Adam Wiener Sells 7,500 Shares of Redfin Corp (RDFN) Stock

Redfin Corp (NASDAQ:RDFN) insider Adam Wiener sold 7,500 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $23.00, for a total transaction of $172,500.00. Following the transaction, the insider now owns 145,849 shares in the company, valued at approximately $3,354,527. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Monday, April 1st, Adam Wiener sold 5,000 shares of Redfin stock. The stock was sold at an average price of $21.00, for a total transaction of $105,000.00.
  • On Friday, March 22nd, Adam Wiener sold 5,000 shares of Redfin stock. The stock was sold at an average price of $20.00, for a total transaction of $100,000.00.
  • On Monday, March 18th, Adam Wiener sold 5,000 shares of Redfin stock. The stock was sold at an average price of $18.55, for a total transaction of $92,750.00.
  • On Friday, February 15th, Adam Wiener sold 10,000 shares of Redfin stock. The stock was sold at an average price of $19.58, for a total transaction of $195,800.00.
  • On Tuesday, January 15th, Adam Wiener sold 5,000 shares of Redfin stock. The stock was sold at an average price of $17.11, for a total transaction of $85,550.00.

NASDAQ RDFN opened at $22.45 on Thursday. The company has a current ratio of 10.74, a quick ratio of 10.25 and a debt-to-equity ratio of 0.31. The company has a market cap of $2.12 billion, a P/E ratio of -45.82 and a beta of 0.92. Redfin Corp has a 1 year low of $13.50 and a 1 year high of $26.01.

Redfin (NASDAQ:RDFN) last posted its quarterly earnings results on Thursday, February 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.04. The business had revenue of $124.10 million for the quarter, compared to analyst estimates of $117.15 million. Redfin had a negative net margin of 8.62% and a negative return on equity of 14.24%. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) EPS. Equities analysts expect that Redfin Corp will post -0.87 EPS for the current year.

A number of research analysts have issued reports on the stock. ValuEngine upgraded shares of Redfin from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Zacks Investment Research upgraded shares of Redfin from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, January 30th. Finally, BidaskClub upgraded shares of Redfin from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.66.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its position in shares of Redfin by 7.8% during the 4th quarter. Geode Capital Management LLC now owns 803,800 shares of the company’s stock worth $11,574,000 after acquiring an additional 58,302 shares in the last quarter. Norges Bank acquired a new stake in shares of Redfin during the 4th quarter worth approximately $6,554,000. Dimensional Fund Advisors LP acquired a new stake in shares of Redfin during the 4th quarter worth approximately $350,000. Amalgamated Bank acquired a new stake in shares of Redfin during the 4th quarter worth approximately $165,000. Finally, Macquarie Group Ltd. boosted its position in shares of Redfin by 13.7% during the 4th quarter. Macquarie Group Ltd. now owns 1,146,064 shares of the company’s stock worth $16,503,000 after acquiring an additional 138,058 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

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About Redfin

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.

Further Reading: Retained Earnings

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

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