RE/MAX Holdings, Inc. (NYSE:RMAX) receives an average price target of $11.60 from analysts

Shares of RE/MAX Holdings, Inc. (NYSE:RMAX – Get Your Free Report ) has earned an average rating of “Reduce” from the five analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.90.

A number of brokerages weighed in on RMAX. StockNews.com upgraded RE/MAX from a “hold” rating to a “buy” rating in a research report on Tuesday. Stephens upped their target price on shares of RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a report on Monday, August 12th.

Read our latest report on RE/MAX

RE/MAX Trading Up 1.2%

NYSE RMAX opened at $10.26 on Monday. RE/MAX has a 1 year low of $6.94 and a 1 year high of $17.52. The company has a market cap of $187.51 million, a price-to-earnings ratio of -2.60 and a beta of 1.37. The stock’s 50-day moving average is $8.78, and its two-hundred-day moving average is $8.59.

Buying and selling inside at RE/MAX

In related news, major shareholder Adam K. Peterson purchased 46,629 shares of RE/MAX stock in a transaction dated Tuesday, June 18th. The stock was purchased at an average price of $8.30 per share, for a total transaction of $387,020.70. Following the completion of the purchase, the insider now owns 3,084,472 shares in the company, valued at $25,601,117.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. In other RE/MAX news, major shareholder Adam K. Peterson purchased 26,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was purchased at an average price of $8.03 per share, with a total value of $208,780.00. Following the purchase, the insider now owns 3,150,152 shares of the company’s stock, valued at approximately $25,295,720.56. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. Also, major shareholder Adam K. Peterson bought 46,629 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average cost of $8.30 per share, with a total value of $387,020.70. Following the completion of the purchase, the insider now owns 3,084,472 shares of the company’s stock, valued at approximately $25,601,117.60. Disclosure for this purchase can be found here. Over the last three months, insiders have purchased 100,309 shares of company stock worth $824,351. Company insiders own 5.99% of the company’s shares.

Institutional inputs and outputs

Several institutional investors and hedge funds have recently made changes to their positions in RMAX. Magnolia Group LLC boosted its position in shares of RE/MAX by 13.7% in the fourth quarter. Magnolia Group LLC now owns 2,983,843 shares of the financial services provider’s stock worth $39,775,000 after buying an additional 358,736 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in RE/MAX by 46.2% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,057,780 shares of the financial services provider’s stock worth $14,100,000 , after acquiring an additional 334,290 shares in the last quarter. Assenagon Asset Management SA bought a new position in shares of RE/MAX in the 2nd quarter worth about $1,778,000. Russell Investments Group Ltd. purchased a new stake in shares of RE/MAX in the fourth quarter valued at about $2,583,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of RE/MAX by 107.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 291,855 shares of the financial services provider’s stock valued at $2,560,000 after buying an additional 151,036 shares in the last quarter. Institutional investors and hedge funds own 93.17% of the company’s shares.

About RE/MAX

(Get a free report

RE/MAX Holdings, Inc operates as a franchisor of real estate brokerage services in the United States, Canada and internationally. It operates through the segments of real estate, mortgage and marketing funds. The company offers real estate brokerage franchise services under the RE/MAX brand; mortgage brokerage services for real estate brokers, real estate professionals, mortgage loan professionals and other investors under the Motto Mortgage brand; and wemlo-branded mortgage loan processing software and services.

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