Redfin Co. (NASDAQ:RDFN) Insider Christian John Taubman Sells 3,632 Shares

Redfin Co. (NASDAQ:RDFN) insider Christian John Taubman sold 3,632 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $6.96, for a total value of $25,278.72. Following the completion of the transaction, the insider now directly owns 57,274 shares of the company’s stock, valued at $398,627.04. The sale was disclosed in a filing with the SEC, which is available through this link.

Christian John Taubman also recently made the following trade(s):

• On Friday, March 1st, Christian John Taubman sold 7,916 shares of Redfin stock. The stock was sold at an average price of $6.90, for a total value of $54,620.40.

Redfin Stock Down 0.8 %

Shares of NASDAQ:RDFN opened at $6.43 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 295.91. Redfin Co. has a 1 year low of $4.26 and a 1 year high of $17.68. The business has a fifty day simple moving average of $6.23 and a 200 day simple moving average of $7.31.

Redfin (NASDAQ:RDFN) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.57) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.01. Redfin had a negative return on equity of 1,780.89% and a negative net margin of 13.76%. The business had revenue of $225.50 million during the quarter, compared to analyst estimates of $217.79 million. During the same period last year, the company earned ($0.93) earnings per share. Redfin’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts expect that Redfin Co. will post -1.12 EPS for the current fiscal year.

Analyst Ratings Changes

RDFN has been the subject of a number of recent analyst reports. DA Davidson increased their price objective on Redfin from $6.75 to $7.25 and gave the stock a “neutral” rating in a report on Wednesday, May 8th. Royal Bank of Canada decreased their price target on Redfin from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. Wedbush reaffirmed a “neutral” rating and set a $8.00 price target on shares of Redfin in a research note on Wednesday, May 8th. Citigroup cut their price objective on Redfin from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, Susquehanna increased their price objective on Redfin from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Redfin currently has an average rating of “Hold” and a consensus price target of $8.08.

Institutional Trading of Redfin

Several hedge funds and other institutional investors have recently modified their holdings of RDFN. Vanguard Group Inc. raised its holdings in shares of Redfin by 11.3% during the first quarter. Vanguard Group Inc. now owns 19,191,434 shares of the company’s stock worth $127,623,000 after acquiring an additional 1,953,127 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in Redfin by 25.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 2,173,004 shares of the company’s stock worth $14,450,000 after buying an additional 445,486 shares during the last quarter. Trexquant Investment LP increased its position in Redfin by 208.8% during the fourth quarter. Trexquant Investment LP now owns 617,880 shares of the company’s stock worth $6,377,000 after buying an additional 417,811 shares during the last quarter. HST Ventures LLC acquired a new position in Redfin during the fourth quarter worth $4,086,000. Finally, Qube Research & Technologies Ltd increased its position in Redfin by 144.0% during the third quarter. Qube Research & Technologies Ltd now owns 499,577 shares of the company’s stock worth $3,517,000 after buying an additional 294,802 shares during the last quarter. 61.07% of the stock is currently owned by hedge funds and other institutional investors.

About Redfin

Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates and sells mortgages.