Redfin Co. (NASDAQ:RDFN) Insider Christian John Taubman Sells 16,333 Shares

Redfin Co. (NASDAQ:RDFN - Get Free Report) 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 owns 73,466 shares in the company, valued at $620,053.04. This trade represents a 18.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Redfin Trading Down 1.4 %

NASDAQ RDFN traded down $0.12 on Friday, reaching $8.20. The company's stock had a trading volume of 2,955,844 shares, compared to its average volume of 5,467,148. The firm has a market cap of $1.02 billion, a PE ratio of -6.41 and a beta of 2.63. The business has a 50-day moving average price of $9.39 and a 200 day moving average price of $9.11. Redfin Co. has a 52 week low of $5.10 and a 52 week high of $15.29.

Redfin (NASDAQ:RDFN - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.08). The business had revenue of $278.02 million for the quarter, compared to analysts' expectations of $280.21 million. During the same quarter in the previous year, the business posted ($0.17) EPS. Analysts anticipate that Redfin Co. will post -1.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Redfin

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RDFN. Bank of New York Mellon Corp boosted its position in Redfin by 15.4% in the second quarter. Bank of New York Mellon Corp now owns 446,172 shares of the company's stock valued at $2,681,000 after buying an additional 59,689 shares in the last quarter. Rhumbline Advisers boosted its position in Redfin by 12.2% in the second quarter. Rhumbline Advisers now owns 177,096 shares of the company's stock valued at $1,064,000 after buying an additional 19,229 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Redfin by 5.4% during the second quarter. Arizona State Retirement System now owns 33,381 shares of the company's stock worth $201,000 after purchasing an additional 1,710 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Redfin by 61.8% during the second quarter. Headlands Technologies LLC now owns 54,288 shares of the company's stock worth $326,000 after purchasing an additional 20,737 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Redfin during the second quarter worth approximately $108,000. 61.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RDFN has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Redfin from $7.00 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. Susquehanna boosted their price objective on shares of Redfin from $7.00 to $10.00 and gave the stock a "neutral" rating in a report on Monday, November 11th. Wedbush boosted their price objective on shares of Redfin from $8.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Jefferies Financial Group boosted their price objective on shares of Redfin from $7.50 to $11.50 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Finally, DA Davidson restated a "neutral" rating and set a $7.25 price objective on shares of Redfin in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $8.98.

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.