Redfin (RDFN) Projected to Post Earnings on Thursday

Redfin (NASDAQ:RDFN) is projected to release its earnings data after the market closes on Thursday, February 27th. Analysts expect Redfin to post earnings of ($0.23) per share and revenue of $242.51 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Redfin Stock Up 1.3 %

Shares of NASDAQ:RDFN opened at $7.90 on Tuesday. The stock has a market cap of $979.44 million, a price-to-earnings ratio of -6.17 and a beta of 2.66. Redfin has a 12-month low of $5.10 and a 12-month high of $15.29. The business’s 50 day moving average is $8.11 and its 200 day moving average is $9.48.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RDFN. Susquehanna lifted their target price on Redfin from $7.00 to $10.00 and gave the company a “neutral” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their target price on Redfin from $7.00 to $8.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. DA Davidson reaffirmed a “neutral” rating and set a $7.25 target price on shares of Redfin in a research report on Wednesday, February 19th. The Goldman Sachs Group cut Redfin from a “neutral” rating to a “sell” rating and lifted their target price for the company from $6.00 to $6.50 in a research report on Monday, November 18th. Finally, Wedbush lifted their target price on Redfin from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Redfin currently has an average rating of “Hold” and an average target price of $9.16.

Insider Buying and Selling

In other Redfin news, insider Christian John Taubman sold 16,333 shares of the business’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 sale, the insider now directly owns 73,466 shares in the company, valued at $620,053.04. The trade was a 18.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 4.40% of the stock is currently owned by corporate insiders.

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.