Insider Selling: ReMax Holdings CFO Sells 9,597 Shares of Stock (RMAX)
ReMax Holdings (NASDAQ:RMAX) CFO David Metzger sold 9,597 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $28.67, for a total transaction of $275,145.99. Following the sale, the chief financial officer now directly owns 11,364 shares in the company, valued at approximately $325,806. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on RMAX. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of ReMax Holdings in a research note on Tuesday. They now have a $35.00 price target on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of ReMax Holdings from $29.00 to $30.00 in a research note on Thursday, May 29th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $32.75.
Shares of ReMax Holdings (NASDAQ:RMAX) traded up 1.96% during mid-day trading on Friday, hitting $29.72. 33,741 shares of the company’s stock traded hands. ReMax Holdings has a 52 week low of $25.40 and a 52 week high of $33.54. The stock’s 50-day moving average is $27.62 and its 200-day moving average is $29.53. The company has a market cap of $345.0 million and a price-to-earnings ratio of 86.50.
ReMax Holdings (NASDAQ:RMAX) last released its earnings data on Wednesday, May 14th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.02. The company had revenue of $41.90 million for the quarter, compared to the consensus estimate of $40.30 million. The company’s quarterly revenue was up 7.2% on a year-over-year basis.
Re/Max Holdings, Inc is a franchisor of real estate brokerage services. Its business is to recruit and retain agents and sell franchises.
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