CAP Partners LLC Acquires 4,847 Shares of Redfin Co. (NASDAQ:RDFN)

CAP Partners LLC boosted its holdings in Redfin Co. (NASDAQ:RDFN) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,104 shares of the company’s stock after buying an additional 4,847 shares during the period. CAP Partners LLC’s holdings in Redfin were worth $515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RDFN. Creative Planning lifted its stake in shares of Redfin by 8.1% in the 3rd quarter. Creative Planning now owns 15,826 shares of the company’s stock valued at $198,000 after purchasing an additional 1,181 shares during the period. Arizona State Retirement System lifted its stake in Redfin by 5.4% in the second quarter. Arizona State Retirement System now owns 33,381 shares of the company’s stock valued at $201,000 after buying an additional 1,710 shares during the period. ProShare Advisors LLC boosted its holdings in Redfin by 9.8% during the first quarter. ProShare Advisors LLC now owns 19,876 shares of the company’s stock worth $132,000 after buying an additional 1,766 shares during the last quarter. Hollencrest Capital Management acquired a new position in shares of Redfin during the 3rd quarter worth about $25,000. Finally, Financial Advocates Investment Management increased its stake in shares of Redfin by 21.6% in the 3rd quarter. Financial Advocates Investment Management now owns 11,815 shares of the company’s stock valued at $148,000 after acquiring an additional 2,100 shares during the last quarter. 61.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. B. Riley lifted their price objective on shares of Redfin from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Susquehanna lifted their price target on shares of Redfin from $7.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. The Goldman Sachs Group cut shares of Redfin from a “neutral” rating to a “sell” rating and upped their price objective for the company from $6.00 to $6.50 in a research report on Monday. JPMorgan Chase & Co. lifted their target price on Redfin from $7.00 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of Redfin in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $8.98.

Insider Buying and Selling

In related news, insider Christian John Taubman sold 3,632 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $9.25, for a total transaction of $33,596.00. Following the transaction, the insider now directly owns 71,720 shares in the company, valued at approximately $663,410. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Redfin Stock Down 5.1 %

Shares of RDFN opened at $7.94 on Monday. The company has a 50 day moving average of $11.12 and a 200-day moving average of $8.66. The stock has a market capitalization of $984.40 million, a P/E ratio of -6.54 and a beta of 2.70. Redfin Co. has a twelve month low of $5.10 and a twelve month high of $15.29.

Redfin (NASDAQ:RDFN) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The business had revenue of $278.02 million for the quarter, compared to analysts’ expectations of $280.21 million. During the same quarter in the prior year, the firm earned ($0.17) EPS. On average, sell-side analysts anticipate that Redfin Co. will post -1.23 earnings per share for the current fiscal year.

Redfin Profile

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.