REDFIN CORP (RDFN) Stock Rating Reaffirmed by Bank of America Corporation

Bank of America Corporation reiterated their neutral rating on shares of REDFIN CORP (NASDAQ:RDFN) in a research report released on Tuesday morning, MarketBeat Ratings reports. Bank of America Corporation currently has a $28.00 price objective on the stock.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus started coverage on REDFIN CORP in a research note on Tuesday. They set a hold rating and a $24.00 price target for the company. Goldman Sachs Group, Inc. (The) assumed coverage on REDFIN CORP in a research note on Tuesday. They issued a neutral rating and a $20.00 price objective on the stock. Finally, Royal Bank Of Canada assumed coverage on REDFIN CORP in a research note on Tuesday. They issued a sector perform rating and a $28.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. REDFIN CORP currently has an average rating of Hold and a consensus target price of $27.00.

REDFIN CORP (RDFN) opened at 24.89 on Tuesday. The stock’s market cap is $1.75 billion. REDFIN CORP has a 1-year low of $19.29 and a 1-year high of $33.49. The stock has a 50 day moving average of $24.78 and a 200 day moving average of $24.78.

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In related news, major shareholder Tiger Global Management Llc acquired 260,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average cost of $15.00 per share, with a total value of $3,900,000.00. The acquisition was disclosed in a document filed 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.