35,084 Shares in Redfin Co. (NASDAQ:RDFN) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Redfin Co. (NASDAQ:RDFN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 35,084 shares of the company’s stock, valued at approximately $276,000.

Several other large investors have also made changes to their positions in the company. CAP Partners LLC raised its position in shares of Redfin by 8.8% in the 4th quarter. CAP Partners LLC now owns 44,725 shares of the company’s stock worth $352,000 after buying an additional 3,621 shares during the period. R Squared Ltd purchased a new position in shares of Redfin in the 4th quarter worth $33,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in Redfin in the 4th quarter valued at $113,000. Perigon Wealth Management LLC raised its position in Redfin by 35.6% in the fourth quarter. Perigon Wealth Management LLC now owns 102,836 shares of the company’s stock valued at $796,000 after purchasing an additional 26,972 shares during the period. Finally, Blue Trust Inc. raised its position in Redfin by 76.3% in the fourth quarter. Blue Trust Inc. now owns 5,822 shares of the company’s stock valued at $46,000 after purchasing an additional 2,520 shares during the period. 61.07% of the stock is owned by hedge funds and other institutional investors.

Redfin Stock Down 0.1 %

Shares of RDFN stock opened at $9.76 on Wednesday. The business has a 50 day moving average of $7.92 and a two-hundred day moving average of $9.41. Redfin Co. has a 52 week low of $5.10 and a 52 week high of $15.29. The company has a market cap of $1.23 billion, a P/E ratio of -7.63 and a beta of 2.90.

Wall Street Analyst Weigh In

RDFN has been the topic of several research reports. Zelman & Associates raised Redfin to a “strong-buy” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. cut their price objective on Redfin from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Piper Sandler raised Redfin from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $4.00 to $12.50 in a research report on Tuesday. Citigroup cut their price objective on Redfin from $10.50 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Finally, The Goldman Sachs Group lowered Redfin from a “neutral” rating to a “sell” rating and raised their price objective for the company from $6.00 to $6.50 in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9.48.

Insider Transactions at Redfin

In other news, insider Christian John Taubman sold 16,333 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $8.44, for a total transaction of $137,850.52. Following the completion of the transaction, the insider now directly owns 73,466 shares in the company, valued at approximately $620,053.04. The trade was a 18.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.40% of the company’s stock.

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.