RE/MAX Holdings, Inc. (NYSE:RMAX) Receives $10.38 Consensus Price Target from Analysts

RE/MAX Holdings, Inc. (NYSE:RMAX) has received an average rating of “Reduce” from the five brokerages that are covering the company, MarketBeat.com reports. Two investment 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.

Separately, StockNews.com upgraded shares of RE/MAX from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th.

RE/MAX Price Performance

RMAX opened at $11.78 on Friday. The firm has a market capitalization of $222.31 million, a PE ratio of -21.81 and a beta of 1.34. The business’s 50-day moving average is $12.24 and its two-hundred day moving average is $10.74. RE/MAX has a 1 year low of $6.94 and a 1 year high of $14.31.

Insiders Place Their Bets

In other news, major shareholder Adam K. Peterson bought 27,366 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $10.96 per share, with a total value of $299,931.36. Following the transaction, the insider now directly owns 3,178,040 shares in the company, valued at approximately $34,831,318.40. The trade was a 0.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.99% of the company’s stock.

Hedge Funds Weigh In On RE/MAX

Institutional investors have recently bought and sold shares of the business. nVerses Capital LLC increased its stake in shares of RE/MAX by 566.7% in the third quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,700 shares during the period. Nisa Investment Advisors LLC boosted its holdings in RE/MAX by 19,729.6% in the second quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 5,327 shares during the last quarter. Quest Partners LLC acquired a new stake in RE/MAX during the 3rd quarter worth about $106,000. Quantinno Capital Management LP purchased a new position in shares of RE/MAX during the 3rd quarter valued at about $135,000. Finally, Paloma Partners Management Co purchased a new position in shares of RE/MAX during the 3rd quarter valued at about $143,000. 93.17% of the stock is owned by hedge funds and other institutional investors.

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.