Redfin Corp (RDFN) Insider Sells $102,750.00 in Stock

Redfin Corp (NASDAQ:RDFN) insider Scott Nagel sold 6,250 shares of Redfin stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $16.44, for a total value of $102,750.00. Following the sale, the insider now owns 14,583 shares of the company’s stock, valued at approximately $239,744.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

NASDAQ:RDFN opened at $15.72 on Friday. Redfin Corp has a 1-year low of $15.23 and a 1-year high of $31.50.

Redfin (NASDAQ:RDFN) last released its earnings results on Thursday, August 9th. The company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The company had revenue of $142.60 million during the quarter, compared to the consensus estimate of $140.12 million. Redfin had a negative return on equity of 10.83% and a negative net margin of 15.12%. Redfin’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. On average, analysts anticipate that Redfin Corp will post -0.42 EPS for the current fiscal year.



A number of brokerages have recently issued reports on RDFN. Zacks Investment Research downgraded Redfin from a “hold” rating to a “sell” rating in a research report on Tuesday. Cowen set a $23.00 price target on Redfin and gave the company a “buy” rating in a research report on Friday, October 19th. BidaskClub downgraded Redfin from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Stifel Nicolaus dropped their price target on Redfin from $25.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, August 10th. Finally, DA Davidson downgraded Redfin from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Friday, August 10th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Redfin presently has an average rating of “Hold” and a consensus price target of $23.58.

A number of large investors have recently added to or reduced their stakes in the stock. Institute for Wealth Management LLC. lifted its position in Redfin by 14.9% in the 2nd quarter. Institute for Wealth Management LLC. now owns 19,749 shares of the company’s stock worth $456,000 after buying an additional 2,559 shares during the last quarter. Perkins Coie Trust Co lifted its position in Redfin by 52.4% in the 2nd quarter. Perkins Coie Trust Co now owns 8,648 shares of the company’s stock worth $200,000 after buying an additional 2,972 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in Redfin by 26.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 17,790 shares of the company’s stock worth $411,000 after buying an additional 3,760 shares during the last quarter. Voya Investment Management LLC lifted its position in Redfin by 18.1% in the 2nd quarter. Voya Investment Management LLC now owns 28,457 shares of the company’s stock worth $657,000 after buying an additional 4,366 shares during the last quarter. Finally, Great West Life Assurance Co. Can bought a new stake in Redfin in the 2nd quarter worth approximately $106,000. Institutional investors own 77.42% of the company’s stock.

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, such as assisting individuals to 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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