Redfin Corp (NASDAQ:RDFN) insider Adam Wiener sold 10,000 shares of Redfin stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $19.09, for a total transaction of $190,900.00. Following the completion of the transaction, the insider now directly owns 218,449 shares in the company, valued at approximately $4,170,191.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.

RDFN stock traded down $0.09 on Monday, reaching $19.21. 957,300 shares of the company were exchanged, compared to its average volume of 1,388,228. Redfin Corp has a 12 month low of $16.69 and a 12 month high of $31.50. The firm has a market capitalization of $1.75 billion, a P/E ratio of -94.70 and a beta of -2.90.

Redfin (NASDAQ:RDFN) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The firm had revenue of $142.60 million for the quarter, compared to analyst estimates of $140.12 million. Redfin had a negative net margin of 15.12% and a negative return on equity of 10.83%. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. equities analysts anticipate that Redfin Corp will post -0.41 EPS for the current fiscal year.

RDFN has been the topic of a number of research reports. Stifel Nicolaus dropped their target price on shares of Redfin from $25.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, August 10th. DA Davidson set a $28.00 target price on shares of Redfin and gave the stock a “buy” rating in a research report on Tuesday, May 22nd. Zelman & Associates initiated coverage on shares of Redfin in a research report on Monday, June 25th. They set a “buy” rating on the stock. BidaskClub lowered shares of Redfin from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, Zacks Investment Research lowered shares of Redfin from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Redfin currently has a consensus rating of “Hold” and a consensus target price of $24.17.

A number of institutional investors have recently made changes to their positions in RDFN. Wells Fargo & Company MN increased its holdings in Redfin by 184.7% in the 1st quarter. Wells Fargo & Company MN now owns 62,931 shares of the company’s stock valued at $1,436,000 after buying an additional 40,823 shares during the period. Rhumbline Advisers increased its holdings in Redfin by 611.6% in the 1st quarter. Rhumbline Advisers now owns 53,785 shares of the company’s stock valued at $1,228,000 after buying an additional 46,227 shares during the period. Trexquant Investment LP bought a new stake in Redfin in the 1st quarter valued at $268,000. State Board of Administration of Florida Retirement System bought a new stake in Redfin in the 1st quarter valued at $320,000. Finally, Eaton Vance Management bought a new stake in Redfin in the 1st quarter valued at $505,000. 76.69% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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