Brokerages Set RE/MAX Holdings, Inc. (NYSE:RMAX) Target Price at $11.90

RE/MAX Holdings, Inc. (NYSE:RMAX) has been assigned a consensus recommendation of “Reduce” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $11.90.

A number of equities analysts recently commented on RMAX shares. Stephens raised their price objective on shares of RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RMAX. Blair William & Co. IL lifted its position in shares of RE/MAX by 767.5% during the first quarter. Blair William & Co. IL now owns 109,611 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 96,976 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in RE/MAX in the first quarter valued at $572,000. Vanguard Group Inc. lifted its stake in RE/MAX by 9.2% in the first quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider’s stock valued at $9,838,000 after acquiring an additional 94,758 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of RE/MAX by 107.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 291,855 shares of the financial services provider’s stock valued at $2,560,000 after purchasing an additional 151,036 shares during the period. Finally, Magnolia Group LLC raised its position in shares of RE/MAX by 2.8% in the second 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 period. Institutional investors own 93.17% of the company’s stock.

RE/MAX Stock Performance

Shares of RE/MAX stock opened at $11.35 on Friday. The firm has a market cap of $214.06 million, a PE ratio of -2.93 and a beta of 1.36. RE/MAX has a 1 year low of $6.94 and a 1 year high of $13.70. The firm’s 50-day simple moving average is $11.93 and its 200-day simple moving average is $9.79.

RE/MAX (NYSE:RMAX) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. The business had revenue of $78.45 million during the quarter, compared to analysts’ expectations of $78.16 million. RE/MAX had a negative net margin of 22.26% and a negative return on equity of 35.12%. On average, equities analysts predict that RE/MAX will post 0.85 earnings per share for the current year.

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.