The average one-year price target for Redfin (NASDAQ:RDFN) has been revised to 9.24 / share. This is an increase of 5.84% from the prior estimate of 8.73 dated July 5, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 4.29 to a high of 15.75 / share. The average price target represents a decrease of 38.31% from the latest reported closing price of 14.98 / share.
What is the Fund Sentiment?
There are 391 funds or institutions reporting positions in Redfin. This is an increase of 8 owner(s) or 2.09% in the last quarter. Average portfolio weight of all funds dedicated to RDFN is 0.06%, an increase of 43.06%. Total shares owned by institutions decreased in the last three months by 2.57% to 90,247K shares. 
The put/call ratio of RDFN is 1.31, indicating a bearish outlook.
What are Other Shareholders Doing?
Bares Capital Management holds 18,074K shares representing 16.31% ownership of the company. In it's prior filing, the firm reported owning 19,884K shares, representing a decrease of 10.02%. The firm increased its portfolio allocation in RDFN by 80.60% over the last quarter.
Baillie Gifford holds 8,699K shares representing 7.85% ownership of the company. In it's prior filing, the firm reported owning 9,120K shares, representing a decrease of 4.85%. The firm increased its portfolio allocation in RDFN by 23.18% over the last quarter.
VWUSX - Vanguard U.S. Growth Fund Investor Shares holds 4,449K shares representing 4.01% ownership of the company. No change in the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 3,954K shares representing 3.57% ownership of the company. In it's prior filing, the firm reported owning 3,997K shares, representing a decrease of 1.09%. The firm increased its portfolio allocation in RDFN by 9.18% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,244K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 3,052K shares, representing an increase of 5.93%. The firm increased its portfolio allocation in RDFN by 109.73% over the last quarter.
Redfin Background Information
(This description is provided by the company.)
Redfin is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. The Company sells homes for more money and charge half the fee. It also runs the country's #1 real-estate brokerage site. Its home-buying customers see homes first with on-demand tours, and its lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have its renovations crew fix up their home to sell for top dollar. Since launching in 2006, Redfin has saved customers nearly $1 billion in commissions. It serves more than 95 markets across the U.S. and Canada and employ over 4,100 people.
Additional reading:
- Redfin Reports First Quarter 2023 Financial Results
- Redfin Reports Fourth Quarter and Full Year 2022 Financial Results
- List of Subsidiaries
- 1
- Redfin Reports Third Quarter 2022 Financial Results
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
