RE/MAX Holdings, Inc. (NYSE:RMAX) Given Average Rating of “Reduce” by Analysts

Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) have received a consensus rating of “Reduce” from the five brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $10.38.

Several equities analysts have recently issued reports on the stock. Stephens lifted their price objective on shares of RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. StockNews.com cut RE/MAX from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th.

RE/MAX Stock Up 4.1 %

NYSE:RMAX opened at $11.41 on Wednesday. The business’s 50-day moving average price is $12.07 and its 200 day moving average price is $10.22. RE/MAX has a 52-week low of $6.94 and a 52-week high of $13.70. The firm has a market cap of $215.31 million, a P/E ratio of -21.13 and a beta of 1.36.

Hedge Funds Weigh In On RE/MAX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in RE/MAX by 114.2% during the 1st quarter. BNP Paribas Financial Markets now owns 36,368 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 19,393 shares during the period. SG Americas Securities LLC lifted its stake in RE/MAX by 12.7% in the 1st quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 1,469 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in RE/MAX by 17.2% in the 1st quarter. Russell Investments Group Ltd. now owns 227,103 shares of the financial services provider’s stock worth $1,992,000 after acquiring an additional 33,351 shares in the last quarter. Blair William & Co. IL boosted its position in RE/MAX by 767.5% during the 1st quarter. Blair William & Co. IL now owns 109,611 shares of the financial services provider’s stock worth $961,000 after acquiring an additional 96,976 shares during the period. Finally, Vanguard Group Inc. grew its stake in RE/MAX by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider’s stock valued at $9,838,000 after acquiring an additional 94,758 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

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.