Redfin Corp (NASDAQ:RDFN) CFO Christopher John Nielsen sold 3,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $17.09, for a total transaction of $51,270.00. Following the transaction, the chief financial officer now directly owns 8,542 shares in the company, valued at $145,982.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Christopher John Nielsen also recently made the following trade(s):
- On Monday, July 15th, Christopher John Nielsen sold 3,000 shares of Redfin stock. The stock was sold at an average price of $17.35, for a total transaction of $52,050.00.
Redfin stock opened at $18.07 on Friday. The company has a current ratio of 3.91, a quick ratio of 3.19 and a debt-to-equity ratio of 0.54. Redfin Corp has a 12-month low of $13.50 and a 12-month high of $23.47. The firm has a 50 day moving average of $17.64 and a 200 day moving average of $18.68. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -36.87 and a beta of 1.38.
Redfin (NASDAQ:RDFN) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. Redfin had a negative net margin of 15.47% and a negative return on equity of 25.83%. The business had revenue of $197.80 million during the quarter, compared to analyst estimates of $190.35 million. During the same period last year, the firm posted $0.04 EPS. The company’s revenue was up 38.7% on a year-over-year basis. On average, analysts predict that Redfin Corp will post -0.93 EPS for the current year.
A number of equities analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of Redfin in a research note on Friday, July 19th. They issued a “sector weight” rating and a $18.00 price target on the stock. DA Davidson set a $16.00 price target on shares of Redfin and gave the stock a “hold” rating in a research note on Tuesday, July 2nd. Stifel Nicolaus upped their price target on shares of Redfin from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Craig Hallum upgraded shares of Redfin from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, August 21st. Finally, Bank of America upped their target price on shares of Redfin from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $23.00.
Several hedge funds have recently bought and sold shares of the stock. RFG Advisory LLC grew its holdings in shares of Redfin by 8.1% in the second quarter. RFG Advisory LLC now owns 11,363 shares of the company’s stock valued at $203,000 after purchasing an additional 850 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Redfin in the second quarter worth $6,461,000. UBS Asset Management Americas Inc. lifted its position in Redfin by 3.5% in the second quarter. UBS Asset Management Americas Inc. now owns 50,601 shares of the company’s stock worth $910,000 after buying an additional 1,730 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Redfin in the second quarter worth $151,000. Finally, Point72 Asset Management L.P. bought a new stake in Redfin in the second quarter worth $2,319,000. 88.63% of the stock is owned by hedge funds and other institutional investors.
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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