GSA Capital Partners LLP Acquires 48,313 Shares of Redfin Co. (NASDAQ:RDFN)

GSA Capital Partners LLP boosted its holdings in Redfin Co. (NASDAQ:RDFN) by 53.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,203 shares of the company’s stock after acquiring an additional 48,313 shares during the quarter. GSA Capital Partners LLP’s holdings in Redfin were worth $1,744,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in RDFN. Allspring Global Investments Holdings LLC increased its stake in Redfin by 205.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,608 shares of the company’s stock worth $31,000 after acquiring an additional 3,101 shares during the last quarter. Swiss National Bank increased its stake in Redfin by 1.3% in the 1st quarter. Swiss National Bank now owns 227,500 shares of the company’s stock worth $1,513,000 after acquiring an additional 2,900 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Redfin in the 1st quarter worth about $298,000. ProShare Advisors LLC increased its stake in Redfin by 9.8% in the 1st quarter. ProShare Advisors LLC now owns 19,876 shares of the company’s stock worth $132,000 after acquiring an additional 1,766 shares during the last quarter. Finally, Entropy Technologies LP increased its stake in Redfin by 41.4% in the 1st quarter. Entropy Technologies LP now owns 80,912 shares of the company’s stock worth $538,000 after acquiring an additional 23,689 shares during the last quarter. 61.07% of the stock is currently owned by institutional investors.

Insider Transactions at Redfin

In other news, insider Christian John Taubman sold 3,632 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $9.25, for a total value of $33,596.00. Following the completion of the transaction, the insider now owns 71,720 shares of the company’s stock, valued at approximately $663,410. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.40% of the company’s stock.

Wall Street Analyst Weigh In

RDFN has been the subject of a number of research reports. B. Riley upped their price objective on Redfin from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Wedbush upped their price objective on Redfin from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on Redfin from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday. Susquehanna upped their price objective on Redfin from $7.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Jefferies Financial Group upped their price objective on Redfin from $7.50 to $11.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.23.

Redfin Stock Performance

Shares of RDFN stock opened at $9.35 on Wednesday. Redfin Co. has a 1-year low of $5.10 and a 1-year high of $15.29. The business has a 50-day moving average of $11.17 and a 200 day moving average of $8.60.

Redfin (NASDAQ:RDFN) last released its quarterly 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 analyst estimates of $280.21 million. During the same period last year, the firm earned ($0.17) earnings per share. As a group, equities analysts anticipate that Redfin Co. will post -1.15 EPS for the current year.

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.