Redfin (NASDAQ:RDFN – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.57) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.01, Briefing.com reports. The business had revenue of $225.50 million for the quarter, compared to the consensus estimate of $217.79 million. Redfin had a negative net margin of 11.95% and a negative return on equity of 1,780.89%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.93) EPS.
Redfin Price Performance
NASDAQ:RDFN traded up $0.58 on Thursday, hitting $6.83. The company had a trading volume of 2,361,523 shares, compared to its average volume of 5,165,950. The stock has a market capitalization of $815.98 million, a price-to-earnings ratio of -5.76 and a beta of 2.68. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 295.91. The firm has a 50 day moving average of $6.12 and a two-hundred day moving average of $7.15. Redfin has a 52 week low of $4.26 and a 52 week high of $17.68.
Insider Activity at Redfin
In related news, insider Christian John Taubman sold 7,916 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $6.90, for a total value of $54,620.40. Following the completion of the transaction, the insider now owns 52,117 shares of the company’s stock, valued at approximately $359,607.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Anna Stevens sold 10,851 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $6.78, for a total transaction of $73,569.78. Following the completion of the transaction, the insider now owns 15,477 shares of the company’s stock, valued at $104,934.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christian John Taubman sold 7,916 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $6.90, for a total transaction of $54,620.40. Following the sale, the insider now owns 52,117 shares of the company’s stock, valued at $359,607.30. The disclosure for this sale can be found here. 5.30% of the stock is owned by insiders.
Analyst Ratings Changes
Check Out Our Latest Report on Redfin
Redfin Company Profile
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.
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