RE/MAX (NYSE:RMAX) Share Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• RE/MAX's stock price recently surpassed its 50-day moving average of $9.07, trading as high as $9.24, before closing at $8.71 with a volume of 253,871 shares.
• Analysts' ratings on RE/MAX vary, with Weiss Ratings maintaining a "sell (d+)" rating, while Wall Street Zen upgraded it to a "buy," leading to an average consensus price target of $9.00.
• Insider transactions reveal significant activity, with Director Roger J. Dow selling 9,100 shares at $9.37, reducing his stake by nearly 14%.

RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.07 and traded as high as $9.24. RE/MAX shares last traded at $8.71, with a volume of 253,871 shares.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RMAX. Weiss Ratings reiterated a "sell (d+)" rating on shares of RE/MAX in a research report on Saturday, September 27th. Wall Street Zen raised shares of RE/MAX from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, RE/MAX currently has an average rating of "Reduce" and a consensus price target of $9.00.

RE/MAX Price Performance

The stock's fifty day moving average price is $9.07 and its 200-day moving average price is $8.32. The firm has a market cap of $174.46 million, a PE ratio of 18.53 and a beta of 1.17.

Insider Buying and Selling

In other RE/MAX news, Director Roger J. Dow sold 9,100 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $9.37, for a total value of $85,267.00. Following the transaction, the director directly owned 55,961 shares of the company's stock, valued at $524,354.57. This trade represents a 13.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On RE/MAX

Several hedge funds and other institutional investors have recently made changes to their positions in RMAX. Nuveen LLC acquired a new position in RE/MAX during the first quarter worth $1,342,000. Martingale Asset Management L P raised its holdings in shares of RE/MAX by 351.7% during the 1st quarter. Martingale Asset Management L P now owns 46,714 shares of the financial services provider's stock worth $391,000 after acquiring an additional 36,373 shares during the period. Invenomic Capital Management LP acquired a new position in shares of RE/MAX during the 1st quarter valued at about $1,468,000. GAMMA Investing LLC grew its holdings in shares of RE/MAX by 913.8% in the first quarter. GAMMA Investing LLC now owns 15,978 shares of the financial services provider's stock valued at $134,000 after purchasing an additional 14,402 shares during the period. Finally, Two Sigma Investments LP grew its holdings in shares of RE/MAX by 7.7% in the fourth quarter. Two Sigma Investments LP now owns 50,505 shares of the financial services provider's stock valued at $539,000 after purchasing an additional 3,590 shares during the period. 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.

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