RE/MAX (NYSE:RMAX) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

RE/MAX Holdings, Inc. (NYSE:RMAXGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.52 and traded as high as $9.56. RE/MAX shares last traded at $9.4290, with a volume of 390,384 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RMAX shares. Weiss Ratings reissued a “sell (d)” rating on shares of RE/MAX in a research report on Monday, April 27th. JonesTrading raised shares of RE/MAX from a “hold” rating to a “buy” rating and set a $13.80 price target on the stock in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.80.

Read Our Latest Stock Analysis on RE/MAX

RE/MAX Stock Up 0.9%

The company’s fifty day moving average is $7.60 and its two-hundred day moving average is $7.53. The stock has a market cap of $200.84 million, a price-to-earnings ratio of 946.00 and a beta of 1.89.

RE/MAX (NYSE:RMAXGet Free Report) last issued its earnings results on Friday, May 8th. The financial services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). The firm had revenue of $53.36 million during the quarter, compared to analyst estimates of $73.21 million. RE/MAX had a net margin of 0.13% and a negative return on equity of 90.29%. Sell-side analysts predict that RE/MAX Holdings, Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Adam K. Peterson sold 632,091 shares of the company’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $9.84, for a total value of $6,219,775.44. Following the completion of the transaction, the insider owned 1,691,727 shares in the company, valued at approximately $16,646,593.68. This represents a 27.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 1,484,071 shares of company stock valued at $14,850,900 in the last 90 days. Corporate insiders own 6.80% 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 stock. Harbor Capital Advisors Inc. raised its stake in RE/MAX by 20.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 7,698 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 1,317 shares in the last quarter. First Trust Advisors LP raised its stake in RE/MAX by 2.3% during the 4th quarter. First Trust Advisors LP now owns 63,406 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 1,446 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its stake in RE/MAX by 7.5% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 25,753 shares of the financial services provider’s stock worth $195,000 after acquiring an additional 1,796 shares in the last quarter. Alliancebernstein L.P. raised its stake in RE/MAX by 5.6% during the 3rd quarter. Alliancebernstein L.P. now owns 37,900 shares of the financial services provider’s stock worth $357,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in RE/MAX by 9.3% during the 1st quarter. Meeder Asset Management Inc. now owns 31,707 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 2,700 shares in the last quarter. 93.17% of the stock is currently owned by institutional investors and hedge funds.

About RE/MAX

(Get Free Report)

RE/MAX Holdings, Inc (NYSE:RMAX) is a global franchisor of real estate brokerage services, offering residential and commercial property transaction support through a network of independently owned and operated offices. The company provides marketing, training, technology platforms and brand recognition for its affiliated agents, facilitating property buying, selling and leasing activities. In addition to core brokerage services, RE/MAX offers ancillary solutions such as mortgage referral, title and escrow coordination, relocation assistance and luxury market specialization.

Established in 1973 by David and Gail Liniger in Denver, Colorado, RE/MAX pioneered a high-commission, agent-driven model designed to attract experienced real estate professionals.

Further Reading

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