Redfin Corp (NASDAQ:RDFN) – Equities researchers at Wedbush increased their Q3 2020 earnings per share (EPS) estimates for shares of Redfin in a note issued to investors on Thursday, November 7th. Wedbush analyst Y. Arounian now forecasts that the company will post earnings of $0.16 per share for the quarter, up from their previous estimate of $0.15.

RDFN has been the topic of a number of other reports. DA Davidson set a $17.50 target price on Redfin and gave the company a “hold” rating in a research report on Tuesday, October 15th. BidaskClub raised Redfin from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Piper Jaffray Companies upped their target price on Redfin from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday. Zacks Investment Research raised Redfin from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, October 8th. Finally, Stifel Nicolaus upped their target price on Redfin from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Redfin currently has a consensus rating of “Buy” and a consensus price target of $23.18.

RDFN opened at $20.19 on Friday. The business has a 50-day moving average of $17.22 and a two-hundred day moving average of $17.75. Redfin has a 12 month low of $13.50 and a 12 month high of $23.47. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -41.20 and a beta of 1.38. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.91 and a quick ratio of 3.19.

Redfin (NASDAQ:RDFN) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $238.68 million during the quarter, compared to analysts’ expectations of $229.94 million. Redfin had a negative return on equity of 25.83% and a negative net margin of 15.47%. The firm’s revenue was up 70.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS.

Several large investors have recently added to or reduced their stakes in RDFN. Nisa Investment Advisors LLC bought a new position in shares of Redfin in the third quarter worth $25,000. Tower Research Capital LLC TRC bought a new position in shares of Redfin in the third quarter worth $25,000. NumerixS Investment Technologies Inc bought a new position in shares of Redfin in the second quarter worth $49,000. Usca Ria LLC bought a new position in shares of Redfin in the third quarter worth $51,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Redfin by 28.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,646 shares of the company’s stock worth $61,000 after purchasing an additional 815 shares in the last quarter. 88.98% of the stock is owned by institutional investors.

In other news, CFO Christopher John Nielsen sold 3,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $17.09, for a total value of $51,270.00. Following the completion of the transaction, the chief financial officer now owns 8,542 shares of the company’s stock, valued at $145,982.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Adam Wiener sold 5,000 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $18.28, for a total value of $91,400.00. Following the completion of the transaction, the insider now directly owns 231,672 shares of the company’s stock, valued at approximately $4,234,964.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 150,250 shares of company stock valued at $2,636,734. 8.20% of the stock is owned by company insiders.

About Redfin

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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Earnings History and Estimates for Redfin (NASDAQ:RDFN)

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