Redfin (RDFN) Gets a Hold Rating from Stifel Nicolaus

Stifel Nicolaus analyst John Egbert maintained a Hold rating on Redfin (RDFNResearch Report) on June 8. The company’s shares closed last Friday at $47.53.

According to TipRanks.com, Egbert is a 5-star analyst with an average return of 20.2% and a 59.2% success rate. Egbert covers the Technology sector, focusing on stocks such as Tencent Music Entertainment Group, Spotify Technology SA, and Zillow Group Class A.

Currently, the analyst consensus on Redfin is a Moderate Buy with an average price target of $43.75, which is a -8.0% downside from current levels. In a report issued on July 10, RBC Capital also downgraded the stock to Hold with a $41.00 price target.

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The company has a one-year high of $55.43 and a one-year low of $9.63. Currently, Redfin has an average volume of 1.6M.

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Redfin Corp. provides real estate brokerage services. The firm engages in buying and selling homes. It operates through the following segments: Real Estate Services and Properties. The Real Estate Services segment consists of revenue transactions. The Properties segment consists of home purchase costs, capitalized improvements, selling expenses and home maintenance expenses. The company was founded by David Selinger, David Eraker, and Michael Dougherty in 2004 and is headquartered in Seattle, WA.