RE/MAX (NYSE:RMAX) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Technical breach: RE/MAX shares dipped below their 200-day moving average of $7.53, trading as low as $5.67 and last at $5.7450 on volume of about 141,716, a bearish signal for the stock.
• Analyst sentiment is weak with a consensus rating of Reduce and a $9.00 target; Weiss Ratings reiterated a "sell (d)" and coverage consists of one Hold and one Sell.
• Insider selling and modest fundamentals: major shareholder Adam K. Peterson sold 81,693 shares at an average $5.80 (~$474k), reducing his stake, while the company has a market cap of ~$115.7M, a PE of 14.73 and reported quarterly EPS of $0.30 (above the $0.28 estimate).

RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.53 and traded as low as $5.67. RE/MAX shares last traded at $5.7450, with a volume of 141,716 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d)" rating on shares of RE/MAX in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $9.00.

RE/MAX Stock Down 0.9%

The stock has a market capitalization of $115.70 million, a PE ratio of 14.73 and a beta of 1.27. The stock has a fifty day moving average of $6.36 and a 200-day moving average of $7.53.

RE/MAX (NYSE:RMAX - Get Free Report) last released its earnings results on Thursday, February 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. The firm had revenue of $71.14 million during the quarter, compared to analyst estimates of $71.33 million. RE/MAX had a negative return on equity of 73.77% and a net margin of 2.80%. Equities research analysts expect that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.

Insider Transactions at RE/MAX

In related news, major shareholder Adam K. Peterson sold 81,693 shares of RE/MAX stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $5.80, for a total value of $473,819.40. Following the completion of the transaction, the insider directly owned 2,665,643 shares in the company, valued at approximately $15,460,729.40. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.80% of the company's stock.

Institutional Trading of RE/MAX

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in RE/MAX by 95.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 533,201 shares of the financial services provider's stock worth $5,028,000 after buying an additional 260,416 shares during the last quarter. Hillsdale Investment Management Inc. lifted its holdings in RE/MAX by 20.0% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 590,380 shares of the financial services provider's stock worth $5,567,000 after buying an additional 98,241 shares during the last quarter. Odyssean LLC purchased a new stake in RE/MAX during the 4th quarter worth about $107,000. Sei Investments Co. purchased a new stake in RE/MAX during the 2nd quarter worth about $86,000. Finally, Strs Ohio purchased a new stake in RE/MAX during the 1st quarter worth about $30,000. 93.17% of the stock is owned by hedge funds and other institutional investors.

RE/MAX Company Profile

RE/MAX Holdings, Inc NYSE: RMAX is a global franchisor of real estate brokerage services, offering residential and commercial property transaction support through a network of independently owned and operated offices. The company provides marketing, training, technology platforms and brand recognition for its affiliated agents, facilitating property buying, selling and leasing activities. In addition to core brokerage services, RE/MAX offers ancillary solutions such as mortgage referral, title and escrow coordination, relocation assistance and luxury market specialization.

Established in 1973 by David and Gail Liniger in Denver, Colorado, RE/MAX pioneered a high-commission, agent-driven model designed to attract experienced real estate professionals.

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