RE/MAX (NYSE:RMAX) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

RE/MAX Holdings, Inc. (NYSE:RMAX) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.41 and traded as low as $8.08. RE/MAX shares last traded at $8.2950, with a volume of 259,659 shares.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on RMAX shares. Wall Street Zen raised shares of RE/MAX from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of RE/MAX in a report on Friday, October 31st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, RE/MAX has a consensus rating of “Reduce” and an average price target of $9.00.

RE/MAX Price Performance

The company has a market capitalization of $166.40 million, a PE ratio of 13.60 and a beta of 1.24. The business’s 50 day simple moving average is $7.87 and its 200 day simple moving average is $8.41.

RE/MAX (NYSE:RMAX) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $73.25 million during the quarter, compared to analysts’ expectations of $73.68 million. RE/MAX had a net margin of 4.27% and a negative return on equity of 61.21%. As a group, analysts anticipate that RE/MAX Holdings, Inc. will post 0.89 EPS for the current year.

Institutional Trading of RE/MAX

A number of hedge funds and other institutional investors have recently modified their holdings of RMAX. Hillsdale Investment Management Inc. lifted its position in RE/MAX by 20.0% in the third quarter. Hillsdale Investment Management Inc. now owns 590,380 shares of the financial services provider’s stock valued at $5,567,000 after buying an additional 98,241 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of RE/MAX by 95.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 533,201 shares of the financial services provider’s stock valued at $5,028,000 after acquiring an additional 260,416 shares during the period. Geode Capital Management LLC lifted its holdings in shares of RE/MAX by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 437,340 shares of the financial services provider’s stock worth $3,578,000 after acquiring an additional 11,760 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of RE/MAX by 166.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 398,707 shares of the financial services provider’s stock worth $3,760,000 after acquiring an additional 249,188 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in shares of RE/MAX by 6.6% during the 3rd quarter. Bridgeway Capital Management LLC now owns 283,601 shares of the financial services provider’s stock worth $2,674,000 after purchasing an additional 17,545 shares during the period. 93.17% of the stock is owned by institutional investors and hedge funds.

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.