Insider Selling: Redfin Corp (RDFN) Director Sells $12,745.20 in Stock

Redfin Corp (NASDAQ:RDFN) Director Selina Tobaccowala sold 570 shares of the stock in a transaction that occurred on Tuesday, June 26th. The stock was sold at an average price of $22.36, for a total value of $12,745.20. Following the completion of the transaction, the director now directly owns 20,722 shares of the company’s stock, valued at $463,343.92. The sale was disclosed in a filing with the SEC, which is available at this link.

Selina Tobaccowala also recently made the following trade(s):

  • On Tuesday, May 29th, Selina Tobaccowala sold 10,570 shares of Redfin stock. The stock was sold at an average price of $21.62, for a total value of $228,523.40.

RDFN stock traded up $0.12 during midday trading on Tuesday, reaching $22.62. 909,700 shares of the company’s stock traded hands, compared to its average volume of 1,295,765. Redfin Corp has a 1-year low of $19.18 and a 1-year high of $33.49. The stock has a market capitalization of $1.79 billion and a price-to-earnings ratio of -113.00.

Redfin (NASDAQ:RDFN) last released its quarterly earnings results on Thursday, May 10th. The company reported ($0.44) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.44). The business had revenue of $79.90 million for the quarter, compared to analyst estimates of $77.15 million. The firm’s revenue for the quarter was up 33.4% on a year-over-year basis. equities research analysts forecast that Redfin Corp will post -0.25 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in RDFN. MetLife Investment Advisors LLC acquired a new stake in Redfin during the 4th quarter valued at $155,000. Bluestein R H & Co. acquired a new stake in Redfin during the 1st quarter valued at $208,000. Needham Investment Management LLC acquired a new stake in Redfin during the 4th quarter valued at $224,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in Redfin during the 1st quarter valued at $225,000. Finally, Royal Bank of Canada increased its holdings in Redfin by 190.3% during the 1st quarter. Royal Bank of Canada now owns 10,050 shares of the company’s stock valued at $229,000 after purchasing an additional 6,588 shares in the last quarter. 75.54% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on RDFN. BidaskClub raised Redfin from a “hold” rating to a “buy” rating in a report on Wednesday, April 18th. Zacks Investment Research cut Redfin from a “hold” rating to a “sell” rating in a report on Tuesday, May 15th. DA Davidson began coverage on Redfin in a report on Wednesday, April 4th. They issued a “buy” rating and a $28.00 target price for the company. Goldman Sachs Group cut Redfin from a “neutral” rating to a “sell” rating and set a $20.00 target price for the company. in a report on Monday, June 18th. Finally, Zelman & Associates began coverage on Redfin in a report on Monday. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Redfin currently has an average rating of “Hold” and an average target price of $25.92.

Redfin Company Profile

Redfin Corporation operates as a real estate brokerage company in the United States. The company operates an online real estate marketplace and provides real estate services, such as assisting individuals to purchase or sell their residential property. It also provides title and settlement services; originates and sells mortgages; and buys and sells residential properties.

Insider Buying and Selling by Quarter for Redfin (NASDAQ:RDFN)

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