Media coverage about Redfin (NASDAQ:RDFN) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Redfin earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.3501349769991 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
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Zacks: Brokerages Expect Redfin (RDFN) Will Post Quarterly Sales of $137.49 Million (americanbankingnews.com) Redfin (RDFN) CFO Christopher John Nielsen Sells 10,000 Shares (americanbankingnews.com) Redfin to Present at Cowen and Company 46th Annual Technology, Media & Telecom Conference (finance.yahoo.com) Redfin CEO breaks ranks with tech community in maverick response to ‘unreasonable’ Seattle tax (geekwire.com) Redfin Report: Minneapolis, Portland and Chicago are the Most Bikeable Cities of 2018 (finance.yahoo.com)
Several equities research analysts have weighed in on the company. Zacks Investment Research cut Redfin from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub cut Redfin from a “buy” rating to a “hold” rating in a research note on Saturday, April 28th. DA Davidson assumed coverage on Redfin in a research note on Wednesday, April 4th. They set a “buy” rating and a $28.00 price objective on the stock. William Blair reissued an “outperform” rating on shares of Redfin in a research note on Thursday, February 1st. Finally, Jefferies Group assumed coverage on Redfin in a research note on Tuesday, February 6th. They set a “buy” rating and a $28.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.92.
Shares of Redfin opened at $21.94 on Thursday, MarketBeat.com reports. Redfin has a 1 year low of $21.67 and a 1 year high of $22.25. The company has a market cap of $1.83 billion and a price-to-earnings ratio of -109.70.
Redfin (NASDAQ:RDFN) last announced its earnings results on Thursday, May 10th. The company reported ($0.44) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.44). The business had revenue of $79.90 million for the quarter, compared to analysts’ expectations of $77.15 million. The business’s revenue was up 33.4% compared to the same quarter last year. equities research analysts forecast that Redfin will post -0.23 EPS for the current fiscal year.
In other Redfin news, CFO Christopher John Nielsen sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $20.51, for a total transaction of $512,750.00. Following the completion of the transaction, the chief financial officer now owns 25,000 shares in the company, valued at $512,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Adam Wiener sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $20.82, for a total value of $208,200.00. Following the transaction, the insider now owns 299,649 shares of the company’s stock, valued at approximately $6,238,692.18. The disclosure for this sale can be found here. Insiders have sold 90,000 shares of company stock valued at $1,936,350 in the last 90 days. Company insiders own 8.80% of the company’s stock.
Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties.
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