RE/MAX Holdings, Inc. (NYSE:RMAX) Receives $14.40 Consensus Price Target from Analysts

RE/MAX Holdings, Inc. (NYSE:RMAX) has been assigned an average recommendation of “Reduce” from the six analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $14.40.

A number of equities research analysts have commented on the stock. StockNews.com lowered shares of RE/MAX from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Keefe, Bruyette & Woods decreased their price objective on shares of RE/MAX from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Wednesday, February 28th. JPMorgan Chase & Co. restated an “underweight” rating and set a $14.00 target price (down from $16.00) on shares of RE/MAX in a research report on Monday, December 18th. Finally, Jonestrading restated a “hold” rating on shares of RE/MAX in a research report on Friday, March 1st.

RE/MAX Price Performance

RMAX opened at $8.04 on Friday. RE/MAX has a fifty-two week low of $7.24 and a fifty-two week high of $20.48. The firm’s fifty day moving average price is $8.87 and its two-hundred day moving average price is $10.45. The company has a market capitalization of $146.97 million, a P/E ratio of -2.11 and a beta of 1.40.

RE/MAX (NYSE:RMAX) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. RE/MAX had a negative net margin of 21.19% and a negative return on equity of 116.18%. The business had revenue of $76.60 million for the quarter, compared to analyst estimates of $77.19 million. On average, equities research analysts expect that RE/MAX will post 0.77 EPS for the current fiscal year.

Insider Transactions at RE/MAX

In other news, EVP Abigail C. Lee sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $8.51, for a total transaction of $38,295.00. Following the completion of the transaction, the executive vice president now directly owns 89,229 shares of the company’s stock, valued at approximately $759,338.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Adam K. Peterson bought 54,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was acquired at an average cost of $7.64 per share, with a total value of $412,560.00. Following the completion of the purchase, the insider now owns 3,037,843 shares of the company’s stock, valued at $23,209,120.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Abigail C. Lee sold 4,500 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $8.51, for a total transaction of $38,295.00. Following the completion of the transaction, the executive vice president now directly owns 89,229 shares of the company’s stock, valued at $759,338.79. The disclosure for this sale can be found here. Company insiders own 4.61% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RMAX. Public Employees Retirement System of Ohio acquired a new position in shares of RE/MAX during the fourth quarter worth approximately $356,000. G2 Investment Partners Management LLC purchased a new stake in RE/MAX during the 4th quarter worth about $1,000,000. HST Ventures LLC bought a new position in shares of RE/MAX during the 4th quarter valued at about $578,000. Brevan Howard Capital Management LP bought a new position in shares of RE/MAX during the 4th quarter valued at about $190,000. Finally, Cubist Systematic Strategies LLC grew its position in RE/MAX by 11.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 117,555 shares of the financial services provider’s stock worth $1,567,000 after acquiring an additional 12,421 shares during the last quarter. 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.