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Jefferies Maintains a Hold Rating on Redfin (RDFN)

In a report issued on May 31, John Colantuoni from Jefferies maintained a Hold rating on Redfin (RDFNResearch Report), with a price target of $10.00. The company’s shares closed last Friday at $9.59, close to its 52-week low of $8.65.

According to TipRanks.com, Colantuoni ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -25.3% and a 21.9% success rate. Colantuoni covers the Consumer Goods sector, focusing on stocks such as ACV Auctions, Mercadolibre, and Carvana Co.

Currently, the analyst consensus on Redfin is a Hold with an average price target of $15.82, which is a 59.6% upside from current levels. In a report issued on May 18, Needham also maintained a Hold rating on the stock.

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The company has a one-year high of $65.41 and a one-year low of $8.65. Currently, Redfin has an average volume of 2.76M.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RDFN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Redfin Corp. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.

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