Redfin Corp (RDFN) CFO Sells $51,180.00 in Stock

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Redfin Corp (NASDAQ:RDFN) CFO Christopher John Nielsen sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $17.06, for a total value of $51,180.00. Following the completion of the sale, the chief financial officer now directly owns 3,000 shares in the company, valued at $51,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Christopher John Nielsen also recently made the following trade(s):

  • On Monday, December 24th, Christopher John Nielsen sold 3,000 shares of Redfin stock. The shares were sold at an average price of $14.00, for a total value of $42,000.00.
  • On Thursday, November 15th, Christopher John Nielsen sold 10,000 shares of Redfin stock. The shares were sold at an average price of $15.04, for a total value of $150,400.00.

NASDAQ:RDFN opened at $17.37 on Thursday. Redfin Corp has a twelve month low of $13.50 and a twelve month high of $27.27. The stock has a market capitalization of $1.54 billion, a P/E ratio of -86.85 and a beta of 0.24. The company has a current ratio of 8.57, a quick ratio of 8.15 and a debt-to-equity ratio of 0.30.

Redfin (NASDAQ:RDFN) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. Redfin had a negative return on equity of 12.10% and a negative net margin of 6.88%. The firm had revenue of $140.30 million for the quarter, compared to analyst estimates of $139.45 million. During the same period last year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. Equities analysts predict that Redfin Corp will post -0.54 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in RDFN. Capital International Investors acquired a new stake in shares of Redfin during the third quarter valued at about $107,820,000. Vanguard Group Inc. boosted its stake in shares of Redfin by 29.5% during the third quarter. Vanguard Group Inc. now owns 8,056,148 shares of the company’s stock valued at $150,651,000 after purchasing an additional 1,836,101 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Redfin by 29.5% during the third quarter. Vanguard Group Inc now owns 8,056,148 shares of the company’s stock valued at $150,651,000 after purchasing an additional 1,836,101 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Redfin by 33.8% during the third quarter. BlackRock Inc. now owns 4,953,847 shares of the company’s stock valued at $92,637,000 after purchasing an additional 1,251,210 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. boosted its stake in shares of Redfin by 31.9% during the third quarter. Nikko Asset Management Americas Inc. now owns 2,333,868 shares of the company’s stock valued at $43,783,000 after purchasing an additional 564,802 shares in the last quarter. 93.83% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on RDFN. BidaskClub raised Redfin from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. DA Davidson reduced their price objective on Redfin to $17.50 and set a “neutral” rating on the stock in a research note on Tuesday, November 13th. Needham & Company LLC began coverage on Redfin in a research note on Tuesday, January 8th. They issued a “hold” rating on the stock. Zacks Investment Research lowered Redfin from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Finally, Zelman & Associates lowered Redfin from a “buy” rating to a “hold” rating in a research note on Friday, November 9th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Redfin currently has a consensus rating of “Hold” and a consensus target price of $22.05.

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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, 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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