Insider Selling: RE/MAX (NYSE:RMAX) Director Sells $85,267.00 in Stock

RE/MAX Holdings, Inc. (NYSE:RMAX) Director Roger Dow sold 9,100 shares of the business’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $9.37, for a total transaction of $85,267.00. Following the completion of the sale, the director directly owned 55,961 shares in the company, valued at $524,354.57. This trade represents a 13.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

RE/MAX Stock Performance

RE/MAX stock opened at $9.14 on Friday. The company’s 50 day simple moving average is $9.06 and its 200-day simple moving average is $8.33. The company has a market capitalization of $182.97 million, a price-to-earnings ratio of 19.44 and a beta of 1.17. RE/MAX Holdings, Inc. has a 1 year low of $6.90 and a 1 year high of $14.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in RE/MAX by 312.5% during the 2nd quarter. CWM LLC now owns 3,543 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 2,684 shares in the last quarter. Strs Ohio acquired a new position in RE/MAX during the 1st quarter worth approximately $30,000. Sei Investments Co. acquired a new position in RE/MAX during the 2nd quarter worth approximately $86,000. State of Wyoming grew its holdings in RE/MAX by 41.3% during the 1st quarter. State of Wyoming now owns 11,990 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 3,506 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. acquired a new position in RE/MAX during the 2nd quarter worth approximately $110,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RMAX. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of RE/MAX in a research note on Saturday, September 27th. Wall Street Zen raised shares of RE/MAX from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, RE/MAX presently has an average rating of “Reduce” and a consensus price target of $9.00.

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.