Redfin Corp (NASDAQ:RDFN) CTO Bridget Frey sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $18.00, for a total transaction of $90,000.00. Following the sale, the chief technology officer now owns 69,796 shares in the company, valued at approximately $1,256,328. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Bridget Frey also recently made the following trade(s):

  • On Friday, August 2nd, Bridget Frey sold 5,000 shares of Redfin stock. The shares were sold at an average price of $18.88, for a total transaction of $94,400.00.
  • On Monday, July 1st, Bridget Frey sold 5,000 shares of Redfin stock. The shares were sold at an average price of $18.22, for a total transaction of $91,100.00.

NASDAQ:RDFN traded down $0.16 during trading hours on Friday, reaching $17.91. The company’s stock had a trading volume of 381,000 shares, compared to its average volume of 1,039,840. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -36.55 and a beta of 1.38. The firm has a 50-day simple moving average of $17.64 and a 200-day simple moving average of $18.68. Redfin Corp has a 1 year low of $13.50 and a 1 year high of $23.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.19 and a current ratio of 3.91.

Redfin (NASDAQ:RDFN) last issued its earnings results on Thursday, August 1st. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The company had revenue of $197.80 million for the quarter, compared to analysts’ expectations of $190.35 million. Redfin had a negative net margin of 15.47% and a negative return on equity of 25.83%. The firm’s revenue was up 38.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. Equities analysts anticipate that Redfin Corp will post -0.93 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. RFG Advisory LLC raised its position in Redfin by 8.1% in the 2nd quarter. RFG Advisory LLC now owns 11,363 shares of the company’s stock worth $203,000 after purchasing an additional 850 shares during the period. Penserra Capital Management LLC purchased a new position in Redfin in the 1st quarter worth $25,000. Keybank National Association OH raised its position in Redfin by 6.4% in the 1st quarter. Keybank National Association OH now owns 27,492 shares of the company’s stock worth $557,000 after purchasing an additional 1,660 shares during the period. UBS Asset Management Americas Inc. raised its position in Redfin by 3.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 50,601 shares of the company’s stock worth $910,000 after purchasing an additional 1,730 shares during the period. Finally, First Republic Investment Management Inc. increased its position in shares of Redfin by 7.8% in the second quarter. First Republic Investment Management Inc. now owns 24,261 shares of the company’s stock valued at $436,000 after acquiring an additional 1,761 shares during the period. Institutional investors own 88.63% of the company’s stock.

RDFN has been the topic of several research reports. DA Davidson set a $16.00 price objective on shares of Redfin and gave the company a “hold” rating in a research report on Tuesday, July 2nd. Wedbush set a $30.00 price objective on shares of Redfin and gave the company a “buy” rating in a research report on Friday, July 12th. BidaskClub upgraded shares of Redfin from a “hold” rating to a “buy” rating in a research report on Friday. Bank of America raised their price objective on shares of Redfin from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Cowen set a $24.00 price objective on shares of Redfin and gave the company a “buy” rating in a research report on Friday, June 21st. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Redfin has an average rating of “Buy” and an average price target of $23.00.

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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