Redfin (RDFN) Projected to Post Quarterly Earnings on Tuesday

Redfin (NASDAQ:RDFN) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.23) per share and revenue of $242.51 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Redfin Stock Performance

NASDAQ RDFN opened at $8.87 on Tuesday. The business’s fifty day moving average is $8.20 and its 200 day moving average is $9.43. Redfin has a fifty-two week low of $5.10 and a fifty-two week high of $15.29. The company has a market capitalization of $1.10 billion, a PE ratio of -6.93 and a beta of 2.66.

Insider Activity

In other Redfin news, insider Anthony Ray Kappus sold 8,417 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $8.43, for a total transaction of $70,955.31. Following the completion of the transaction, the insider now owns 29,978 shares in the company, valued at $252,714.54. This trade represents a 21.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christian John Taubman sold 16,333 shares of Redfin stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $8.44, for a total transaction of $137,850.52. Following the completion of the transaction, the insider now directly owns 73,466 shares of the company’s stock, valued at $620,053.04. The trade was a 18.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RDFN shares. DA Davidson reiterated a “neutral” rating and set a $7.25 price objective on shares of Redfin in a research note on Tuesday, November 19th. Susquehanna increased their price objective on shares of Redfin from $7.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Citigroup decreased their price objective on shares of Redfin from $10.50 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, January 3rd. Wedbush upped their target price on shares of Redfin from $8.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group cut Redfin from a “neutral” rating to a “sell” rating and raised their price target for the company from $6.00 to $6.50 in a report on Monday, November 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.16.

Redfin Company Profile

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.