Headlands Technologies LLC Purchases Shares of 81,805 Redfin Co. (NASDAQ:RDFN)

Headlands Technologies LLC purchased a new position in shares of Redfin Co. (NASDAQ:RDFN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 81,805 shares of the company’s stock, valued at approximately $844,000.

A number of other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC raised its stake in Redfin by 4.4% in the 3rd quarter. Jennison Associates LLC now owns 61,019 shares of the company’s stock valued at $430,000 after acquiring an additional 2,580 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Redfin by 41.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 10,442 shares of the company’s stock valued at $74,000 after purchasing an additional 3,041 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Redfin in the third quarter valued at about $27,000. Swiss National Bank lifted its stake in shares of Redfin by 2.0% during the 3rd quarter. Swiss National Bank now owns 243,600 shares of the company’s stock worth $1,715,000 after buying an additional 4,700 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Redfin by 36.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,326 shares of the company’s stock worth $136,000 after buying an additional 5,157 shares during the period. Institutional investors and hedge funds own 61.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on RDFN shares. Wedbush reaffirmed a “neutral” rating and issued a $8.00 target price on shares of Redfin in a research report on Wednesday, February 28th. Citigroup lowered their price objective on Redfin from $10.50 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday, February 29th. DA Davidson reissued a “neutral” rating and issued a $6.75 target price on shares of Redfin in a research report on Friday, March 22nd. Gordon Haskett lowered shares of Redfin from a “hold” rating to an “underperform” rating and set a $5.50 price target on the stock. in a research report on Thursday, February 29th. Finally, Royal Bank of Canada dropped their price objective on shares of Redfin from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.92.

Redfin Trading Up 8.5 %

NASDAQ RDFN traded up $0.44 on Friday, hitting $5.62. 3,939,823 shares of the company’s stock were exchanged, compared to its average volume of 4,185,206. The stock has a 50-day moving average of $6.30 and a 200-day moving average of $7.14. Redfin Co. has a 52 week low of $4.26 and a 52 week high of $17.68. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 295.91.

Redfin (NASDAQ:RDFN) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.01. Redfin had a negative return on equity of 1,780.89% and a negative net margin of 11.95%. The business had revenue of $218.08 million during the quarter, compared to the consensus estimate of $220.32 million. During the same period in the prior year, the company earned ($0.83) EPS. Redfin’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts expect that Redfin Co. will post -1.31 EPS for the current fiscal year.

Insider Activity

In related news, insider Christian John Taubman sold 7,916 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $6.90, for a total transaction of $54,620.40. Following the completion of the transaction, the insider now directly owns 52,117 shares in the company, valued at approximately $359,607.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Christian John Taubman sold 7,916 shares of Redfin stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $6.90, for a total transaction of $54,620.40. Following the sale, the insider now directly owns 52,117 shares of the company’s stock, valued at $359,607.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anna Stevens sold 10,851 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $6.78, for a total value of $73,569.78. Following the completion of the transaction, the insider now directly owns 15,477 shares of the company’s stock, valued at approximately $104,934.06. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by corporate insiders.

Redfin 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; and originates and sells mortgages.