Redfin Corp (NASDAQ:RDFN) insider Adam Wiener sold 5,000 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $17.73, for a total value of $88,650.00. Following the sale, the insider now directly owns 250,503 shares in the company, valued at $4,441,418.19. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Adam Wiener also recently made the following trade(s):
- On Monday, June 17th, Adam Wiener sold 5,000 shares of Redfin stock. The shares were sold at an average price of $18.03, for a total value of $90,150.00.
- On Monday, May 20th, Adam Wiener sold 1,000 shares of Redfin stock. The shares were sold at an average price of $17.19, for a total value of $17,190.00.
- On Monday, April 22nd, Adam Wiener sold 10,000 shares of Redfin stock. The shares were sold at an average price of $22.05, for a total value of $220,500.00.
Redfin stock traded up $0.13 during trading hours on Friday, hitting $16.98. The stock had a trading volume of 654,949 shares, compared to its average volume of 1,060,447. The company has a current ratio of 4.73, a quick ratio of 4.36 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.60 billion, a PE ratio of -34.65 and a beta of 1.36. Redfin Corp has a one year low of $13.50 and a one year high of $26.01. The business has a 50 day moving average of $17.54.
Redfin (NASDAQ:RDFN) last posted its earnings results on Wednesday, May 8th. The company reported ($0.74) EPS for the quarter, beating the consensus estimate of ($0.75) by $0.01. Redfin had a negative return on equity of 22.64% and a negative net margin of 14.06%. The firm had revenue of $110.10 million during the quarter, compared to the consensus estimate of $103.97 million. During the same period last year, the company earned ($0.44) earnings per share. The business’s quarterly revenue was up 37.8% on a year-over-year basis. As a group, analysts anticipate that Redfin Corp will post -0.97 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the company. California Public Employees Retirement System grew its position in Redfin by 233.4% in the 4th quarter. California Public Employees Retirement System now owns 152,126 shares of the company’s stock valued at $2,191,000 after buying an additional 106,500 shares in the last quarter. BlackRock Inc. raised its stake in Redfin by 5.3% in the 4th quarter. BlackRock Inc. now owns 5,214,205 shares of the company’s stock valued at $75,084,000 after acquiring an additional 260,358 shares during the period. Bank of New York Mellon Corp raised its stake in Redfin by 1.6% in the 4th quarter. Bank of New York Mellon Corp now owns 319,261 shares of the company’s stock valued at $4,598,000 after acquiring an additional 5,011 shares during the period. Dimensional Fund Advisors LP bought a new stake in Redfin in the 4th quarter valued at $350,000. Finally, Captrust Financial Advisors raised its stake in Redfin by 167.7% in the 4th quarter. Captrust Financial Advisors now owns 2,136 shares of the company’s stock valued at $31,000 after acquiring an additional 1,338 shares during the period. Institutional investors own 93.92% of the company’s stock.
Several analysts recently weighed in on the company. Stephens raised Redfin from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $23.00 in a research note on Monday, June 10th. Piper Jaffray Companies reduced their price objective on CELYAD SA/ADR from $51.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, April 1st. Susquehanna Bancshares upgraded Redfin from a “neutral” rating to a “positive” rating and set a $23.00 target price for the company in a research report on Wednesday. BidaskClub upgraded Acceleron Pharma from a “strong sell” rating to a “sell” rating in a research report on Friday, May 10th. Finally, KeyCorp reiterated an “overweight” rating and issued a $66.00 target price on shares of Zillow Group in a research report on Friday. Thirteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $22.21.
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, including assisting individuals in 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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