Redfin Corp (NASDAQ:RDFN) insider Adam Wiener sold 1,000 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $17.19, for a total value of $17,190.00. Following the transaction, the insider now owns 215,849 shares in the company, valued at approximately $3,710,444.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Monday, April 22nd, Adam Wiener sold 10,000 shares of Redfin stock. The stock was sold at an average price of $22.05, for a total value of $220,500.00.
  • On Friday, April 5th, Adam Wiener sold 7,500 shares of Redfin stock. The stock was sold at an average price of $23.00, for a total value of $172,500.00.
  • On Monday, April 1st, Adam Wiener sold 5,000 shares of Redfin stock. The stock was sold at an average price of $21.00, for a total value of $105,000.00.
  • On Friday, March 22nd, Adam Wiener sold 5,000 shares of Redfin stock. The shares were sold at an average price of $20.00, for a total value of $100,000.00.
  • On Monday, March 18th, Adam Wiener sold 5,000 shares of Redfin stock. The shares were sold at an average price of $18.55, for a total value of $92,750.00.

Shares of NASDAQ RDFN traded up $0.31 during mid-day trading on Friday, hitting $17.25. 17,847 shares of the stock traded hands, compared to its average volume of 1,088,941. The company has a quick ratio of 4.36, a current ratio of 4.73 and a debt-to-equity ratio of 0.50. Redfin Corp has a twelve month low of $13.50 and a twelve month high of $26.01. The company has a market cap of $1.54 billion, a price-to-earnings ratio of -35.20 and a beta of 0.91.

Redfin (NASDAQ:RDFN) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.74) earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $110.10 million for the quarter, compared to the consensus estimate of $103.97 million. During the same quarter last year, the business posted ($0.44) EPS. Redfin’s revenue for the quarter was up 37.8% on a year-over-year basis. On average, research analysts anticipate that Redfin Corp will post -0.95 earnings per share for the current fiscal year.

RDFN has been the topic of several recent analyst reports. 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 on the stock. Zacks Investment Research lowered Redfin from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. ValuEngine upgraded Redfin from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Cowen reiterated a “buy” rating and issued a $21.00 price target on shares of Redfin in a research note on Monday, February 4th. Finally, BidaskClub upgraded Redfin from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $21.67.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Redfin by 29.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,056,148 shares of the company’s stock valued at $150,651,000 after acquiring an additional 1,836,101 shares in the last quarter. Jackson Square Partners LLC lifted its holdings in Redfin by 6.9% during the 1st quarter. Jackson Square Partners LLC now owns 6,490,949 shares of the company’s stock worth $131,571,000 after buying an additional 417,458 shares during the period. BlackRock Inc. lifted its holdings in Redfin by 5.3% during the 4th quarter. BlackRock Inc. now owns 5,214,205 shares of the company’s stock worth $75,084,000 after buying an additional 260,358 shares during the period. Baillie Gifford & Co. lifted its holdings in Redfin by 1.4% during the 1st quarter. Baillie Gifford & Co. now owns 4,747,382 shares of the company’s stock worth $96,229,000 after buying an additional 63,333 shares during the period. Finally, SEI Investments Co lifted its holdings in Redfin by 81.4% during the 1st quarter. SEI Investments Co now owns 1,541,185 shares of the company’s stock worth $31,256,000 after buying an additional 691,608 shares during the period. 92.03% of the stock is currently owned by institutional investors.

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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.

See Also: Outstanding Shares, Buying and Selling Stocks

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

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