RE/MAX Holdings, Inc. (NYSE:RMAX) Receives $10.38 Consensus Price Target from Analysts

Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) have been given an average recommendation of “Reduce” by the five ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.38.

Separately, StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a report on Thursday, November 28th.

Insider Activity

In other news, major shareholder Adam K. Peterson acquired 27,366 shares of the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $10.96 per share, for a total transaction of $299,931.36. Following the purchase, the insider now owns 3,178,040 shares in the company, valued at approximately $34,831,318.40. This represents a 0.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.99% of the company’s stock.

Institutional Trading of RE/MAX

A number of institutional investors have recently made changes to their positions in the company. Magnolia Group LLC raised its stake in RE/MAX by 2.8% in the 2nd quarter. Magnolia Group LLC now owns 3,124,152 shares of the financial services provider’s stock valued at $25,306,000 after purchasing an additional 86,309 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of RE/MAX by 138.8% during the third quarter. Assenagon Asset Management S.A. now owns 524,188 shares of the financial services provider’s stock worth $6,526,000 after buying an additional 304,694 shares in the last quarter. AQR Capital Management LLC raised its position in shares of RE/MAX by 14.9% in the second quarter. AQR Capital Management LLC now owns 516,953 shares of the financial services provider’s stock valued at $4,187,000 after buying an additional 66,960 shares during the last quarter. State Street Corp lifted its stake in shares of RE/MAX by 6.6% in the third quarter. State Street Corp now owns 435,652 shares of the financial services provider’s stock worth $5,424,000 after buying an additional 27,131 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in RE/MAX by 1.9% during the third quarter. Geode Capital Management LLC now owns 415,791 shares of the financial services provider’s stock worth $5,178,000 after acquiring an additional 7,688 shares during the last quarter. 93.17% of the stock is owned by institutional investors and hedge funds.

RE/MAX Price Performance

NYSE:RMAX opened at $11.78 on Friday. The company has a 50 day moving average price of $12.24 and a 200-day moving average price of $10.74. RE/MAX has a 1-year low of $6.94 and a 1-year high of $14.31. The firm has a market cap of $222.31 million, a price-to-earnings ratio of -21.81 and a beta of 1.34.

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.