Redfin (NASDAQ:RDFN – Get Free Report) posted its earnings results on Tuesday. The company reported ($0.57) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.01, Briefing.com reports. Redfin had a negative net margin of 11.95% and a negative return on equity of 1,780.89%. The company had revenue of $225.50 million during the quarter, compared to the consensus estimate of $217.79 million. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.93) earnings per share.
Redfin Trading Up 13.1 %
NASDAQ:RDFN opened at $7.07 on Friday. Redfin has a 12 month low of $4.26 and a 12 month high of $17.68. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 295.91. The firm’s 50 day moving average is $6.12 and its 200 day moving average is $7.15. The stock has a market capitalization of $844.66 million, a PE ratio of -5.94 and a beta of 2.68.
Insider Buying and Selling at Redfin
In other Redfin news, insider Christian John Taubman sold 7,916 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $6.90, for a total value of $54,620.40. Following the sale, the insider now directly owns 52,117 shares in the company, valued at $359,607.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Christian John Taubman sold 7,916 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $6.90, for a total value of $54,620.40. Following the sale, the insider now owns 52,117 shares of the company’s stock, valued at $359,607.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Anna Stevens sold 10,851 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $6.78, for a total transaction of $73,569.78. Following the completion of the transaction, the insider now directly owns 15,477 shares of the company’s stock, valued at $104,934.06. The disclosure for this sale can be found here. 5.30% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Analysis on RDFN
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.
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