27,273 Shares in Redfin Co. (NASDAQ:RDFN) Bought by Numerai GP LLC

Numerai GP LLC acquired a new position in shares of Redfin Co. (NASDAQ:RDFN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 27,273 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Redfin by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,377 shares of the company’s stock worth $530,000 after purchasing an additional 3,091 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in Redfin in the fourth quarter valued at about $93,000. Ameriprise Financial Inc. raised its stake in Redfin by 58.3% in the fourth quarter. Ameriprise Financial Inc. now owns 44,343 shares of the company’s stock valued at $349,000 after buying an additional 16,332 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in Redfin in the fourth quarter valued at about $474,000. Finally, Northern Trust Corp raised its stake in Redfin by 11.0% in the fourth quarter. Northern Trust Corp now owns 1,147,666 shares of the company’s stock valued at $9,032,000 after buying an additional 113,466 shares during the last quarter. 61.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on RDFN shares. JPMorgan Chase & Co. increased their price target on Redfin from $7.00 to $12.50 and gave the company a “neutral” rating in a research note on Monday, March 24th. Susquehanna decreased their price target on Redfin from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Citigroup increased their price target on Redfin from $7.30 to $9.20 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Needham & Company LLC reiterated a “hold” rating on shares of Redfin in a research note on Tuesday, March 11th. Finally, Stephens decreased their price target on Redfin from $12.50 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.45.

Redfin Stock Up 3.3%

Redfin stock opened at $10.35 on Friday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -8.09 and a beta of 2.50. Redfin Co. has a 52 week low of $5.49 and a 52 week high of $15.29. The business’s 50-day moving average price is $9.58 and its 200 day moving average price is $8.89.

Redfin (NASDAQ:RDFN) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.69) by ($0.04). The business had revenue of $221.03 million during the quarter, compared to the consensus estimate of $220.89 million. During the same quarter in the prior year, the firm posted ($0.57) earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Equities analysts expect that Redfin Co. will post -1.25 EPS for the current year.

Insider Buying and Selling at Redfin

In other news, insider Christian John Taubman sold 16,209 shares of Redfin stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $11.15, for a total value of $180,730.35. Following the sale, the insider now directly owns 74,616 shares of the company’s stock, valued at $831,968.40. The trade was a 17.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.40% of the stock is owned by corporate insiders.

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.