RE/MAX (NYSE:RMAX) Stock Passes Below 200 Day Moving Average – Here’s Why

RE/MAX Holdings, Inc. (NYSE:RMAX) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.00 and traded as low as $5.71. RE/MAX shares last traded at $5.7360, with a volume of 220,141 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of RE/MAX in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $9.00.

RE/MAX Trading Down 0.1%

The firm has a market cap of $115.53 million, a PE ratio of 14.71 and a beta of 1.26. The business’s 50-day simple moving average is $7.14 and its 200 day simple moving average is $8.00.

RE/MAX (NYSE:RMAX) last announced its quarterly earnings results on Thursday, February 19th. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. RE/MAX had a net margin of 2.80% and a negative return on equity of 73.77%. The firm had revenue of $71.14 million during the quarter, compared to analysts’ expectations of $71.33 million. Analysts expect that RE/MAX Holdings, Inc. will post 0.89 earnings per share for the current year.

Institutional Trading of RE/MAX

A number of hedge funds have recently bought and sold shares of RMAX. JPMorgan Chase & Co. boosted its position in 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 acquiring an additional 260,416 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of 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 acquiring an additional 249,188 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in shares of 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 acquiring an additional 219,859 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of RE/MAX by 209.6% during the 4th quarter. Jane Street Group LLC now owns 234,829 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 158,986 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in RE/MAX during the fourth quarter valued at about $655,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.

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.