Bridget Frey Sells 14,000 Shares of Redfin Co. (NASDAQ:RDFN) Stock

Redfin Co. (NASDAQ:RDFN) CTO Bridget Frey sold 14,000 shares of the company’s stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $60.17, for a total transaction of $842,380.00. Following the transaction, the chief technology officer now owns 164,221 shares of the company’s stock, valued at approximately $9,881,177.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bridget Frey also recently made the following trade(s):

  • On Tuesday, May 4th, Bridget Frey sold 14,000 shares of Redfin stock. The stock was sold at an average price of $67.03, for a total value of $938,420.00.

RDFN opened at $59.91 on Friday. The firm has a market capitalization of $6.23 billion, a PE ratio of -1,497.75 and a beta of 1.87. Redfin Co. has a one year low of $31.02 and a one year high of $98.44. 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 has a 50 day simple moving average of $61.12.

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

A number of institutional investors and hedge funds have recently modified their holdings of RDFN. Sowell Financial Services LLC boosted its stake in Redfin by 211.1% during the first quarter. Sowell Financial Services LLC now owns 532 shares of the company’s stock worth $28,000 after buying an additional 361 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in shares of Redfin during the 1st quarter worth approximately $34,000. Trustcore Financial Services LLC boosted its position in shares of Redfin by 62.5% during the 1st quarter. Trustcore Financial Services LLC now owns 650 shares of the company’s stock worth $43,000 after purchasing an additional 250 shares during the period. HHM Wealth Advisors LLC acquired a new stake in Redfin in the 1st quarter valued at approximately $47,000. Finally, Orion Capital Management LLC purchased a new stake in Redfin in the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

A number of equities analysts have commented on the company. DA Davidson increased their target price on Redfin from $70.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, February 25th. Piper Sandler decreased their price objective on Redfin from $99.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, May 6th. Evercore ISI assumed coverage on shares of Redfin in a research note on Monday, April 5th. They set an “in-line” rating and a $75.00 target price on the stock. They noted that the move was a valuation call. Needham & Company LLC started coverage on shares of Redfin in a research report on Monday, May 3rd. They issued a “hold” rating for the company. Finally, Zacks Investment Research lowered shares of Redfin from a “hold” rating to a “sell” rating in a research report on Tuesday, May 11th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $61.50.

About Redfin

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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