RE/MAX (NYSE:RMAX) Stock Rating Lowered by StockNews.com

by · The Cerbat Gem

RE/MAX (NYSE:RMAX – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Separately, Stephens increased their price objective on shares of RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.38.

Check Out Our Latest Stock Report on RMAX

RE/MAX Stock Down 0.6 %

RMAX traded down $0.08 during midday trading on Wednesday, hitting $12.30. 260,047 shares of the company traded hands, compared to its average volume of 271,276. The firm has a market capitalization of $231.98 million, a PE ratio of -22.78 and a beta of 1.36. The company’s 50-day moving average is $11.93 and its 200 day moving average is $9.90. RE/MAX has a 52 week low of $6.94 and a 52 week high of $13.70.

RE/MAX (NYSE:RMAX – Get Free Report) last posted its earnings results on Thursday, August 8th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. The business had revenue of $78.45 million for the quarter, compared to analysts’ expectations of $78.16 million. RE/MAX had a negative net margin of 3.08% and a negative return on equity of 35.76%. On average, sell-side analysts predict that RE/MAX will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RE/MAX

Institutional investors have recently made changes to their positions in the business. nVerses Capital LLC increased its holdings in RE/MAX by 566.7% in the 3rd quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,700 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in RE/MAX by 19,729.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock valued at $43,000 after buying an additional 5,327 shares in the last quarter. SG Americas Securities LLC purchased a new stake in RE/MAX during the 3rd quarter valued at approximately $147,000. Pinnacle Wealth Planning Services Inc. grew its holdings in RE/MAX by 15.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 12,222 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,644 shares in the last quarter. Finally, Metis Global Partners LLC purchased a new stake in RE/MAX during the 3rd quarter valued at approximately $156,000. Institutional investors own 93.17% of the company’s stock.

RE/MAX Company Profile

(Get 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 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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