Redfin Corp (NASDAQ:RDFN) insider Adam Wiener sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $19.09, for a total transaction of $190,900.00. Following the sale, the insider now owns 218,449 shares of the company’s stock, valued at $4,170,191.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Adam Wiener also recently made the following trade(s):
- On Wednesday, August 8th, Adam Wiener sold 10,000 shares of Redfin stock. The stock was sold at an average price of $22.39, for a total transaction of $223,900.00.
- On Tuesday, July 17th, Adam Wiener sold 10,000 shares of Redfin stock. The stock was sold at an average price of $23.20, for a total transaction of $232,000.00.
NASDAQ RDFN traded down $0.09 during trading on Monday, reaching $19.21. The company’s stock had a trading volume of 957,300 shares, compared to its average volume of 1,388,228. The stock has a market capitalization of $1.75 billion, a PE ratio of -94.70 and a beta of -2.90. Redfin Corp has a 1-year low of $16.69 and a 1-year high of $31.50.
Redfin (NASDAQ:RDFN) last posted its earnings results on Thursday, August 9th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The firm had revenue of $142.60 million during the quarter, compared to analysts’ expectations of $140.12 million. Redfin had a negative net margin of 15.12% and a negative return on equity of 10.83%. The company’s revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. analysts expect that Redfin Corp will post -0.41 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can bought a new position in shares of Redfin in the second quarter valued at approximately $106,000. Caption Management LLC bought a new position in shares of Redfin in the second quarter valued at approximately $191,000. Perkins Coie Trust Co raised its position in shares of Redfin by 52.4% in the second quarter. Perkins Coie Trust Co now owns 8,648 shares of the company’s stock valued at $200,000 after purchasing an additional 2,972 shares during the period. Bluestein R H & Co. bought a new position in shares of Redfin in the first quarter valued at approximately $208,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Redfin in the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 76.69% of the company’s stock.
Several analysts recently commented on RDFN shares. Stifel Nicolaus decreased their price target on shares of Redfin from $25.00 to $20.00 and set a “hold” rating for the company in a report on Friday, August 10th. DA Davidson set a $28.00 price target on shares of Redfin and gave the stock a “buy” rating in a report on Tuesday, May 22nd. Zelman & Associates started coverage on shares of Redfin in a report on Monday, June 25th. They set a “buy” rating for the company. BidaskClub cut shares of Redfin from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Zacks Investment Research cut shares of Redfin from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.17.
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.
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