RE/MAX (NYSE:RMAX) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.40 and traded as low as $7.73. RE/MAX shares last traded at $7.82, with a volume of 90,280 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RE/MAX in a research note on Friday, October 31st. Wall Street Zen raised RE/MAX from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $9.00.

RE/MAX Stock Performance

The firm has a fifty day moving average of $7.93 and a 200-day moving average of $8.40. The stock has a market capitalization of $156.87 million, a price-to-earnings ratio of 12.82 and a beta of 1.24.

RE/MAX (NYSE:RMAX) last issued its earnings results on Thursday, October 30th. The financial services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. RE/MAX had a negative return on equity of 61.21% and a net margin of 4.27%.The company had revenue of $73.25 million during the quarter, compared to the consensus estimate of $73.68 million. On average, analysts predict that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RMAX. CWM LLC lifted its position in shares of RE/MAX by 312.5% during the second quarter. CWM LLC now owns 3,543 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 2,684 shares during the last quarter. Strs Ohio bought a new position in shares of RE/MAX during the first quarter valued at approximately $30,000. Harbor Capital Advisors Inc. raised its position in shares of 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 purchasing an additional 1,317 shares during the period. Sei Investments Co. bought a new stake in shares of RE/MAX in the 2nd quarter worth approximately $86,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of RE/MAX in the 3rd quarter worth approximately $95,000. 93.17% of the stock is owned by institutional investors and hedge funds.

About RE/MAX

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.