RE/MAX (NYSE:RMAX) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of RE/MAX (NYSE:RMAX) from a buy rating to a hold rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of RE/MAX in a report on Friday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $9.00.

RE/MAX Stock Down 4.3%

RMAX stock opened at $7.92 on Friday. The stock’s 50 day moving average is $9.10 and its two-hundred day moving average is $8.38. RE/MAX has a 52-week low of $6.90 and a 52-week high of $14.31. The company has a market capitalization of $158.54 million, a PE ratio of 16.84 and a beta of 1.17.

Insider Buying and Selling at RE/MAX

In other news, Director Roger J. Dow sold 9,100 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $9.37, for a total value of $85,267.00. Following the completion of the sale, the director directly owned 55,961 shares in the company, valued at approximately $524,354.57. The trade was a 13.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.80% of the company’s stock.

Institutional Trading of RE/MAX

Several institutional investors have recently added to or reduced their stakes in RMAX. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of RE/MAX during the third quarter worth $95,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of RE/MAX during the 3rd quarter valued at about $97,000. Brendel Financial Advisors LLC acquired a new stake in RE/MAX during the third quarter worth about $350,000. CWM LLC lifted its holdings in RE/MAX by 248.1% in the third quarter. CWM LLC now owns 12,332 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 8,789 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in RE/MAX in the third quarter valued at approximately $266,000. Institutional investors own 93.17% of the company’s stock.

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.