RE/MAX Holdings, Inc. (NYSE:RMAX) Receives $10.38 Consensus PT from Brokerages

RE/MAX Holdings, Inc. (NYSE:RMAX) has been assigned an average rating of “Reduce” from the five brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $10.38.

RMAX has been the subject of a number of research reports. Stephens boosted their price target on RE/MAX from $9.00 to $10.50 and gave the company an “equal weight” rating in a research report on Monday, August 12th. StockNews.com cut RE/MAX from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

RE/MAX Stock Up 14.0 %

NYSE:RMAX opened at $13.23 on Wednesday. RE/MAX has a fifty-two week low of $6.94 and a fifty-two week high of $13.70. The firm’s 50 day moving average is $12.09 and its two-hundred day moving average is $10.24. The company has a market cap of $249.68 million, a P/E ratio of -24.50 and a beta of 1.36.

Insider Activity at RE/MAX

In other RE/MAX news, major shareholder Adam K. Peterson bought 27,366 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average cost of $10.96 per share, with a total value of $299,931.36. Following the completion of the transaction, the insider now owns 3,178,040 shares in the company, valued at $34,831,318.40. The trade was a 0.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.99% of the company’s stock.

Institutional Investors Weigh In On RE/MAX

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Blair William & Co. IL increased its holdings in RE/MAX by 767.5% in the first quarter. Blair William & Co. IL now owns 109,611 shares of the financial services provider’s stock valued at $961,000 after buying an additional 96,976 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of RE/MAX by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider’s stock valued at $9,838,000 after acquiring an additional 94,758 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of RE/MAX by 107.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 291,855 shares of the financial services provider’s stock valued at $2,560,000 after acquiring an additional 151,036 shares in the last quarter. Magnolia Group LLC lifted its stake in RE/MAX by 2.8% during the second quarter. Magnolia Group LLC now owns 3,124,152 shares of the financial services provider’s stock worth $25,306,000 after purchasing an additional 86,309 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in RE/MAX in the second quarter worth $1,778,000. 93.17% of the stock is currently owned by hedge funds and other institutional investors.

RE/MAX Company Profile

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.