Press coverage about Redfin (NASDAQ:RDFN) has trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Redfin earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.8835741456285 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Redfin (RDFN) Rating Increased to Hold at BidaskClub (americanbankingnews.com)
- Redfin Corp (RDFN) Sees Large Increase in Short Interest (americanbankingnews.com)
- $77.19 Million in Sales Expected for Redfin Corp (RDFN) This Quarter (americanbankingnews.com)
- Redfin Corp (RDFN) Insider Adam Wiener Sells 10,000 Shares (americanbankingnews.com)
- Analysts Anticipate Redfin Corp (RDFN) Will Announce Earnings of -$0.42 Per Share (americanbankingnews.com)
Several analysts have recently issued reports on RDFN shares. Zacks Investment Research raised shares of Redfin from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, November 15th. Royal Bank of Canada reissued a “hold” rating and set a $28.00 price objective on shares of Redfin in a research note on Thursday, November 16th. Oppenheimer reissued a “buy” rating on shares of Redfin in a research note on Monday, November 20th. Stephens started coverage on shares of Redfin in a research note on Friday, December 1st. They set an “underweight” rating and a $17.00 price objective for the company. Finally, Cowen started coverage on shares of Redfin in a research note on Friday, December 15th. They set an “outperform” rating and a $30.00 price objective for the company. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.73.
Redfin (NASDAQ:RDFN) last posted its earnings results on Thursday, February 22nd. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The business had revenue of $95.80 million for the quarter, compared to analyst estimates of $91.59 million. The business’s revenue for the quarter was up 43.4% on a year-over-year basis. research analysts forecast that Redfin will post -0.19 earnings per share for the current year.
In other Redfin news, CTO Bridget Frey sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $20.66, for a total value of $103,300.00. Following the transaction, the chief technology officer now owns 42,083 shares in the company, valued at approximately $869,434.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Adam Wiener sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $23.00, for a total transaction of $230,000.00. Following the completion of the transaction, the insider now owns 289,649 shares in the company, valued at approximately $6,661,927. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $1,054,250 in the last 90 days.
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Redfin Company Profile
Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.
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