B. Riley Comments on Redfin’s FY2028 Earnings (NASDAQ:RDFN)

Redfin Co. (NASDAQ:RDFN) – Investment analysts at B. Riley increased their FY2028 earnings per share (EPS) estimates for Redfin in a note issued to investors on Monday, November 11th. B. Riley analyst N. Khan now expects that the company will post earnings per share of $0.29 for the year, up from their prior estimate of $0.28. B. Riley currently has a “Buy” rating and a $15.00 target price on the stock. The consensus estimate for Redfin’s current full-year earnings is ($1.15) per share.

A number of other research analysts have also recently commented on the company. Needham & Company LLC restated a “hold” rating on shares of Redfin in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on Redfin from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday. Susquehanna boosted their target price on Redfin from $7.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday. Jefferies Financial Group raised their price objective on Redfin from $7.50 to $11.50 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Wedbush increased their price target on Redfin from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.23.

Redfin Price Performance

NASDAQ:RDFN opened at $9.35 on Wednesday. The business has a 50 day moving average of $11.17 and a 200 day moving average of $8.60. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -7.30 and a beta of 2.70. Redfin has a 1-year low of $5.10 and a 1-year high of $15.29.

Redfin (NASDAQ:RDFN) last announced its earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The company had revenue of $278.02 million during the quarter, compared to the consensus estimate of $280.21 million. During the same quarter last year, the firm posted ($0.17) earnings per share.

Institutional Investors Weigh In On Redfin

Several hedge funds have recently made changes to their positions in RDFN. Susquehanna Fundamental Investments LLC increased its holdings in Redfin by 98.9% in the second quarter. Susquehanna Fundamental Investments LLC now owns 89,244 shares of the company’s stock valued at $536,000 after buying an additional 44,377 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Redfin by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 19,191,434 shares of the company’s stock worth $127,623,000 after purchasing an additional 1,953,127 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Redfin during the 1st quarter worth approximately $58,000. SG Americas Securities LLC purchased a new position in shares of Redfin during the 3rd quarter worth approximately $616,000. Finally, Jacobs Levy Equity Management Inc. increased its stake 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 purchasing an additional 445,486 shares in the last quarter. Institutional investors and hedge funds own 61.07% of the company’s stock.

Insider Activity at Redfin

In other news, insider Christian John Taubman sold 3,632 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $9.25, for a total transaction of $33,596.00. Following the sale, the insider now owns 71,720 shares of the company’s stock, valued at approximately $663,410. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is currently owned by insiders.

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.