RE/MAX Holdings, Inc. (NYSE:RMAX) Given Average Rating of “Reduce” by Analysts

Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) have earned a consensus rating of “Reduce” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $11.60.

Several equities research analysts have recently weighed in on the stock. Stephens decreased their target price on shares of RE/MAX from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, May 6th. StockNews.com downgraded shares of RE/MAX from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Keefe, Bruyette & Woods decreased their target price on shares of RE/MAX from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, February 28th. Jonestrading restated a “hold” rating on shares of RE/MAX in a research report on Friday, March 1st. Finally, Morgan Stanley reduced their price objective on shares of RE/MAX from $9.00 to $7.00 and set an “underweight” rating for the company in a research report on Wednesday, April 10th.

RE/MAX Price Performance

NYSE RMAX opened at $8.35 on Wednesday. RE/MAX has a 1 year low of $6.94 and a 1 year high of $20.48. The company has a market capitalization of $152.64 million, a PE ratio of -2.11 and a beta of 1.36. The company has a fifty day moving average of $8.11 and a two-hundred day moving average of $9.37.

RE/MAX (NYSE:RMAX) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. RE/MAX had a negative net margin of 22.51% and a negative return on equity of 50.09%. The company had revenue of $78.29 million during the quarter, compared to the consensus estimate of $78.14 million. On average, research analysts expect that RE/MAX will post 0.7 earnings per share for the current year.

Insider Buying and Selling at RE/MAX

In other RE/MAX news, EVP Abigail C. Lee sold 5,243 shares of RE/MAX stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $8.05, for a total value of $42,206.15. Following the completion of the sale, the executive vice president now directly owns 83,986 shares of the company’s stock, valued at approximately $676,087.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Leah R. Jenkins sold 3,682 shares of RE/MAX stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $9.76, for a total transaction of $35,936.32. Following the sale, the chief accounting officer now owns 25,333 shares of the company’s stock, valued at approximately $247,250.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Abigail C. Lee sold 5,243 shares of RE/MAX stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $8.05, for a total transaction of $42,206.15. Following the sale, the executive vice president now directly owns 83,986 shares in the company, valued at approximately $676,087.30. The disclosure for this sale can be found here. 5.99% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RE/MAX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RMAX. Allspring Global Investments Holdings LLC increased its position in shares of RE/MAX by 134.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,433 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 3,693 shares during the last quarter. Patron Partners LLC bought a new stake in shares of RE/MAX in the 1st quarter worth about $93,000. Pinnacle Wealth Planning Services Inc. increased its position in shares of RE/MAX by 15.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 12,222 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,644 shares during the last quarter. SG Americas Securities LLC increased its position in shares of RE/MAX by 12.7% in the 1st quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,469 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC bought a new stake in shares of RE/MAX in the 4th quarter worth about $139,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.

About RE/MAX

RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. It operates through Real Estate, Mortgage, and Marketing Funds segments. The company offers real estate brokerage franchising services under the RE/MAX brand; mortgage brokerage services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand; and mortgage loan processing software and services under the wemlo brand.