Redfin Corp to Post Q2 2017 Earnings of $0.05 Per Share, Oppenheimer Holdings Forecasts (RDFN)

Redfin Corp (NASDAQ:RDFN) – Oppenheimer Holdings issued their Q2 2017 EPS estimates for Redfin Corp in a research report issued on Tuesday. Oppenheimer Holdings analyst J. Helfstein anticipates that the company will earn $0.05 per share for the quarter. Oppenheimer Holdings has a “Outperform” rating and a $31.00 price target on the stock. Oppenheimer Holdings also issued estimates for Redfin Corp’s Q3 2017 earnings at $0.10 EPS, Q4 2017 earnings at ($0.01) EPS, FY2017 earnings at ($0.21) EPS, FY2018 earnings at ($0.14) EPS, FY2019 earnings at $0.10 EPS and FY2020 earnings at $0.33 EPS.

A number of other equities research analysts also recently commented on RDFN. Goldman Sachs Group, Inc. (The) initiated coverage on Redfin Corp in a research report on Tuesday. They issued a “neutral” rating and a $20.00 target price on the stock. Royal Bank Of Canada began coverage on Redfin Corp in a report on Tuesday. They issued a “sector perform” rating and a $28.00 price objective on the stock. Stifel Nicolaus began coverage on Redfin Corp in a report on Tuesday. They issued a “hold” rating and a $24.00 price objective on the stock. Bank of America Corporation reiterated a “neutral” rating and issued a $28.00 price objective on shares of Redfin Corp in a report on Tuesday. Finally, CIBC began coverage on Redfin Corp in a report on Tuesday. They issued an “outperform” rating and a $31.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $27.00.

Redfin Corp (NASDAQ RDFN) opened at 25.79 on Thursday. Redfin Corp has a 52 week low of $19.29 and a 52 week high of $33.49. The stock’s market capitalization is $1.82 billion. The stock’s 50 day moving average price is $24.77 and its 200-day moving average price is $24.77.

In other Redfin Corp news, major shareholder Tiger Global Management Llc acquired 260,000 shares of the stock in a transaction dated Friday, July 28th. The stock was acquired at an average cost of $15.00 per share, with a total value of $3,900,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Redfin Corp Company Profile

Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.