Insider Selling: Re/Max Holdings EVP Sells 5,000 Shares of Stock (RMAX)
Re/Max Holdings (NASDAQ:RMAX) EVP Geoffrey D. Lewis sold 5,000 shares of Re/Max Holdings stock on the open market in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $31.26, for a total transaction of $156,300.00. Following the transaction, the executive vice president now directly owns 24,813 shares in the company, valued at approximately $775,654. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on RMAX shares. 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Re/Max Holdings presently has a consensus rating of “Buy” and a consensus price target of $32.75.
Re/Max Holdings (NASDAQ:RMAX) traded down 3.44% during mid-day trading on Tuesday, hitting $30.06. The stock had a trading volume of 52,376 shares. Re/Max Holdings has a one year low of $25.40 and a one year high of $33.54. The stock’s 50-day moving average is $27.83 and its 200-day moving average is $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 posted its quarterly earnings results 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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