Clarius Group LLC Boosts Stake in Redfin Co. (NASDAQ:RDFN)

Clarius Group LLC lifted its stake in shares of Redfin Co. (NASDAQ:RDFN) by 49.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 134,554 shares of the company’s stock after buying an additional 44,532 shares during the quarter. Clarius Group LLC’s holdings in Redfin were worth $1,686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of RDFN. Vanguard Group Inc. boosted its holdings in Redfin by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 19,191,434 shares of the company’s stock worth $127,623,000 after buying an additional 1,953,127 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Redfin by 25.8% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,173,004 shares of the company’s stock worth $14,450,000 after acquiring an additional 445,486 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Redfin by 15.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 446,172 shares of the company’s stock worth $2,681,000 after acquiring an additional 59,689 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Redfin by 695.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 351,612 shares of the company’s stock worth $2,113,000 after acquiring an additional 307,396 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Redfin by 1.3% during the 1st quarter. Swiss National Bank now owns 227,500 shares of the company’s stock worth $1,513,000 after acquiring an additional 2,900 shares during the last quarter. Hedge funds and other institutional investors own 61.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. DA Davidson reiterated a “neutral” rating and issued a $7.25 target price on shares of Redfin in a research report on Wednesday, July 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Redfin in a research report on Wednesday, August 7th. B. Riley lifted their target price on shares of Redfin from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. decreased their target price on shares of Redfin from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Finally, Susquehanna decreased their target price on shares of Redfin from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Redfin presently has an average rating of “Hold” and a consensus price target of $7.88.

Insider Transactions at Redfin

In other news, insider Christian John Taubman sold 3,632 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $663,410. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.40% of the company’s stock.

Redfin Price Performance

RDFN stock traded up $0.17 during trading on Friday, hitting $10.22. 360,190 shares of the company’s stock traded hands, compared to its average volume of 5,502,901. Redfin Co. has a 52 week low of $4.26 and a 52 week high of $15.29. The business has a fifty day simple moving average of $10.31 and a 200 day simple moving average of $7.83.

Redfin (NASDAQ:RDFN) last released its earnings results on Tuesday, August 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.03. The firm had revenue of $295.20 million during the quarter, compared to the consensus estimate of $291.59 million. Redfin’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.25) EPS. Analysts anticipate that Redfin Co. will post -1.13 earnings per share for the current fiscal year.

Redfin 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.