What is B. Riley’s Estimate for Redfin FY2028 Earnings?

Redfin Co. (NASDAQ:RDFN) – Investment analysts at B. Riley lifted their FY2028 earnings per share estimates for Redfin in a research note issued to investors on Monday, November 11th. B. Riley analyst N. Khan now anticipates that the company will earn $0.29 per share for the year, up from their previous forecast of $0.28. B. Riley has a “Buy” rating and a $15.00 price objective on the stock. The consensus estimate for Redfin’s current full-year earnings is ($1.18) per share.

Redfin (NASDAQ:RDFN) last announced 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 company had revenue of $278.02 million during the quarter, compared to the consensus estimate of $280.21 million. During the same period in the previous year, the company posted ($0.17) EPS.

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

Redfin Price Performance

Redfin stock opened at $8.79 on Wednesday. Redfin has a one year low of $5.10 and a one year high of $15.29. The stock has a market capitalization of $1.09 billion, a PE ratio of -6.87 and a beta of 2.70. The business’s fifty day moving average is $11.15 and its 200 day moving average is $8.60.

Insider Buying and Selling at Redfin

In other Redfin news, insider Christian John Taubman sold 3,632 shares of the 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 transaction, the insider now owns 71,720 shares of the company’s stock, valued at $663,410. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Redfin

A number of hedge funds have recently bought and sold shares of RDFN. Vanguard Group Inc. grew its position in Redfin by 11.3% in the first 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 last quarter. Assenagon Asset Management S.A. boosted its holdings in Redfin by 210.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,092,371 shares of the company’s stock valued at $13,687,000 after acquiring an additional 740,759 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Redfin by 476.6% in the third quarter. BNP Paribas Financial Markets now owns 799,523 shares of the company’s stock valued at $10,018,000 after buying an additional 660,872 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Redfin by 25.8% in the first 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. Finally, Charles Schwab Investment Management Inc. raised its position in Redfin by 10.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 998,284 shares of the company’s stock worth $12,508,000 after purchasing an additional 92,023 shares in the last quarter. 61.07% of the stock is currently owned by institutional investors and hedge funds.

About Redfin

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.