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

RE/MAX Holdings, Inc. (NYSE:RMAX) has been assigned an average rating of “Reduce” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $11.90.

RMAX has been the subject of a number of research analyst reports. StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Stephens upped their price objective on RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a report on Monday, August 12th.

RE/MAX Stock Down 0.8 %

RE/MAX stock opened at $11.85 on Friday. The stock has a market cap of $223.49 million, a price-to-earnings ratio of -3.06 and a beta of 1.36. The business has a 50-day simple moving average of $11.84 and a 200 day simple moving average of $9.64. RE/MAX has a 52 week low of $6.94 and a 52 week high of $13.70.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its position in RE/MAX by 12.7% during the 1st quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 1,469 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of RE/MAX by 15.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 12,222 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 1,644 shares during the period. nVerses Capital LLC grew its holdings in shares of RE/MAX by 566.7% in the third quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,700 shares during the last quarter. Rhumbline Advisers increased its stake in shares of RE/MAX by 7.6% in the second quarter. Rhumbline Advisers now owns 29,174 shares of the financial services provider’s stock worth $236,000 after buying an additional 2,054 shares during the period. Finally, Algert Global LLC raised its holdings in RE/MAX by 21.3% during the 2nd quarter. Algert Global LLC now owns 18,287 shares of the financial services provider’s stock valued at $148,000 after buying an additional 3,217 shares during the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.

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.