RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) insider Adam Peterson sold 216,281 shares of the business's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $11.10, for a total value of $2,400,719.10. Following the transaction, the insider owned 982,440 shares of the company's stock, valued at approximately $10,905,084. This represents a 18.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
RE/MAX Trading Down 2.1%
Shares of NYSE RMAX opened at $11.06 on Thursday. The stock has a 50 day simple moving average of $6.42 and a 200-day simple moving average of $7.36. The company has a market cap of $222.71 million, a PE ratio of 28.35 and a beta of 1.27. RE/MAX Holdings, Inc. has a 12-month low of $5.46 and a 12-month high of $11.62.
RE/MAX (NYSE:RMAX - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. The business had revenue of $71.14 million during the quarter, compared to the consensus estimate of $71.33 million. RE/MAX had a negative return on equity of 73.77% and a net margin of 2.80%. Sell-side analysts forecast that RE/MAX Holdings, Inc. will post 0.85 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research firms have weighed in on RMAX. JonesTrading upgraded RE/MAX from a "hold" rating to a "buy" rating and set a $13.80 target price for the company in a research report on Monday. Weiss Ratings restated a "sell (d)" rating on shares of RE/MAX in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, RE/MAX currently has an average rating of "Hold" and an average price target of $13.80.
View Our Latest Report on RMAX
Institutional Trading of RE/MAX
Hedge funds have recently modified their holdings of the business. Strs Ohio purchased a new stake in shares of RE/MAX in the first quarter valued at $30,000. Harbor Capital Advisors Inc. lifted its holdings in shares of RE/MAX by 20.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 7,698 shares of the financial services provider's stock valued at $58,000 after purchasing an additional 1,317 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in shares of RE/MAX in the fourth quarter valued at $76,000. Aaron Wealth Advisors LLC purchased a new stake in shares of RE/MAX in the first quarter valued at $84,000. Finally, Sei Investments Co. purchased a new stake in shares of RE/MAX in the second quarter valued at $86,000. Hedge funds and other institutional investors own 93.17% of the company's stock.
RE/MAX News Summary
Here are the key news stories impacting RE/MAX this week:
- Positive Sentiment: The company is moving forward with a merger to combine RE/MAX with The Real Brokerage to build a large, tech‑driven real estate platform — a strategic rationale that could improve scale, technology capabilities and growth prospects if the deal closes. The $880M Bet to Survive Real Estate's Reset
- Neutral Sentiment: Deal terms disclosed: RE/MAX shareholders are being offered either 5.152 shares of the combined company or $13.80 in cash per RMAX share (cash subject to proration) — provides a fixed‑cash option but raises valuation questions that investors will parse. RE/MAX Investor Alert
- Neutral Sentiment: Operational/market notes: local reporting says RE/MAX’s brand headquarters are being moved to Florida after a surprise purchase, and analysts/media are re‑examining RMAX’s recent earnings and sector positioning — items investors may watch for integration risk or cost savings. In surprise purchase, Colorado’s RE/MAX brand HQ heading for Florida
- Neutral Sentiment: Market chatter explained a recent sharp pre‑market surge and analysts have revisited RE/MAX relative to peers; such volatility can persist while deal and legal developments unfold. Why did RMAX stock surge 20% in pre-market today?
- Negative Sentiment: Insider selling: Director/insider Adam K. Peterson sold ~1.34M shares across April 27–29 for roughly $14.0M total (three SEC filings), materially reducing his stake — significant insider disposals often create selling pressure and raise investor concerns. SEC Filing — Insider Sales
- Negative Sentiment: Legal risk: multiple securities firms and plaintiff law firms (Kahn Swick & Foti, Bleichmar Fonti & Auld, Monteverde & Associates) have launched investigations into the proposed sale and potential breaches of fiduciary duty; potential litigation, shareholder suits or deal adjustment/delay increases uncertainty. BFA Law Investigation Monteverde Investigation KSF Investor Alert
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
