Key Points
- Major shareholder Adam Peterson sold 61,000 shares of RE/MAX on April 1 at an average price of $5.71 for a total of $348,310, reducing his stake by 2.29% to 2,604,643 shares (≈$14.87M).
- RE/MAX trades around $5.71 with a market cap of about $115M, a P/E of 14.64, a 52‑week range of $5.46–$10.32, and its 50/200‑day moving averages at $6.61/$7.70.
- Analyst/institutional sentiment is cautious: Weiss Ratings reiterated a "sell" and MarketBeat shows an average "Reduce" rating with a $9 consensus target, while institutional investors hold ~93.17% of the stock and several funds recently increased positions.
RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) major shareholder Adam Peterson sold 61,000 shares of the business's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $5.71, for a total transaction of $348,310.00. Following the completion of the sale, the insider directly owned 2,604,643 shares in the company, valued at approximately $14,872,511.53. This represents a 2.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
RE/MAX Stock Up 0.9%
NYSE RMAX opened at $5.71 on Friday. The company has a market capitalization of $115.00 million, a price-to-earnings ratio of 14.64 and a beta of 1.27. RE/MAX Holdings, Inc. has a twelve month low of $5.46 and a twelve month high of $10.32. The stock has a fifty day simple moving average of $6.61 and a 200 day simple moving average of $7.70.
RE/MAX (NYSE:RMAX - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The financial services provider reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. The firm had revenue of $71.14 million for 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%. Research analysts expect that RE/MAX Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (d)" rating on shares of RE/MAX in a report on Wednesday, January 28th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, RE/MAX presently has an average rating of "Reduce" and a consensus price target of $9.00.
Get Our Latest Stock Analysis on RMAX
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Hillsdale Investment Management Inc. boosted its position in shares of 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 valued at $5,567,000 after purchasing an additional 98,241 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in RE/MAX by 95.5% in the third quarter. JPMorgan Chase & Co. now owns 533,201 shares of the financial services provider's stock worth $5,028,000 after purchasing an additional 260,416 shares in the last quarter. Geode Capital Management LLC lifted its stake in RE/MAX by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 462,742 shares of the financial services provider's stock valued at $3,513,000 after buying an additional 12,372 shares during the period. Russell Investments Group Ltd. lifted its stake in RE/MAX by 166.7% in the third quarter. Russell Investments Group Ltd. now owns 398,707 shares of the financial services provider's stock valued at $3,760,000 after buying an additional 249,188 shares during the period. Finally, Nuveen LLC boosted its holdings in shares of RE/MAX by 23.1% during the 4th quarter. Nuveen LLC now owns 307,771 shares of the financial services provider's stock worth $2,336,000 after buying an additional 57,760 shares in the last quarter. 93.17% of the stock is owned by institutional investors.
About RE/MAX
(
Get Free Report)
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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