Insider Selling: Re/Max Holdings Insider Unloads $31,240 in Stock (RMAX)
Re/Max Holdings (NASDAQ:RMAX) Insider Michael P. Ryan unloaded 1,000 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $31.24, for a total transaction of $31,240.00. Following the transaction, the insider now directly owns 10,196 shares in the company, valued at approximately $318,523. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Re/Max Holdings (NASDAQ:RMAX) traded down 1.16% on Wednesday, hitting $29.71. 15,143 shares of the company’s stock traded hands. 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 $344.8 million and a P/E ratio of 89.20.
Re/Max Holdings (NASDAQ:RMAX) last announced its earnings results on Wednesday, May 14th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ 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. Re/Max Holdings’s revenue was up 7.2% compared to the same quarter last year.
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 issued a buy rating to the company’s stock. Re/Max Holdings currently has a consensus rating of “Buy” and a consensus price target of $32.75.
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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