Redfin Corp (NASDAQ:RDFN) CFO Christopher John Nielsen sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $15.04, for a total value of $150,400.00. Following the completion of the sale, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at $150,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of RDFN traded down $0.11 on Thursday, reaching $15.05. 895,738 shares of the company’s stock traded hands, compared to its average volume of 1,329,967. The company has a current ratio of 8.57, a quick ratio of 8.15 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -75.25 and a beta of -0.63. Redfin Corp has a 52-week low of $13.50 and a 52-week high of $31.50.

Redfin (NASDAQ:RDFN) last issued 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. The company had revenue of $140.30 million during the quarter, compared to the consensus estimate of $139.45 million. Redfin had a negative return on equity of 12.10% and a negative net margin of 6.88%. Redfin’s revenue was up 28.1% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. As a group, equities research analysts predict that Redfin Corp will post -0.47 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Great West Life Assurance Co. Can purchased a new stake in shares of Redfin during the second quarter valued at approximately $106,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of Redfin during the third quarter valued at approximately $139,000. Caption Management LLC purchased a new stake in shares of Redfin during the second quarter valued at approximately $191,000. Teacher Retirement System of Texas purchased a new stake in shares of Redfin during the second quarter valued at approximately $211,000. Finally, Royal Bank of Canada increased its position in shares of Redfin by 190.3% during the first quarter. Royal Bank of Canada now owns 10,050 shares of the company’s stock valued at $229,000 after acquiring an additional 6,588 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Several analysts have recently commented on RDFN shares. BidaskClub downgraded Redfin from a “hold” rating to a “sell” rating in a research note on Saturday, October 6th. Cowen set a $21.00 price objective on Redfin and gave the stock a “buy” rating in a research note on Friday, November 9th. Macquarie started coverage on Redfin in a research note on Monday, September 17th. They issued a “neutral” rating and a $20.00 price objective for the company. William Blair reissued an “outperform” rating on shares of Redfin in a research note on Friday, August 10th. Finally, Zelman & Associates downgraded Redfin from a “buy” rating to a “hold” rating in a research note on Friday, November 9th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $22.45.

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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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