RE/MAX Holdings, Inc. (NYSE:RMAX) has been given a consensus rating of “Hold” by the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $63.80.
Several research analysts recently weighed in on RMAX shares. Craig Hallum started coverage on shares of RE/MAX Holdings in a research note on Wednesday, August 30th. They issued a “buy” rating and a $75.00 target price for the company. BidaskClub downgraded shares of RE/MAX Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of RE/MAX Holdings from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Wednesday, August 9th. Stephens downgraded shares of RE/MAX Holdings from an “overweight” rating to an “equal weight” rating and set a $66.00 target price for the company. in a research note on Monday, August 7th. Finally, Piper Jaffray Companies started coverage on shares of RE/MAX Holdings in a research note on Thursday, September 28th. They issued an “overweight” rating and a $69.00 target price for the company.
Shares of RE/MAX Holdings (RMAX) remained flat at $65.70 on Friday. 56,043 shares of the company were exchanged. The company has a 50 day moving average of $61.97 and a 200 day moving average of $58.43. RE/MAX Holdings has a 52 week low of $41.48 and a 52 week high of $66.50. The company has a market capitalization of $1.16 billion, a PE ratio of 49.85 and a beta of 0.93.
RE/MAX Holdings (NYSE:RMAX) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.06. The business had revenue of $48.82 million during the quarter, compared to the consensus estimate of $48.29 million. RE/MAX Holdings had a return on equity of 79.94% and a net margin of 12.45%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. On average, equities research analysts expect that RE/MAX Holdings will post $1.90 EPS for the current fiscal year.
In related news, President Geoffrey D. Lewis sold 1,200 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $60.00, for a total value of $72,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.58% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. increased its stake in shares of RE/MAX Holdings by 6.5% during the 1st quarter. Sei Investments Co. now owns 2,501 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 153 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of RE/MAX Holdings during the 1st quarter valued at about $159,000. State of Alaska Department of Revenue increased its stake in shares of RE/MAX Holdings by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,496 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 1,546 shares during the last quarter. Aperio Group LLC acquired a new position in shares of RE/MAX Holdings during the 2nd quarter valued at about $211,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of RE/MAX Holdings during the 2nd quarter valued at about $215,000.
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About RE/MAX Holdings
RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.
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