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

RE/MAX (NYSE:RMAX) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Separately, Stephens raised their price target on RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.38.

RE/MAX Trading Down 1.5 %

Shares of NYSE RMAX traded down $0.20 during midday trading on Thursday, reaching $13.28. 105,722 shares of the company were exchanged, compared to its average volume of 269,341. RE/MAX has a 1 year low of $6.94 and a 1 year high of $14.31. The stock has a fifty day simple moving average of $12.14 and a 200 day simple moving average of $10.39. The stock has a market cap of $250.59 million, a P/E ratio of -24.59 and a beta of 1.36.

Insider Buying and Selling at RE/MAX

In other news, major shareholder Adam K. Peterson purchased 27,366 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $10.96 per share, with a total value of $299,931.36. Following the purchase, the insider now directly owns 3,178,040 shares of the company’s stock, valued at $34,831,318.40. The trade was a 0.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 5.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On RE/MAX

Several institutional investors have recently modified their holdings of the company. Barclays PLC boosted its stake in shares of RE/MAX by 248.3% during the 3rd quarter. Barclays PLC now owns 25,933 shares of the financial services provider’s stock worth $323,000 after acquiring an additional 18,488 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of RE/MAX by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 415,791 shares of the financial services provider’s stock worth $5,178,000 after acquiring an additional 7,688 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of RE/MAX during the 3rd quarter worth approximately $145,000. State Street Corp raised its position in shares of RE/MAX by 6.6% during the 3rd quarter. State Street Corp now owns 435,652 shares of the financial services provider’s stock worth $5,424,000 after purchasing an additional 27,131 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new position in shares of RE/MAX during the 3rd quarter worth approximately $135,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.

RE/MAX Company Profile

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.