Insider Selling: Redfin Corp (NASDAQ:RDFN) Insider Sells 5,000 Shares of Stock

Redfin Corp (NASDAQ:RDFN) insider Adam Wiener sold 5,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $20.00, for a total transaction of $100,000.00. Following the transaction, the insider now owns 226,672 shares in the company, valued at approximately $4,533,440. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 transaction 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 transaction of $85,900.00.

Redfin stock traded down $0.35 during midday trading on Tuesday, hitting $20.41. The stock had a trading volume of 1,046,982 shares, compared to its average volume of 1,042,125. The firm’s fifty day moving average is $17.34 and its two-hundred day moving average is $17.74. The company has a market capitalization of $1.86 billion, a PE ratio of -41.65 and a beta of 1.38. Redfin Corp has a 52-week low of $13.56 and a 52-week high of $23.47. The company has a current ratio of 4.81, a quick ratio of 3.68 and a debt-to-equity ratio of 0.52.

Redfin (NASDAQ:RDFN) last released its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The company had revenue of $238.68 million during the quarter, compared to analyst estimates of $229.94 million. Redfin had a negative net margin of 12.71% and a negative return on equity of 25.71%. The firm’s quarterly revenue was up 70.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. As a group, equities research analysts predict that Redfin Corp will post -0.92 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new stake in Redfin in the 3rd quarter worth approximately $25,000. Nisa Investment Advisors LLC purchased a new stake in Redfin during the 3rd quarter valued at approximately $25,000. NumerixS Investment Technologies Inc purchased a new stake in Redfin during the 2nd quarter valued at approximately $49,000. Usca Ria LLC purchased a new stake in Redfin during the 3rd quarter valued at approximately $51,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in Redfin by 28.8% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 3,646 shares of the company’s stock valued at $61,000 after buying an additional 815 shares in the last quarter. 88.75% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the stock. Stephens set a $24.00 price target on shares of Redfin and gave the company a “buy” rating in a research report on Monday, September 9th. ValuEngine lowered shares of Redfin from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. BidaskClub raised shares of Redfin from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Compass Point raised shares of Redfin from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Friday, August 2nd. Finally, Piper Jaffray Companies upped their price target on shares of Redfin from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus 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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