RE/MAX (NYSE:RMAX) Stock Passes Below 200 Day Moving Average - Time to Sell?

RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.71 and traded as low as $8.27. RE/MAX shares last traded at $8.45, with a volume of 199,222 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RMAX. Keefe, Bruyette & Woods decreased their target price on RE/MAX from $10.00 to $9.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Wall Street Zen raised RE/MAX from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th.

RE/MAX Trading Down 1.6%

The company has a 50 day moving average price of $7.92 and a 200 day moving average price of $8.71. The company has a market capitalization of $165.40 million, a P/E ratio of 11.09 and a beta of 1.17.

Insider Transactions at RE/MAX

In other news, EVP Abigail C. Lee sold 10,000 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $7.78, for a total value of $77,800.00. Following the completion of the sale, the executive vice president owned 151,874 shares of the company's stock, valued at approximately $1,181,579.72. The trade was a 6.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On RE/MAX

Several institutional investors have recently made changes to their positions in RMAX. Capital World Investors raised its position in 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 purchasing an additional 1,320,628 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 last quarter. Invenomic Capital Management LP acquired a new position in shares of RE/MAX during the 1st quarter worth $1,468,000. Nuveen LLC bought a new stake in shares of RE/MAX during the 1st quarter worth $1,342,000. Finally, Prudential Financial Inc. boosted its stake in RE/MAX by 101.6% in the fourth quarter. Prudential Financial Inc. now owns 212,762 shares of the financial services provider's stock valued at $2,270,000 after buying an additional 107,207 shares in the last quarter. 93.17% of the stock is currently owned by institutional investors.

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.