14,328 Shares in Redfin Co. (NASDAQ:RDFN) Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC bought a new stake in Redfin Co. (NASDAQ:RDFN) during the 4th quarter, Holdings Channel.com reports. The fund bought 14,328 shares of the company’s stock, valued at approximately $113,000.

Other large investors have also added to or reduced their stakes in the company. Creative Planning grew its position in shares of Redfin by 8.1% in the 3rd quarter. Creative Planning now owns 15,826 shares of the company’s stock worth $198,000 after buying an additional 1,181 shares during the last quarter. Merit Financial Group LLC grew its holdings in Redfin by 10.7% in the fourth quarter. Merit Financial Group LLC now owns 15,848 shares of the company’s stock worth $125,000 after purchasing an additional 1,529 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of Redfin during the third quarter worth $25,000. Financial Advocates Investment Management lifted its holdings in shares of Redfin by 21.6% during the 3rd quarter. Financial Advocates Investment Management now owns 11,815 shares of the company’s stock valued at $148,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Redfin by 285.7% in the 3rd quarter. Blue Trust Inc. now owns 3,302 shares of the company’s stock worth $41,000 after purchasing an additional 2,446 shares in the last quarter. 61.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. The Goldman Sachs Group cut Redfin from a “neutral” rating to a “sell” rating and increased their price target for the company from $6.00 to $6.50 in a research note on Monday, November 18th. DA Davidson reiterated a “neutral” rating and issued a $7.25 target price on shares of Redfin in a research note on Tuesday, November 19th. Wedbush boosted their target price on shares of Redfin from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group raised their price target on shares of Redfin from $7.50 to $11.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Redfin from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.16.

Redfin Stock Performance

NASDAQ:RDFN opened at $8.24 on Thursday. The firm’s fifty day moving average is $8.50 and its two-hundred day moving average is $9.39. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -6.44 and a beta of 2.64. Redfin Co. has a one year low of $5.10 and a one year high of $15.29.

Redfin (NASDAQ:RDFN) last issued its earnings results on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). The firm had revenue of $278.02 million during the quarter, compared to analysts’ expectations of $280.21 million. During the same quarter last year, the firm earned ($0.17) EPS. As a group, equities research analysts predict that Redfin Co. will post -1.25 earnings per share for the current fiscal year.

Insider Activity

In other Redfin news, insider Anthony Ray Kappus sold 8,417 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $8.43, for a total transaction of $70,955.31. Following the transaction, the insider now owns 29,978 shares in the company, valued at approximately $252,714.54. This represents a 21.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christian John Taubman sold 16,333 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $8.44, for a total value of $137,850.52. Following the completion of the sale, the insider now owns 73,466 shares of the company’s stock, valued at $620,053.04. This trade represents a 18.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.40% of the company’s stock.

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.