RE/MAX (NYSE:RMAX – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Friday.
Separately, Keefe, Bruyette & Woods dropped their target price on RE/MAX from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Monday, April 28th.
Read Our Latest Report on RE/MAX
RE/MAX Stock Performance
Insider Buying and Selling
In other RE/MAX news, EVP Abigail C. Lee sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $7.78, for a total transaction of $77,800.00. Following the transaction, the executive vice president now owns 151,874 shares of the company’s stock, valued at $1,181,579.72. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On RE/MAX
A number of institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC increased its position in RE/MAX by 90.8% during the first quarter. Voya Investment Management LLC now owns 35,714 shares of the financial services provider’s stock worth $299,000 after buying an additional 16,994 shares during the last quarter. Strs Ohio acquired a new position in shares of RE/MAX in the first quarter valued at approximately $30,000. Jane Street Group LLC grew its position in shares of RE/MAX by 388.7% in the first quarter. Jane Street Group LLC now owns 57,213 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 45,506 shares during the last quarter. Empowered Funds LLC grew its position in shares of RE/MAX by 7.1% in the first quarter. Empowered Funds LLC now owns 124,913 shares of the financial services provider’s stock valued at $1,046,000 after purchasing an additional 8,318 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of RE/MAX in the first quarter valued at approximately $129,000. Institutional investors and hedge funds 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.
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