RE/MAX (NYSE:RMAX) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

RE/MAX Holdings, Inc. (NYSE:RMAX) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.94 and traded as high as $10.10. RE/MAX shares last traded at $9.2910, with a volume of 364,846 shares.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of RE/MAX in a research note on Monday, April 27th. JonesTrading raised 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 research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, RE/MAX currently has an average rating of “Hold” and a consensus price target of $13.80.

RE/MAX Trading Down 9.3%

The stock has a market capitalization of $197.25 million, a P/E ratio of 929.10 and a beta of 1.82. The business’s fifty day simple moving average is $9.94 and its two-hundred day simple moving average is $8.18.

RE/MAX (NYSE:RMAX) last posted its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.06). The company had revenue of $53.36 million for the quarter, compared to the consensus estimate of $73.21 million. RE/MAX had a negative return on equity of 90.29% and a net margin of 0.13%.

Insiders Place Their Bets

In related news, insider Adam K. Peterson sold 216,281 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $11.10, for a total transaction of $2,400,719.10. Following the transaction, the insider directly owned 982,440 shares in the company, valued at $10,905,084. The trade was a 18.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 1,341,378 shares of company stock worth $14,028,770 over the last 90 days. 6.80% of the stock is owned by company insiders.

Institutional Trading of RE/MAX

Several institutional investors have recently modified their holdings of RMAX. Strs Ohio acquired a new position in shares of RE/MAX in the first quarter valued at $30,000. Harbor Capital Advisors Inc. boosted its stake in RE/MAX by 20.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 7,698 shares of the financial services provider’s stock worth $58,000 after buying an additional 1,317 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in RE/MAX during the fourth quarter worth $76,000. Public Employees Retirement System of Ohio increased its holdings in RE/MAX by 28.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 14,434 shares of the financial services provider’s stock valued at $83,000 after buying an additional 3,200 shares during the period. Finally, Aaron Wealth Advisors LLC bought a new stake in RE/MAX in the 1st quarter valued at $84,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

RE/MAX Company Profile

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.