RE/MAX Holdings, Inc. (NYSE:RMAX) Receives $11.90 Consensus Price Target from Analysts

RE/MAX Holdings, Inc. (NYSE:RMAX) has been given an average rating of “Reduce” by the five analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $11.90.

Several brokerages have recently issued reports on RMAX. Stephens raised their target price on shares of RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a report on Monday, August 12th. StockNews.com raised shares of RE/MAX from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.

RE/MAX Stock Down 7.3 %

Shares of NYSE:RMAX opened at $11.35 on Friday. The firm has a market capitalization of $214.06 million, a PE ratio of -2.93 and a beta of 1.36. RE/MAX has a twelve month low of $6.94 and a twelve month high of $13.70. The company has a 50-day moving average price of $11.93 and a two-hundred day moving average price of $9.79.

RE/MAX (NYSE:RMAX) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $78.45 million during the quarter, compared to analyst estimates of $78.16 million. RE/MAX had a negative net margin of 22.26% and a negative return on equity of 35.12%. Analysts anticipate that RE/MAX will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of RE/MAX

Several hedge funds have recently modified their holdings of the stock. nVerses Capital LLC raised its stake in RE/MAX by 566.7% in the third quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock valued at $25,000 after buying an additional 1,700 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of RE/MAX by 19,729.6% during the second quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 5,327 shares during the last quarter. Patron Partners LLC purchased a new position in shares of RE/MAX during the first quarter worth about $93,000. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of RE/MAX by 15.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 12,222 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 1,644 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of RE/MAX by 12.7% during the first quarter. SG Americas Securities LLC now owns 12,992 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,469 shares during the last quarter. 93.17% of the stock is currently owned by institutional investors and hedge funds.

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.