Christopher John Nielsen Sells 4,500 Shares of Redfin Co. (NASDAQ:RDFN) Stock

Redfin Co. (NASDAQ:RDFN) CFO Christopher John Nielsen sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, June 7th. The stock was sold at an average price of $56.97, for a total transaction of $256,365.00. Following the sale, the chief financial officer now directly owns 28,477 shares in the company, valued at approximately $1,622,334.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Christopher John Nielsen also recently made the following trade(s):

  • On Wednesday, May 5th, Christopher John Nielsen sold 4,500 shares of Redfin stock. The stock was sold at an average price of $66.23, for a total transaction of $298,035.00.

Shares of RDFN opened at $59.91 on Friday. The stock has a market cap of $6.23 billion, a PE ratio of -1,497.75 and a beta of 1.87. The company has a quick ratio of 6.77, a current ratio of 7.18 and a debt-to-equity ratio of 3.31. The firm’s fifty day moving average price is $61.12. Redfin Co. has a twelve month low of $31.02 and a twelve month high of $98.44.

Redfin (NASDAQ:RDFN) last announced its quarterly earnings results on Wednesday, May 5th. The company reported ($0.37) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.04). Redfin had a net margin of 0.60% and a return on equity of 1.37%. On average, analysts predict that Redfin Co. will post -0.52 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. KB Financial Partners LLC purchased a new stake in Redfin during the 1st quarter valued at $232,000. Advisory Services Network LLC lifted its position in shares of Redfin by 333.1% in the 1st quarter. Advisory Services Network LLC now owns 23,293 shares of the company’s stock worth $1,551,000 after purchasing an additional 17,915 shares during the period. Axiom Investment Management LLC lifted its position in shares of Redfin by 5,218.8% in the 1st quarter. Axiom Investment Management LLC now owns 18,350 shares of the company’s stock worth $1,222,000 after purchasing an additional 18,005 shares during the period. Atreides Management LP lifted its position in shares of Redfin by 16.5% in the 1st quarter. Atreides Management LP now owns 393,896 shares of the company’s stock worth $26,230,000 after purchasing an additional 55,700 shares during the period. Finally, Squarepoint Ops LLC purchased a new stake in shares of Redfin in the 1st quarter worth about $1,503,000. 84.27% of the stock is owned by institutional investors and hedge funds.

RDFN has been the topic of a number of research analyst reports. Wedbush decreased their price target on shares of Redfin from $94.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, May 6th. Zacks Investment Research lowered shares of Redfin from a “hold” rating to a “sell” rating in a report on Tuesday, May 11th. TheStreet lowered shares of Redfin from a “c-” rating to a “d+” rating in a report on Friday, May 28th. DA Davidson increased their price target on shares of Redfin from $70.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, February 25th. Finally, Piper Sandler decreased their price target on shares of Redfin from $99.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 6th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Redfin currently has a consensus rating of “Hold” and a consensus price target of $61.50.

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; originates and sells mortgages; and buys and sells homes.

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