Share on StockTwits

Re/Max Holdings (NASDAQ:RMAX) Insider Michael P. Ryan sold 1,000 shares of the stock on the open market in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $31.24, for a total value of $31,240.00. Following the sale, the insider now directly owns 10,196 shares of the company’s stock, valued at approximately $318,523. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on RMAX. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Re/Max Holdings in a research note on Tuesday, June 3rd. They now have a $35.00 price target on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Re/Max 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. Re/Max Holdings presently has an average rating of “Buy” and an average price target of $32.75.

Shares of Re/Max Holdings (NASDAQ:RMAX) traded down 3.44% on Tuesday, hitting $30.06. 52,376 shares of the company’s stock traded hands. Re/Max Holdings has a 52-week low of $25.40 and a 52-week high of $33.54. The stock has a 50-day moving average of $27.77 and a 200-day moving average of $29.54. The company has a market cap of $348.9 million and a P/E ratio of 92.37.

Re/Max Holdings (NASDAQ:RMAX) last announced its earnings results on Wednesday, May 14th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.