Redfin Corp (NASDAQ:RDFN) – Equities research analysts at Piper Jaffray Companies issued their Q1 2021 earnings per share estimates for Redfin in a research report issued on Wednesday, November 6th. Piper Jaffray Companies analyst J. Deleeuw expects that the company will post earnings per share of ($0.66) for the quarter. Piper Jaffray Companies currently has a “Overweight” rating and a $28.00 price target on the stock. Piper Jaffray Companies also issued estimates for Redfin’s Q2 2021 earnings at $0.05 EPS and Q3 2021 earnings at $0.16 EPS.
RDFN has been the subject of a number of other reports. Compass Point raised Redfin from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, August 2nd. Zelman & Associates raised Redfin from a “hold” rating to a “buy” rating in a report on Thursday. SunTrust Banks reaffirmed a “buy” rating and issued a $24.00 price target on shares of Redfin in a report on Monday. Wedbush set a $30.00 price target on Redfin and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, ValuEngine lowered Redfin from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $23.18.
Shares of Redfin stock traded up $2.24 during trading hours on Friday, reaching $20.19. The company had a trading volume of 3,360,900 shares, compared to its average volume of 1,039,061. Redfin has a one year low of $13.50 and a one year high of $23.47. The business has a fifty day simple moving average of $17.22 and a 200 day simple moving average of $17.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.91 and a quick ratio of 3.19. The firm has a market cap of $1.73 billion, a PE ratio of -41.20 and a beta of 1.38.
Redfin (NASDAQ:RDFN) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. Redfin had a negative return on equity of 25.83% and a negative net margin of 15.47%. The business had revenue of $238.68 million during the quarter, compared to analyst estimates of $229.94 million. During the same period in the prior year, the company earned $0.14 earnings per share. Redfin’s revenue was up 70.2% compared to the same quarter last year.
In related news, CFO Christopher John Nielsen sold 3,000 shares of Redfin stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $17.09, for a total transaction of $51,270.00. Following the completion of the sale, the chief financial officer now owns 8,542 shares of the company’s stock, valued at $145,982.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert J. Mylod, Jr. sold 112,282 shares of Redfin stock in a transaction on 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 directly owns 4,516 shares of the company’s stock, valued at approximately $79,030. The disclosure for this sale can be found here. Insiders have sold 150,250 shares of company stock valued at $2,636,734 in the last three months. 8.20% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new stake in Redfin during the third quarter valued at $25,000. Tower Research Capital LLC TRC bought a new stake in Redfin during the third quarter valued at $25,000. NumerixS Investment Technologies Inc bought a new stake in Redfin during the second quarter valued at $49,000. Usca Ria LLC bought a new stake in Redfin during the third quarter valued at $51,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in Redfin by 28.8% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,646 shares of the company’s stock valued at $61,000 after purchasing an additional 815 shares in the last quarter. 88.98% of the stock is owned by institutional investors.
Redfin Company Profile
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.
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