RE/MAX (NYSE:RMAX) Stock Passes Above 50-Day Moving Average - Time to Sell?

RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.96 and traded as high as $8.24. RE/MAX shares last traded at $8.17, with a volume of 218,049 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RMAX shares. Wall Street Zen lowered RE/MAX from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods cut their target price on shares of RE/MAX from $10.00 to $9.00 and set a "market perform" rating on the stock in a research report on Monday, April 28th.

RE/MAX Trading Down 0.7%

The stock has a 50 day moving average price of $8.00 and a two-hundred day moving average price of $8.56. The company has a market cap of $164.82 million, a price-to-earnings ratio of 19.23 and a beta of 1.17.

Insiders Place Their Bets

In related news, EVP Abigail C. Lee sold 10,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $7.78, for a total value of $77,800.00. Following the sale, the executive vice president directly owned 151,874 shares in the company, valued at $1,181,579.72. This trade represents a 6.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.80% of the company's stock.

Institutional Investors Weigh In On RE/MAX

Several hedge funds have recently bought and sold shares of RMAX. Magnolia Group LLC raised its position in shares of RE/MAX by 0.8% during the first quarter. Magnolia Group LLC now owns 3,247,929 shares of the financial services provider's stock worth $27,185,000 after purchasing an additional 26,798 shares during the period. Capital World Investors raised its holdings 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 worth $16,005,000 after acquiring an additional 1,320,628 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of RE/MAX by 24.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 895,668 shares of the financial services provider's stock worth $9,557,000 after acquiring an additional 178,599 shares during the period. Renaissance Technologies LLC raised its holdings in shares of RE/MAX by 2.5% during the fourth quarter. Renaissance Technologies LLC now owns 808,369 shares of the financial services provider's stock worth $8,625,000 after acquiring an additional 19,969 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of RE/MAX by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 423,443 shares of the financial services provider's stock worth $4,519,000 after acquiring an additional 7,652 shares during the period. 93.17% of the stock is currently owned by institutional investors and hedge funds.

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.