Redfin (RDFN) Projected to Post Earnings on Thursday

Redfin (NASDAQ:RDFN) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of ($0.23) per share and revenue of $242.51 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Redfin Price Performance

Shares of NASDAQ RDFN opened at $8.48 on Wednesday. The stock has a market capitalization of $1.05 billion, a P/E ratio of -6.63 and a beta of 2.66. Redfin has a one year low of $5.10 and a one year high of $15.29. The firm’s 50 day simple moving average is $8.10 and its two-hundred day simple moving average is $9.49.

Insider Transactions at Redfin

In related news, insider Christian John Taubman sold 16,333 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $8.44, for a total value of $137,850.52. Following the completion of the sale, the insider now owns 73,466 shares of the company’s stock, valued at $620,053.04. This trade represents a 18.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RDFN shares. Wedbush lifted their target price 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. The Goldman Sachs Group cut Redfin from a “neutral” rating to a “sell” rating and raised their price objective for the company from $6.00 to $6.50 in a research note on Monday, November 18th. Citigroup lowered their target price on Redfin from $10.50 to $9.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Susquehanna raised their price target on Redfin from $7.00 to $10.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Redfin from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.16.

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; and originates and sells mortgages.