Redfin Co. (NASDAQ:RDFN) Insider Anthony Ray Kappus Sells 8,417 Shares

Redfin Co. (NASDAQ:RDFN) insider Anthony Ray Kappus sold 8,417 shares of the stock in a transaction that occurred 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 sale, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Redfin Trading Up 12.3 %

RDFN opened at $9.16 on Friday. The firm’s fifty day moving average is $10.78 and its two-hundred day moving average is $8.70. Redfin Co. has a twelve month low of $5.10 and a twelve month high of $15.29.

Redfin (NASDAQ:RDFN) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.08). The company had revenue of $278.02 million during the quarter, compared to analyst estimates of $280.21 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. As a group, equities analysts expect that Redfin Co. will post -1.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RDFN shares. The Goldman Sachs Group cut Redfin from a “neutral” rating to a “sell” rating and lifted their target price for the company from $6.00 to $6.50 in a research note on Monday, November 18th. B. Riley raised their price target on Redfin from $13.00 to $15.00 and gave the company a “buy” rating in a report on Monday, September 30th. Susquehanna boosted their price objective on Redfin from $7.00 to $10.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Jefferies Financial Group upped their target price on shares of Redfin from $7.50 to $11.50 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, Wedbush lifted their price target on shares of Redfin from $8.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned 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.

Institutional Investors Weigh In On Redfin

A number of hedge funds have recently modified their holdings of the business. Creative Planning grew its position in shares of Redfin by 8.1% in the 3rd quarter. Creative Planning now owns 15,826 shares of the company’s stock valued at $198,000 after purchasing an additional 1,181 shares during the period. Arizona State Retirement System lifted its stake in Redfin by 5.4% in the second quarter. Arizona State Retirement System now owns 33,381 shares of the company’s stock valued at $201,000 after buying an additional 1,710 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Redfin by 9.8% in the first quarter. ProShare Advisors LLC now owns 19,876 shares of the company’s stock valued at $132,000 after buying an additional 1,766 shares during the period. Hollencrest Capital Management bought a new stake in shares of Redfin during the third quarter worth $25,000. Finally, Financial Advocates Investment Management raised its holdings in shares of Redfin by 21.6% during the third quarter. Financial Advocates Investment Management now owns 11,815 shares of the company’s stock worth $148,000 after acquiring an additional 2,100 shares during the period. Institutional investors and hedge funds own 61.07% of the company’s stock.

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.