RE/MAX (NYSE:RMAX) Shares Cross Below 200-Day Moving Average – Should You Sell?

RE/MAX Holdings, Inc. (NYSE:RMAX) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.29 and traded as low as $8.97. RE/MAX shares last traded at $9.04, with a volume of 181,372 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.17.

RE/MAX Stock Performance

The firm has a 50-day moving average of $10.15 and a 200-day moving average of $11.29. The firm has a market capitalization of $167.05 million, a P/E ratio of 25.27 and a beta of 1.37.

RE/MAX (NYSE:RMAX) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.10). RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. The business had revenue of $72.47 million for the quarter, compared to analysts’ expectations of $74.34 million. On average, research analysts forecast that RE/MAX Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Adam K. Peterson bought 13,636 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average cost of $10.45 per share, for a total transaction of $142,496.20. Following the completion of the transaction, the insider now owns 3,221,131 shares of the company’s stock, valued at approximately $33,660,818.95. This trade represents a 0.43 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 69,889 shares of company stock valued at $729,432 over the last three months. Insiders own 5.99% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RMAX. JPMorgan Chase & Co. increased its holdings in shares of RE/MAX by 145.2% in the third quarter. JPMorgan Chase & Co. now owns 120,247 shares of the financial services provider’s stock worth $1,497,000 after purchasing an additional 71,215 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of RE/MAX by 23.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 54,101 shares of the financial services provider’s stock worth $674,000 after acquiring an additional 10,207 shares in the last quarter. Barclays PLC boosted its position 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 valued at $323,000 after acquiring an additional 18,488 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of RE/MAX by 1.9% in the third quarter. Geode Capital Management LLC now owns 415,791 shares of the financial services provider’s stock valued at $5,178,000 after purchasing an additional 7,688 shares in the last quarter. Finally, State Street Corp increased its position in RE/MAX by 6.6% in the third 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. Institutional investors own 93.17% of the company’s stock.

About RE/MAX

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.