Redfin Corp (NASDAQ:RDFN) Director Robert J. Mylod, Jr. sold 112,282 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $17.50, for a total value of $1,964,935.00. Following the sale, the director now directly owns 4,516 shares in the company, valued at approximately $79,030. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
RDFN stock traded down $0.35 during mid-day trading on Thursday, reaching $18.04. The company had a trading volume of 610,251 shares, compared to its average volume of 1,076,854. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.91 and a quick ratio of 3.19. The stock has a 50 day simple moving average of $17.93 and a two-hundred day simple moving average of $18.86. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of -36.82 and a beta of 1.36. Redfin Corp has a 52 week low of $13.50 and a 52 week high of $23.47.
Redfin (NASDAQ:RDFN) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.01. The firm had revenue of $197.80 million during the quarter, compared to the consensus estimate of $190.35 million. Redfin had a negative return on equity of 25.83% and a negative net margin of 15.47%. The business’s revenue was up 38.7% compared to the same quarter last year. During the same period last year, the company earned $0.04 earnings per share. On average, equities analysts predict that Redfin Corp will post -0.93 EPS for the current year.
A number of research firms have recently commented on RDFN. DA Davidson set a $16.00 price target on Redfin and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. ValuEngine upgraded Redfin from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Bank of America increased their price objective on Redfin from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. SunTrust Banks began coverage on Redfin in a report on Tuesday, July 9th. They set a “buy” rating and a $23.00 price objective for the company. Finally, Stifel Nicolaus increased their price objective on Redfin from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Redfin currently has an average rating of “Buy” and an average price target of $22.93.
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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