RE/MAX (NYSE:RMAX) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

RE/MAX Holdings, Inc. (NYSE:RMAX) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.52 and traded as high as $9.56. RE/MAX shares last traded at $9.4290, with a volume of 390,384 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on RMAX shares. JonesTrading raised shares of RE/MAX from a “hold” rating to a “buy” rating and set a $13.80 target price for the company in a report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of RE/MAX in a report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, RE/MAX has an average rating of “Hold” and an average price target of $13.80.

RE/MAX Stock Up 0.5%

The company has a market capitalization of $200.18 million, a PE ratio of 942.90 and a beta of 1.89. The stock’s fifty day simple moving average is $7.53 and its 200-day simple moving average is $7.52.

RE/MAX (NYSE:RMAX) last issued its earnings results on Friday, May 8th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). The company had revenue of $53.36 million during the quarter, compared to analysts’ expectations of $73.21 million. RE/MAX had a net margin of 0.13% and a negative return on equity of 90.29%. Analysts expect that RE/MAX Holdings, Inc. will post 0.86 EPS for the current year.

Insider Activity at RE/MAX

In other news, insider Adam K. Peterson sold 216,281 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $11.10, for a total value of $2,400,719.10. Following the sale, the insider directly owned 982,440 shares in the company, valued at $10,905,084. This represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,484,071 shares of company stock valued at $14,850,900 in the last quarter. 6.80% of the stock is owned by corporate insiders.

Institutional Trading of RE/MAX

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in RE/MAX by 95.5% during the third quarter. JPMorgan Chase & Co. now owns 533,201 shares of the financial services provider’s stock worth $5,028,000 after acquiring an additional 260,416 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in RE/MAX by 20.0% during the third quarter. Hillsdale Investment Management Inc. now owns 590,380 shares of the financial services provider’s stock worth $5,567,000 after acquiring an additional 98,241 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in RE/MAX during the third quarter worth approximately $97,000. Vanguard Personalized Indexing Management LLC acquired a new stake in RE/MAX during the third quarter worth approximately $95,000. Finally, Seven Six Capital Management LLC acquired a new stake in RE/MAX during the first quarter worth approximately $1,290,000. 93.17% of the stock is currently owned by institutional investors and hedge funds.

RE/MAX Company Profile

RE/MAX Holdings, Inc (NYSE:RMAX) is a global franchisor of real estate brokerage services, offering residential and commercial property transaction support through a network of independently owned and operated offices. The company provides marketing, training, technology platforms and brand recognition for its affiliated agents, facilitating property buying, selling and leasing activities. In addition to core brokerage services, RE/MAX offers ancillary solutions such as mortgage referral, title and escrow coordination, relocation assistance and luxury market specialization.

Established in 1973 by David and Gail Liniger in Denver, Colorado, RE/MAX pioneered a high-commission, agent-driven model designed to attract experienced real estate professionals.