RE/MAX (NYSE:RMAX) Upgraded to Strong-Buy at Wall Street Zen

RE/MAX (NYSE:RMAX - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Friday.

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of RE/MAX from $10.00 to $9.00 and set a "market perform" rating for the company in a research report on Monday, April 28th.

RE/MAX Stock Up 0.6%

RE/MAX stock traded up $0.06 during trading on Friday, reaching $8.53. The stock had a trading volume of 355,278 shares, compared to its average volume of 197,745. RE/MAX has a 52-week low of $6.90 and a 52-week high of $14.31. The business has a 50 day moving average price of $7.79 and a 200 day moving average price of $8.92. The stock has a market cap of $169.90 million, a PE ratio of 19.83 and a beta of 1.17.

Insider Activity

In other news, EVP Abigail C. Lee sold 10,000 shares of RE/MAX stock in a transaction 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 transaction, the executive vice president now directly owns 151,874 shares of the company's stock, valued at $1,181,579.72. The trade was a 6.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 6.80% of the company's stock.

Hedge Funds Weigh In On RE/MAX

Several institutional investors have recently bought and sold shares of RMAX. Charles Schwab Investment Management Inc. boosted its position in shares of RE/MAX by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 151,779 shares of the financial services provider's stock worth $1,619,000 after buying an additional 1,092 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in RE/MAX by 4.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,887 shares of the financial services provider's stock valued at $266,000 after purchasing an additional 1,154 shares in the last quarter. Northern Trust Corp lifted its holdings in RE/MAX by 1.0% in the 4th quarter. Northern Trust Corp now owns 164,217 shares of the financial services provider's stock valued at $1,752,000 after purchasing an additional 1,572 shares in the last quarter. Brandywine Global Investment Management LLC lifted its holdings in RE/MAX by 12.5% in the 1st quarter. Brandywine Global Investment Management LLC now owns 14,370 shares of the financial services provider's stock valued at $120,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in RE/MAX by 27.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,603 shares of the financial services provider's stock valued at $113,000 after purchasing an additional 2,286 shares in the last quarter. 93.17% of the stock is owned by institutional investors and hedge funds.

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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