RE/MAX (NYSE:RMAX) Lowered to "Buy" Rating by Wall Street Zen

RE/MAX (NYSE:RMAX - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.

Separately, Keefe, Bruyette & Woods decreased their target price on shares of RE/MAX from $10.00 to $9.00 and set a "market perform" rating for the company in a research report on Monday, April 28th.

RE/MAX Stock Down 1.6%

RMAX stock traded down $0.13 during trading hours on Friday, hitting $8.30. The company's stock had a trading volume of 150,750 shares, compared to its average volume of 195,886. The company has a market capitalization of $165.40 million, a PE ratio of 19.30 and a beta of 1.17. RE/MAX has a 12 month low of $6.90 and a 12 month high of $14.31. The stock has a 50 day moving average price of $7.93 and a two-hundred day moving average price of $8.69.

Insider Activity

In related news, EVP Abigail C. Lee sold 10,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $7.78, for a total transaction of $77,800.00. Following the completion of the sale, the executive vice president directly owned 151,874 shares of the company's stock, valued at approximately $1,181,579.72. This represents a 6.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.80% of the company's stock.

Institutional Trading of RE/MAX

Several large investors have recently modified their holdings of the company. Magnolia Group LLC boosted its holdings in shares of RE/MAX by 0.8% during the 1st quarter. Magnolia Group LLC now owns 3,247,929 shares of the financial services provider's stock worth $27,185,000 after buying an additional 26,798 shares during the period. Capital World Investors boosted its holdings in shares of RE/MAX by 736.3% during the 4th quarter. Capital World Investors now owns 1,500,000 shares of the financial services provider's stock worth $16,005,000 after buying an additional 1,320,628 shares during the period. Dimensional Fund Advisors LP boosted its holdings in RE/MAX by 24.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 895,668 shares of the financial services provider's stock valued at $9,557,000 after purchasing an additional 178,599 shares during the period. Renaissance Technologies LLC boosted its holdings in RE/MAX by 2.5% in the 4th quarter. Renaissance Technologies LLC now owns 808,369 shares of the financial services provider's stock valued at $8,625,000 after purchasing an additional 19,969 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in RE/MAX by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 423,443 shares of the financial services provider's stock valued at $4,519,000 after purchasing an additional 7,652 shares during the period. 93.17% of the stock is owned by institutional investors.

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.