Redfin Corp (NASDAQ:RDFN) insider Adam Wiener sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $23.00, for a total transaction of $230,000.00. Following the sale, the insider now directly owns 289,649 shares in the company, valued at $6,661,927. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Adam Wiener also recently made the following trade(s):
- On Tuesday, February 27th, Adam Wiener sold 10,000 shares of Redfin stock. The stock was sold at an average price of $20.82, for a total transaction of $208,200.00.
Redfin Corp (NASDAQ RDFN) opened at $22.98 on Friday. Redfin Corp has a 1 year low of $19.18 and a 1 year high of $33.49.
A number of large investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC increased its position in Redfin by 12.4% during the fourth quarter. Teachers Advisors LLC now owns 20,569 shares of the company’s stock worth $644,000 after acquiring an additional 2,267 shares during the period. Bank of New York Mellon Corp increased its position in Redfin by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 37,489 shares of the company’s stock worth $1,174,000 after acquiring an additional 4,308 shares during the period. MetLife Investment Advisors LLC bought a new position in Redfin during the fourth quarter worth about $155,000. Advisor Group Inc. bought a new position in Redfin during the third quarter worth about $129,000. Finally, SG Americas Securities LLC bought a new position in Redfin during the third quarter worth about $139,000. 52.71% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on RDFN. BidaskClub lowered shares of Redfin from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Royal Bank of Canada reissued a “hold” rating and issued a $28.00 price objective on shares of Redfin in a research report on Friday, November 10th. Piper Jaffray Companies increased their price objective on shares of Redfin from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Zacks Investment Research lowered shares of Redfin from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Finally, Bank of America dropped their price objective on shares of Redfin from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $25.73.
Redfin Company Profile
Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.
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