Redfin Corp (NASDAQ:RDFN) Insider Adam Wiener Sells 5,000 Shares

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Redfin Corp (NASDAQ:RDFN) insider Adam Wiener sold 5,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $20.00, for a total value of $100,000.00. Following the completion of the transaction, the insider now owns 226,672 shares of the company’s stock, valued at $4,533,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, October 21st, Adam Wiener sold 5,000 shares of Redfin stock. The shares were sold at an average price of $18.28, for a total value of $91,400.00.
  • On Monday, September 23rd, Adam Wiener sold 5,000 shares of Redfin stock. The shares were sold at an average price of $17.18, for a total value of $85,900.00.

Shares of RDFN stock opened at $20.08 on Thursday. The stock has a 50-day moving average of $17.47 and a 200-day moving average of $17.72. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.81 and a quick ratio of 3.68. Redfin Corp has a 1-year low of $13.56 and a 1-year high of $23.47.

Redfin (NASDAQ:RDFN) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share 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 25.71% and a negative net margin of 12.71%. The business’s quarterly revenue was up 70.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Research analysts expect that Redfin Corp will post -0.9 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. grew its stake in Redfin by 21.7% during the second quarter. Baillie Gifford & Co. now owns 5,779,516 shares of the company’s stock worth $103,915,000 after purchasing an additional 1,032,134 shares during the period. Vanguard Group Inc. grew its stake in Redfin by 7.2% during the second quarter. Vanguard Group Inc. now owns 10,440,413 shares of the company’s stock worth $187,718,000 after purchasing an additional 704,587 shares during the period. BlackRock Inc. grew its stake in Redfin by 9.9% during the second quarter. BlackRock Inc. now owns 5,618,562 shares of the company’s stock worth $101,023,000 after purchasing an additional 504,808 shares during the period. Handelsbanken Fonder AB grew its stake in Redfin by 57.9% during the second quarter. Handelsbanken Fonder AB now owns 995,000 shares of the company’s stock worth $17,890,000 after purchasing an additional 364,799 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in Redfin during the second quarter worth approximately $6,461,000. 88.75% of the stock is owned by institutional investors.

Several equities analysts have commented on the company. Stephens set a $24.00 target price on Redfin and gave the company a “buy” rating in a research report on Monday, September 9th. Zelman & Associates upgraded Redfin from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Piper Jaffray Companies increased their target price on Redfin from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Bank of America increased their target price on Redfin from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, BidaskClub upgraded Redfin from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Redfin presently has a consensus rating of “Buy” and an average target price of $23.18.

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

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