Weekly Analysts’ Ratings Updates for Redfin (RDFN)

Several analysts have recently updated their ratings and price targets for Redfin (NASDAQ: RDFN):

• 3/24/2025 – Redfin had its price target raised by analysts at JPMorgan Chase & Co. from $7.00 to $12.50. They now have a “neutral” rating on the stock.
• 3/11/2025 – Redfin was upgraded by analysts at Piper Sandler from an “underweight” rating to a “neutral” rating. They now have a $12.50 price target on the stock, up previously from $4.00.
• 3/11/2025 – Redfin had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 3/10/2025 – Redfin was upgraded by analysts at Gordon Haskett to a “hold” rating.
• 3/10/2025 – Redfin was downgraded by analysts at B. Riley from a “strong-buy” rating to a “hold” rating.
• 3/6/2025 – Redfin had its price target lowered by analysts at Piper Sandler from $7.00 to $4.00. They now have an “underweight” rating on the stock.
• 3/5/2025 – Redfin was upgraded by analysts at Zelman & Associates to a “strong-buy” rating.
• 3/3/2025 – Redfin had its price target lowered by analysts at Susquehanna from $10.00 to $7.00. They now have a “neutral” rating on the stock.
• 3/3/2025 – Redfin had its price target lowered by analysts at JPMorgan Chase & Co. from $8.00 to $7.00. They now have a “neutral” rating on the stock.
• 2/19/2025 – Redfin had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $7.25 price target on the stock.

Redfin Stock Down 1.5 %

Shares of NASDAQ:RDFN traded down $0.16 during trading on Tuesday, reaching $10.62. 621,189 shares of the company’s stock traded hands, compared to its average volume of 6,015,597. The firm has a market cap of $1.34 billion, a PE ratio of -8.30 and a beta of 2.90. Redfin Co. has a fifty-two week low of $5.10 and a fifty-two week high of $15.29. The company has a 50-day simple moving average of $8.50 and a 200-day simple moving average of $9.46.

Institutional Trading of Redfin

A number of institutional investors and hedge funds have recently made changes to their positions in RDFN. Charles Schwab Investment Management Inc. increased its stake in shares of Redfin by 10.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 998,284 shares of the company’s stock worth $12,508,000 after purchasing an additional 92,023 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Redfin in the third quarter valued at approximately $10,650,000. Ballentine Partners LLC acquired a new stake in shares of Redfin in the fourth quarter worth approximately $81,000. Geode Capital Management LLC increased its position in shares of Redfin by 2.2% during the third quarter. Geode Capital Management LLC now owns 3,022,948 shares of the company’s stock worth $37,884,000 after purchasing an additional 66,018 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Redfin by 476.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 799,523 shares of the company’s stock valued at $10,018,000 after purchasing an additional 660,872 shares during the last quarter. 61.07% of the stock is currently owned by hedge funds and other institutional investors.

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.