RE/MAX (NYSE:RMAX) Shares Cross Below 200-Day Moving Average – Should You Sell?

RE/MAX Holdings, Inc. (NYSE:RMAX)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.41 and traded as low as $8.08. RE/MAX shares last traded at $8.2950, with a volume of 259,659 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of RE/MAX in a research note on Friday, October 31st. Wall Street Zen raised shares of RE/MAX from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $9.00.

RE/MAX Stock Up 1.8%

The company has a fifty day simple moving average of $7.87 and a 200-day simple moving average of $8.41. The firm has a market cap of $166.36 million, a P/E ratio of 13.60 and a beta of 1.24.

RE/MAX (NYSE:RMAX) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The firm had revenue of $73.25 million for the quarter, compared to analysts’ expectations of $73.68 million. RE/MAX had a negative return on equity of 61.21% and a net margin of 4.27%. As a group, research analysts forecast that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.

Institutional Trading of RE/MAX

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of RE/MAX by 95.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 533,201 shares of the financial services provider’s stock valued at $5,028,000 after purchasing an additional 260,416 shares during the period. Russell Investments Group Ltd. increased its stake in RE/MAX by 166.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 398,707 shares of the financial services provider’s stock worth $3,760,000 after buying an additional 249,188 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in RE/MAX by 80.7% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 492,139 shares of the financial services provider’s stock worth $4,026,000 after buying an additional 219,859 shares in the last quarter. Two Sigma Investments LP bought a new stake in RE/MAX during the third quarter valued at about $799,000. Finally, Norges Bank purchased a new position in shares of RE/MAX in the second quarter valued at about $677,000. 93.17% of the stock is owned by hedge funds and other institutional investors.

RE/MAX Company Profile

RE/MAX Holdings, Inc (NYSE:RMAX) is a global franchisor of real estate brokerage services, offering residential and commercial property transaction support through a network of independently owned and operated offices. The company provides marketing, training, technology platforms and brand recognition for its affiliated agents, facilitating property buying, selling and leasing activities. In addition to core brokerage services, RE/MAX offers ancillary solutions such as mortgage referral, title and escrow coordination, relocation assistance and luxury market specialization.

Established in 1973 by David and Gail Liniger in Denver, Colorado, RE/MAX pioneered a high-commission, agent-driven model designed to attract experienced real estate professionals.