Redfin Corp (NASDAQ:RDFN) CTO Bridget Frey Sells 6,000 Shares

Share on StockTwits

Redfin Corp (NASDAQ:RDFN) CTO Bridget Frey sold 6,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $19.21, for a total transaction of $115,260.00. Following the transaction, the chief technology officer now directly owns 71,734 shares in the company, valued at approximately $1,378,010.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bridget Frey also recently made the following trade(s):

  • On Monday, November 4th, Bridget Frey sold 5,000 shares of Redfin stock. The stock was sold at an average price of $18.26, for a total transaction of $91,300.00.
  • On Thursday, October 17th, Bridget Frey sold 5,000 shares of Redfin stock. The stock was sold at an average price of $18.00, for a total transaction of $90,000.00.
  • On Wednesday, September 11th, Bridget Frey sold 5,000 shares of Redfin stock. The stock was sold at an average price of $18.00, for a total transaction of $90,000.00.

RDFN traded up $0.65 on Wednesday, hitting $20.00. 712,575 shares of the company’s stock were exchanged, compared to its average volume of 1,054,351. The firm has a market cap of $1.78 billion, a PE ratio of -40.86 and a beta of 1.42. Redfin Corp has a twelve month low of $13.56 and a twelve month high of $23.47. The stock has a fifty day moving average of $18.98 and a two-hundred day moving average of $17.76. The company has a current ratio of 4.81, a quick ratio of 3.68 and a debt-to-equity ratio of 0.52.

Redfin (NASDAQ:RDFN) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $238.68 million for the quarter, compared to analyst estimates of $229.94 million. Redfin had a negative net margin of 12.71% and a negative return on equity of 25.71%. Redfin’s quarterly revenue was up 70.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. On average, analysts predict that Redfin Corp will post -0.9 EPS for the current year.

Large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC acquired a new stake in shares of Redfin in the third quarter valued at approximately $25,000. Tower Research Capital LLC TRC acquired a new stake in shares of Redfin in the third quarter valued at approximately $25,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Redfin in the second quarter valued at approximately $49,000. Usca Ria LLC acquired a new stake in shares of Redfin in the third quarter valued at approximately $51,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Redfin by 28.8% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,646 shares of the company’s stock valued at $61,000 after purchasing an additional 815 shares during the period. Institutional investors own 91.41% of the company’s stock.

Several equities analysts have recently commented on the stock. DA Davidson set a $17.50 price target on shares of Redfin and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Susquehanna Bancshares set a $23.00 price target on shares of Redfin and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Piper Jaffray Companies increased their price target on shares of Redfin from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. BidaskClub upgraded shares of Redfin from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Finally, Zacks Investment Research upgraded shares of Redfin from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Tuesday, October 8th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Redfin presently has an average rating of “Buy” and an average price target of $23.04.

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, 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.

Featured Article: What is diluted earnings per share (Diluted EPS)?

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

Receive News & Ratings for Redfin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redfin and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Clean Yield Group Lowers Stock Holdings in Quest Diagnostics Inc
Clean Yield Group Lowers Stock Holdings in Quest Diagnostics Inc
Clean Yield Group Decreases Stock Position in General Electric
Clean Yield Group Decreases Stock Position in General Electric
Clean Yield Group Grows Stock Holdings in iShares Core S&P Mid-Cap ETF
Clean Yield Group Grows Stock Holdings in iShares Core S&P Mid-Cap ETF
iShares Agency Bond ETF  Shares Bought by Clean Yield Group
iShares Agency Bond ETF Shares Bought by Clean Yield Group
Clean Yield Group Has $452,000 Position in First Solar, Inc.
Clean Yield Group Has $452,000 Position in First Solar, Inc.
Clean Yield Group Buys 2,884 Shares of AFLAC Incorporated
Clean Yield Group Buys 2,884 Shares of AFLAC Incorporated


 
© 2006-2020 Zolmax.