Redfin Corp (NASDAQ:RDFN) insider Adam Wiener sold 5,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $18.55, for a total transaction of $92,750.00. Following the completion of the sale, the insider now owns 168,349 shares in the company, valued at approximately $3,122,873.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Adam Wiener also recently made the following trade(s):

  • On Friday, February 15th, Adam Wiener sold 10,000 shares of Redfin stock. The shares were sold at an average price of $19.58, for a total transaction of $195,800.00.
  • On Tuesday, January 15th, Adam Wiener sold 5,000 shares of Redfin stock. The shares were sold at an average price of $17.11, for a total transaction of $85,550.00.

Shares of RDFN stock traded up $0.60 on Tuesday, reaching $19.05. The company had a trading volume of 1,307,205 shares, compared to its average volume of 1,105,447. Redfin Corp has a 12 month low of $13.50 and a 12 month high of $26.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 10.74 and a quick ratio of 10.25. The stock has a market cap of $1.67 billion, a PE ratio of -38.88 and a beta of 0.92.

Redfin (NASDAQ:RDFN) last posted its earnings results on Thursday, February 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Redfin had a negative return on equity of 14.24% and a negative net margin of 8.62%. The business had revenue of $124.10 million during the quarter, compared to analysts’ expectations of $117.15 million. During the same period in the prior year, the business earned ($0.02) EPS. Redfin’s revenue for the quarter was up 29.5% compared to the same quarter last year. As a group, research analysts anticipate that Redfin Corp will post -0.87 earnings per share for the current year.

Several research analysts recently issued reports on RDFN shares. Zacks Investment Research upgraded shares of Redfin from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Saturday, January 12th. BidaskClub cut Redfin from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Jefferies Financial Group cut Redfin from a “buy” rating to a “hold” rating in a research note on Wednesday, January 9th. Compass Point initiated coverage on Redfin in a research note on Thursday, January 24th. They issued a “buy” rating and a $20.50 price target for the company. Finally, Royal Bank of Canada upped their price target on Redfin to $26.00 and gave the company an “outperform” rating in a research note on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.13.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BBT Capital Management LLC boosted its position in Redfin by 17.4% during the 3rd quarter. BBT Capital Management LLC now owns 135,000 shares of the company’s stock worth $2,525,000 after acquiring an additional 20,000 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Redfin in the 3rd quarter valued at approximately $284,000. BlackRock Inc. boosted its holdings in shares of Redfin by 33.8% in the 3rd quarter. BlackRock Inc. now owns 4,953,847 shares of the company’s stock valued at $92,637,000 after buying an additional 1,251,210 shares during the last quarter. Capital International Investors acquired a new stake in shares of Redfin in the 3rd quarter valued at approximately $107,820,000. Finally, American International Group Inc. boosted its holdings in shares of Redfin by 8.9% in the 3rd quarter. American International Group Inc. now owns 52,538 shares of the company’s stock valued at $982,000 after buying an additional 4,303 shares during the last quarter. 94.29% of the stock is owned by institutional investors and hedge funds.

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

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