RE/MAX (NYSE:RMAX) Given New $9.00 Price Target at Keefe, Bruyette & Woods

RE/MAX (NYSE:RMAX - Free Report) had its price target reduced by Keefe, Bruyette & Woods from $10.00 to $9.00 in a research report released on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider's stock.

Separately, StockNews.com raised RE/MAX from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 27th.

RE/MAX Stock Up 4.1 %

Shares of RMAX stock traded up $0.32 during trading on Monday, hitting $8.11. The company had a trading volume of 192,692 shares, compared to its average volume of 211,373. RE/MAX has a 52 week low of $6.90 and a 52 week high of $14.31. The stock has a market capitalization of $153.95 million, a price-to-earnings ratio of 23.17 and a beta of 1.25. The stock's 50-day moving average is $8.15 and its two-hundred day moving average is $10.14.

RE/MAX (NYSE:RMAX - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.10). The business had revenue of $72.47 million for the quarter, compared to the consensus estimate of $74.34 million. RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. On average, research analysts predict that RE/MAX will post 0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On RE/MAX

Several institutional investors have recently modified their holdings of RMAX. Magnolia Group LLC lifted its stake in 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 valued at $27,185,000 after acquiring an additional 26,798 shares during the period. Capital World Investors raised its position in shares of RE/MAX by 736.3% during the fourth quarter. Capital World Investors now owns 1,500,000 shares of the financial services provider's stock valued at $16,005,000 after buying an additional 1,320,628 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of RE/MAX by 24.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 895,668 shares of the financial services provider's stock worth $9,557,000 after buying an additional 178,599 shares in the last quarter. Renaissance Technologies LLC raised its stake in RE/MAX by 2.5% during the fourth 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 in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of 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 worth $4,519,000 after buying an additional 7,652 shares in the last quarter. 93.17% of the stock is owned by hedge funds and other 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.