From MarketBeat:

Redfin Co. (NASDAQ: RDFN) has been given a “Reduce” consensus rating by 13 analyst firms covering the company. One analyst has a sell recommendation and twelve have proposed a hold. The average 1-year target price is $8.00. In other news, CFO Christopher John Nielsen sold 10,000 shares of Redfin stock on November 15th at an average price of $6.40, for a total value of $64,000.

Shares of Redfin stock opened at $8.35 on Monday. It has a market cap of $962.25 million, a price-to-earnings ratio of -5.42, and a beta of 2.76. Redfin last released its quarterly earnings data on Thursday, November 2nd, reporting ($0.17) EPS and revenue of $268.96 million. Analysts forecast a full-year EPS of -1.18 and 5.3% insider ownership of the company.

Redfin Corporation runs a residential real estate brokerage in the US and Canada, operating an online real estate marketplace. It provides real estate services and other related services.

Institutional investors and hedge funds own 78.59% of Redfin stock. Several investors have added or reduced their stakes in the company, with stark variations in the amounts increased or decreased.

Despite the “Reduce” rating, Redfin stocks continue to fluctuate, revealing the real-time volatility of the company’s performance, as shares opened at $8.35 on Monday.

These facts and figures summarize the current situation around Redfin Co, giving you an insider’s view of the company’s outlook and potential for growth. Consider all the information and further stock reports before making your investment decision.



Read more: Redfin Co. (NASDAQ:RDFN) Receives Consensus Rating of “Reduce” from Analysts