RE/MAX (NYSE:RMAX) Stock Passes Below 200 Day Moving Average – Here’s Why

RE/MAX Holdings, Inc. (NYSE:RMAX)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.00 and traded as low as $5.71. RE/MAX shares last traded at $5.7360, with a volume of 220,141 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of RE/MAX in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, RE/MAX currently has an average rating of “Reduce” and a consensus target price of $9.00.

RE/MAX Trading Down 0.1%

The company has a market capitalization of $115.53 million, a PE ratio of 14.71 and a beta of 1.26. The stock’s 50-day moving average is $7.14 and its two-hundred day moving average is $8.00.

RE/MAX (NYSE:RMAX) last announced its earnings results on Thursday, February 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. The business had revenue of $71.14 million during the quarter, compared to analyst estimates of $71.33 million. RE/MAX had a negative return on equity of 73.77% and a net margin of 2.80%. On average, equities research analysts forecast that RE/MAX Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On RE/MAX

Hedge funds have recently bought and sold shares of the business. Strs Ohio purchased a new stake in RE/MAX in the first quarter worth $30,000. Harbor Capital Advisors Inc. boosted its stake in shares of 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 valued at $58,000 after purchasing an additional 1,317 shares during the period. IFC & Insurance Marketing Inc. purchased a new stake in shares of RE/MAX during the fourth quarter valued at $76,000. Sei Investments Co. bought a new position in shares of RE/MAX in the second quarter worth about $86,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of RE/MAX in the third quarter worth about $95,000. Institutional investors 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.