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

RE/MAX Holdings, Inc. (NYSE:RMAX) has been assigned a consensus rating of “Reduce” from the four ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $9.17.

Separately, StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th.

Insiders Place Their Bets

In other RE/MAX news, major shareholder Adam K. Peterson acquired 29,455 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of $10.82 per share, with a total value of $318,703.10. Following the completion of the acquisition, the insider now directly owns 3,207,495 shares in the company, valued at $34,705,095.90. This trade represents a 0.93 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Barclays PLC boosted its position in RE/MAX by 248.3% during the 3rd quarter. Barclays PLC now owns 25,933 shares of the financial services provider’s stock valued at $323,000 after purchasing an additional 18,488 shares during the period. Geode Capital Management LLC increased its position in RE/MAX by 1.9% in the third quarter. Geode Capital Management LLC now owns 415,791 shares of the financial services provider’s stock worth $5,178,000 after buying an additional 7,688 shares during the period. XTX Topco Ltd bought a new stake in RE/MAX in the third quarter valued at $145,000. State Street Corp boosted its holdings in shares of RE/MAX by 6.6% during the third quarter. State Street Corp now owns 435,652 shares of the financial services provider’s stock valued at $5,424,000 after acquiring an additional 27,131 shares during the period. Finally, Quantinno Capital Management LP bought a new position in shares of RE/MAX during the third quarter worth about $135,000. 93.17% of the stock is currently owned by institutional investors.

RE/MAX Trading Down 1.8 %

RMAX opened at $10.63 on Friday. RE/MAX has a twelve month low of $6.94 and a twelve month high of $14.31. The firm has a market cap of $200.61 million, a price-to-earnings ratio of -19.68 and a beta of 1.34. The company has a fifty day simple moving average of $12.21 and a 200 day simple moving average of $10.77.

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.