RE/MAX Holdings, Inc. (NYSE:RMAX – Get Free Report) major shareholder Adam K. Peterson acquired 2,180 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was purchased at an average price of $8.03 per share, with a total value of $17,505.40. Following the purchase, the insider now owns 3,100,652 shares in the company, valued at approximately $24,898,235.56. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
RE/MAX Price Performance
NYSE:RMAX traded down $0.08 during trading hours on Friday, hitting $8.11. The stock had a trading volume of 521,777 shares, compared to its average volume of 283,595. The company has a 50 day simple moving average of $8.22 and a two-hundred day simple moving average of $9.30. RE/MAX Holdings, Inc. has a one year low of $6.94 and a one year high of $20.48. The firm has a market capitalization of $148.25 million, a price-to-earnings ratio of -2.05 and a beta of 1.36.
RE/MAX (NYSE:RMAX – Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. RE/MAX had a negative net margin of 22.51% and a negative return on equity of 50.09%. The firm had revenue of $78.29 million during the quarter, compared to the consensus estimate of $78.14 million. Equities research analysts anticipate that RE/MAX Holdings, Inc. will post 0.7 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
RMAX has been the subject of several research analyst reports. Jonestrading restated a “hold” rating on shares of RE/MAX in a research note on Friday, March 1st. Stephens decreased their price target on shares of RE/MAX from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, May 6th. Finally, Morgan Stanley cut their price objective on shares of RE/MAX from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.60.
Get Our Latest Analysis on RE/MAX
RE/MAX Company Profile
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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