Teacher Retirement System of Texas Purchases Shares of 33,349 Redfin Corporation (NASDAQ:RDFN)

Teacher Retirement System of Texas purchased a new stake in Redfin Corporation (NASDAQ:RDFN) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 33,349 shares of the company’s stock, valued at approximately $307,000.

A number of other institutional investors have also recently made changes to their positions in RDFN. Cerity Partners LLC boosted its position in shares of Redfin by 3.3% during the 4th quarter. Cerity Partners LLC now owns 37,285 shares of the company’s stock valued at $293,000 after purchasing an additional 1,189 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Redfin by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,377 shares of the company’s stock valued at $530,000 after purchasing an additional 3,091 shares in the last quarter. AlphaQuest LLC boosted its position in shares of Redfin by 87.8% during the 4th quarter. AlphaQuest LLC now owns 7,086 shares of the company’s stock valued at $56,000 after purchasing an additional 3,312 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Redfin by 30.9% during the 4th quarter. Quantinno Capital Management LP now owns 14,077 shares of the company’s stock valued at $111,000 after purchasing an additional 3,324 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Redfin during the 4th quarter valued at about $27,000. Institutional investors own 61.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on RDFN shares. Royal Bank Of Canada upped their target price on Redfin from $8.00 to $12.50 and gave the company a “sector perform” rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. upped their target price on Redfin from $7.00 to $12.50 and gave the company a “neutral” rating in a research report on Monday, March 24th. Stephens cut their price target on Redfin from $12.50 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, May 8th. Citigroup increased their price target on Redfin from $7.30 to $9.20 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Finally, Benchmark reiterated a “mixed” rating on shares of Redfin in a report on Monday, May 19th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Redfin has an average rating of “Hold” and an average target price of $10.45.

Redfin Price Performance

Redfin stock opened at $11.19 on Friday. Redfin Corporation has a one year low of $5.59 and a one year high of $15.29. The business has a fifty day moving average price of $10.62 and a 200-day moving average price of $9.35. The firm has a market capitalization of $1.43 billion, a P/E ratio of -7.31 and a beta of 2.38.

Redfin (NASDAQ:RDFN) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.69) by ($0.04). The company had revenue of $221.03 million during the quarter, compared to the consensus estimate of $220.89 million. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned ($0.57) earnings per share. Sell-side analysts expect that Redfin Corporation will post -1.25 earnings per share for the current fiscal year.

About Redfin

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.