RE/MAX Holdings, Inc. (NYSE:RMAX) Given Consensus Rating of “Reduce” by Brokerages

RE/MAX Holdings, Inc. (NYSE:RMAX) has earned an average recommendation of “Reduce” from the four brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $9.17.

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

RE/MAX Stock Performance

RE/MAX stock opened at $11.05 on Friday. The company has a market capitalization of $208.54 million, a P/E ratio of -20.46 and a beta of 1.34. RE/MAX has a fifty-two week low of $6.94 and a fifty-two week high of $14.31. The stock has a 50-day simple moving average of $12.19 and a 200-day simple moving average of $10.79.

Insiders Place Their Bets

In other news, major shareholder Adam K. Peterson acquired 29,455 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was bought at an average price of $10.82 per share, for a total transaction of $318,703.10. Following the transaction, the insider now owns 3,207,495 shares in the company, valued at $34,705,095.90. This represents a 0.93 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. nVerses Capital LLC lifted its position in RE/MAX by 566.7% in the third quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 1,700 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of RE/MAX by 19,729.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock valued at $43,000 after buying an additional 5,327 shares during the period. Quest Partners LLC acquired a new stake in shares of RE/MAX in the 3rd quarter valued at approximately $106,000. Quantinno Capital Management LP purchased a new stake in shares of RE/MAX in the third quarter valued at approximately $135,000. Finally, Paloma Partners Management Co acquired a new position in RE/MAX during the third quarter worth $143,000. 93.17% of the stock is currently owned by institutional investors and hedge funds.

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.