RE/MAX (NYSE:RMAX) Stock Crosses Below 200 Day Moving Average of $9.94

RE/MAX Holdings, Inc. (NYSE:RMAX)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.94 and traded as low as $6.94. RE/MAX shares last traded at $7.41, with a volume of 364,391 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley decreased their target price on RE/MAX from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Wednesday, April 10th. StockNews.com cut RE/MAX from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Keefe, Bruyette & Woods decreased their target price on RE/MAX from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, February 28th. Finally, Jonestrading reissued a “hold” rating on shares of RE/MAX in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.00.

RE/MAX Stock Up 4.4 %

The company has a market capitalization of $135.43 million, a P/E ratio of -1.94 and a beta of 1.40. The business has a fifty day moving average price of $8.18 and a 200 day moving average price of $9.94.

RE/MAX (NYSE:RMAX) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $76.60 million for the quarter, compared to analyst estimates of $77.19 million. RE/MAX had a negative return on equity of 116.18% and a negative net margin of 21.19%. As a group, equities analysts forecast that RE/MAX Holdings, Inc. will post 0.78 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Adam K. Peterson bought 54,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $7.64 per share, for a total transaction of $412,560.00. Following the completion of the acquisition, the insider now owns 3,037,843 shares of the company’s stock, valued at approximately $23,209,120.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Adam K. Peterson bought 54,000 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were acquired at an average price of $7.64 per share, for a total transaction of $412,560.00. Following the completion of the acquisition, the insider now owns 3,037,843 shares of the company’s stock, valued at approximately $23,209,120.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Abigail C. Lee sold 4,500 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $8.51, for a total value of $38,295.00. Following the sale, the executive vice president now owns 89,229 shares in the company, valued at approximately $759,338.79. The disclosure for this sale can be found here. 4.61% of the stock is currently owned by corporate insiders.

Institutional Trading of RE/MAX

Institutional investors and hedge funds have recently bought and sold shares of the business. WINTON GROUP Ltd bought a new stake in RE/MAX in the third quarter valued at approximately $152,000. Exchange Traded Concepts LLC bought a new stake in RE/MAX in the fourth quarter valued at approximately $396,000. Assenagon Asset Management S.A. bought a new stake in RE/MAX in the third quarter valued at approximately $5,792,000. Barclays PLC raised its stake in RE/MAX by 326.8% in the third quarter. Barclays PLC now owns 41,609 shares of the financial services provider’s stock valued at $538,000 after buying an additional 31,859 shares during the period. Finally, Kennedy Capital Management LLC bought a new stake in RE/MAX in the third quarter valued at approximately $278,000. Institutional investors own 93.17% of the company’s stock.

About RE/MAX

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.