RE/MAX (NYSE:RMAX) Director Roger Dow Sells 9,100 Shares

Key Points

• RE/MAX Director Roger Dow sold 9,100 shares of the company at an average price of $9.37, totaling $85,267, which represents a 13.99% decrease in his holdings.
• The company's stock is currently trading at $9.22, with a 1-year performance range between $6.90 and $14.31.
• Recently, Wall Street Zen upgraded RE/MAX from a "hold" to a "buy" rating, indicating positive sentiment as analysts review the stock's performance.

RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) Director Roger Dow sold 9,100 shares of the company's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $9.37, for a total transaction of $85,267.00. Following the transaction, the director owned 55,961 shares of the company's stock, valued at approximately $524,354.57. This trade represents a 13.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

RE/MAX Stock Performance

Shares of RMAX traded down $0.14 during mid-day trading on Thursday, hitting $9.22. 168,896 shares of the company were exchanged, compared to its average volume of 198,860. RE/MAX Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $14.31. The company has a 50 day moving average of $9.05 and a 200-day moving average of $8.33. The stock has a market cap of $184.62 million, a price-to-earnings ratio of 19.61 and a beta of 1.17.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of RE/MAX from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $9.00.

Institutional Trading of RE/MAX

Hedge funds have recently bought and sold shares of the business. Nuveen LLC acquired a new stake in RE/MAX in the 1st quarter valued at about $1,342,000. Martingale Asset Management L P raised its holdings in RE/MAX by 351.7% in the 1st quarter. Martingale Asset Management L P now owns 46,714 shares of the financial services provider's stock valued at $391,000 after acquiring an additional 36,373 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in RE/MAX in the 1st quarter valued at about $1,468,000. GAMMA Investing LLC raised its holdings in RE/MAX by 913.8% in the 1st quarter. GAMMA Investing LLC now owns 15,978 shares of the financial services provider's stock valued at $134,000 after acquiring an additional 14,402 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in RE/MAX by 19.3% in the 4th quarter. Two Sigma Advisers LP now owns 17,300 shares of the financial services provider's stock valued at $185,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 93.17% of the company's stock.

About RE/MAX

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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