RE/MAX Holdings, Inc. (NYSE:RMAX) Receives Average Rating of “Reduce” from Brokerages

RE/MAX Holdings, Inc. (NYSE:RMAX) has been assigned a consensus recommendation of “Reduce” from the five ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $10.38.

Several equities research analysts have recently issued reports on RMAX shares. StockNews.com lowered RE/MAX from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Stephens lifted their target price on shares of RE/MAX from $9.00 to $10.50 and gave the company an “equal weight” rating in a research note on Monday, August 12th.

RE/MAX Trading Up 4.1 %

Shares of NYSE:RMAX opened at $11.41 on Wednesday. The business has a fifty day simple moving average of $12.07 and a 200 day simple moving average of $10.22. RE/MAX has a 1 year low of $6.94 and a 1 year high of $13.70. The firm has a market cap of $215.31 million, a price-to-earnings ratio of -21.13 and a beta of 1.36.

Institutional Trading of RE/MAX

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in RE/MAX by 114.2% in the 1st quarter. BNP Paribas Financial Markets now owns 36,368 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 19,393 shares during the period. SG Americas Securities LLC boosted its holdings in RE/MAX by 12.7% during the first quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 1,469 shares during the period. Russell Investments Group Ltd. grew its position in shares of RE/MAX by 17.2% in the first quarter. Russell Investments Group Ltd. now owns 227,103 shares of the financial services provider’s stock valued at $1,992,000 after purchasing an additional 33,351 shares during the last quarter. Blair William & Co. IL increased its stake in shares of RE/MAX by 767.5% in 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 during the period. Finally, Vanguard Group Inc. lifted its position in shares of RE/MAX by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider’s stock worth $9,838,000 after purchasing an additional 94,758 shares during the last quarter. 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.