated coverage on shares of Redfin in a research note on Thursday, September 28th. They set a “neutral” rating and a $26.00 price target for the company. William Blair initiated coverage on shares of Redfin in a research note on Thursday, October 19th. They set an “outperform” rating for the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $28.00 price target on shares of Redfin in a research note on Monday, October 30th. Oppenheimer decreased their price target on shares of Redfin from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Finally, Bank of America decreased their price target on shares of Redfin from $28.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.20.

Redfin (NASDAQ RDFN) traded down $0.34 during trading hours on Friday, hitting $26.59. 139,838 shares of the company traded hands, compared to its average volume of 342,033. Redfin has a twelve month low of $19.29 and a twelve month high of $33.49. The company has a market capitalization of $2,190.00 and a PE ratio of -7.41.

Redfin (NASDAQ:RDFN) last released its earnings results on Thursday, November 9th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $109.50 million during the quarter, compared to the consensus estimate of $110.62 million. Redfin’s revenue was up 35.0% compared to the same quarter last year. analysts anticipate that Redfin will post -0.21 EPS for the current fiscal year.

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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.

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

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