Redfin Corp (NASDAQ:RDFN) Director Robert J. Mylod, Jr. sold 112,282 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $17.50, for a total value of $1,964,935.00. Following the sale, the director now owns 4,516 shares in the company, valued at $79,030. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
RDFN stock traded down $0.30 during trading on Friday, hitting $17.74. The stock had a trading volume of 117,428 shares, compared to its average volume of 1,225,905. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.91 and a quick ratio of 3.19. Redfin Corp has a twelve month low of $13.50 and a twelve month high of $23.47. The stock has a market capitalization of $1.64 billion, a P/E ratio of -36.20 and a beta of 1.36. The company’s 50-day moving average price is $17.94 and its two-hundred day moving average price is $18.87.
Redfin (NASDAQ:RDFN) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. Redfin had a negative return on equity of 25.83% and a negative net margin of 15.47%. The company had revenue of $197.80 million for the quarter, compared to analysts’ expectations of $190.35 million. During the same period in the previous year, the firm posted $0.04 EPS. Redfin’s revenue was up 38.7% compared to the same quarter last year. As a group, sell-side analysts expect that Redfin Corp will post -0.93 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. RFG Advisory LLC grew its stake in shares of Redfin by 8.1% in the second quarter. RFG Advisory LLC now owns 11,363 shares of the company’s stock worth $203,000 after acquiring an additional 850 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Redfin in the second quarter worth $6,461,000. UBS Asset Management Americas Inc. grew its stake in shares of Redfin by 3.5% in the second quarter. UBS Asset Management Americas Inc. now owns 50,601 shares of the company’s stock worth $910,000 after acquiring an additional 1,730 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Redfin in the second quarter worth $151,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Redfin in the second quarter worth $2,319,000. Institutional investors own 93.14% of the company’s stock.
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: Cost of Capital
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.