What is B. Riley’s Estimate for Redfin FY2028 Earnings?

Redfin Co. (NASDAQ:RDFN) – Analysts at B. Riley increased their FY2028 EPS estimates for Redfin in a research report issued to clients and investors on Monday, November 11th. B. Riley analyst N. Khan now forecasts that the company will post earnings per share of $0.29 for the year, up from their prior estimate of $0.28. B. Riley has a “Buy” rating and a $15.00 price objective on the stock. The consensus estimate for Redfin’s current full-year earnings is ($1.18) per share.

Redfin (NASDAQ:RDFN) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.08). The company had revenue of $278.02 million for the quarter, compared to analyst estimates of $280.21 million. During the same quarter last year, the firm posted ($0.17) EPS.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group lifted their price target on shares of Redfin from $7.50 to $11.50 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Needham & Company LLC restated a “hold” rating on shares of Redfin in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Redfin from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday. Wedbush boosted their price objective on shares of Redfin from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Susquehanna boosted their price objective on shares of Redfin from $7.00 to $10.00 and gave the company a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $9.23.

Redfin Stock Down 6.0 %

Shares of NASDAQ:RDFN opened at $8.79 on Wednesday. Redfin has a 12 month low of $5.10 and a 12 month high of $15.29. The company’s fifty day simple moving average is $11.15 and its 200 day simple moving average is $8.60. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -6.87 and a beta of 2.70.

Insider Buying and Selling

In related news, insider Christian John Taubman sold 3,632 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 71,720 shares in the company, valued at $663,410. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Redfin

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDFN. Hollencrest Capital Management bought a new stake in shares of Redfin in the 3rd quarter valued at $25,000. Blue Trust Inc. boosted its stake in Redfin by 285.7% during the third quarter. Blue Trust Inc. now owns 3,302 shares of the company’s stock worth $41,000 after acquiring an additional 2,446 shares in the last quarter. Quest Partners LLC bought a new position in Redfin during the third quarter worth $47,000. Mather Group LLC. boosted its stake in Redfin by 282.1% during the second quarter. Mather Group LLC. now owns 3,821 shares of the company’s stock worth $25,000 after acquiring an additional 2,821 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Redfin during the third quarter worth $48,000. 61.07% of the stock is currently owned by institutional investors and hedge funds.

Redfin Company 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.