RE/MAX (NYSE:RMAX) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

RE/MAX Holdings, Inc. (NYSE:RMAX)’s stock price 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.

Analyst Upgrades and Downgrades

RMAX has been the topic of a number of recent analyst reports. 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 note on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RE/MAX in a research note on Monday, April 27th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.80.

RE/MAX Stock Up 0.5%

The company has a market cap of $200.18 million, a PE ratio of 942.90 and a beta of 1.89. The stock’s 50 day simple moving average is $7.53 and its two-hundred day simple moving average is $7.52.

RE/MAX (NYSE:RMAX) last issued its earnings results on Friday, May 8th. The financial services provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). RE/MAX had a net margin of 0.13% and a negative return on equity of 90.29%. The business had revenue of $53.36 million during the quarter, compared to analysts’ expectations of $73.21 million. Analysts forecast that RE/MAX Holdings, Inc. will post 0.86 EPS for the current year.

Insider Activity at RE/MAX

In other news, insider Adam K. Peterson sold 632,091 shares of the firm’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 transaction, the insider owned 1,691,727 shares of the company’s stock, valued at approximately $16,646,593.68. This trade represents a 27.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 1,484,071 shares of company stock valued at $14,850,900. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On RE/MAX

Hedge funds have recently made changes to their positions in the business. Strs Ohio purchased a new position in shares of RE/MAX in the 1st quarter valued at $30,000. Harbor Capital Advisors Inc. raised its stake in shares of RE/MAX by 20.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 7,698 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 1,317 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in shares of RE/MAX in the 3rd quarter valued at $95,000. IFC & Insurance Marketing Inc. purchased a new position in shares of RE/MAX in the 4th quarter valued at $76,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of RE/MAX in the 3rd quarter valued at $97,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.

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.