RE/MAX’s (RMAX) “Sell (D)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d) rating on shares of RE/MAX (NYSE:RMAX) in a report published on Friday morning,Weiss Ratings reports.

Separately, Wall Street Zen raised RE/MAX from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $9.00.

RE/MAX Stock Down 4.3%

NYSE RMAX opened at $7.92 on Friday. RE/MAX has a fifty-two week low of $6.90 and a fifty-two week high of $14.31. The stock has a market cap of $158.54 million, a price-to-earnings ratio of 16.84 and a beta of 1.17. The business has a fifty day moving average of $9.10 and a 200-day moving average of $8.38.

Insider Buying and Selling

In related news, Director Roger J. Dow sold 9,100 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $9.37, for a total value of $85,267.00. Following the completion of the transaction, the director directly owned 55,961 shares in the company, valued at approximately $524,354.57. This represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On RE/MAX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its stake in 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 acquiring an additional 2,684 shares during the last quarter. Strs Ohio acquired a new stake in RE/MAX during the first quarter worth about $30,000. Sei Investments Co. acquired a new stake in RE/MAX during the second quarter worth about $86,000. Vanguard Personalized Indexing Management LLC acquired a new stake in RE/MAX during the third quarter worth about $95,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in RE/MAX during the third quarter worth about $97,000. 93.17% of the stock is currently owned by institutional investors and hedge funds.

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.