Redfin Co. (NASDAQ:RDFN) Shares Bought by Creative Planning

Creative Planning boosted its stake in shares of Redfin Co. (NASDAQ:RDFN) by 8.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,826 shares of the company’s stock after buying an additional 1,181 shares during the period. Creative Planning’s holdings in Redfin were worth $198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDFN. Mather Group LLC. raised its position in Redfin by 282.1% in the second quarter. Mather Group LLC. now owns 3,821 shares of the company’s stock valued at $25,000 after purchasing an additional 2,821 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Redfin by 205.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,608 shares of the company’s stock valued at $31,000 after purchasing an additional 3,101 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Redfin in the 1st quarter valued at about $58,000. Algert Global LLC acquired a new stake in shares of Redfin in the 2nd quarter valued at about $72,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Redfin in the 1st quarter valued at about $89,000. Institutional investors and hedge funds own 61.07% of the company’s stock.

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 sale, the insider now owns 71,720 shares in the company, valued at approximately $663,410. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is owned by insiders.

Redfin Price Performance

NASDAQ RDFN opened at $9.85 on Tuesday. The business has a 50 day moving average price of $11.18 and a 200 day moving average price of $8.57. The company has a market capitalization of $1.20 billion, a P/E ratio of -7.70 and a beta of 2.70. Redfin Co. 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). The business had revenue of $278.02 million during the quarter, compared to analysts’ expectations of $280.21 million. During the same quarter in the previous year, the business posted ($0.17) EPS. On average, research analysts expect that Redfin Co. will post -1.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RDFN has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on Redfin from $7.50 to $11.50 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Redfin in a research report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their price objective on Redfin from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Wedbush increased their price objective on Redfin from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Susquehanna increased their target price on Redfin from $7.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.13.

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.