Brokerages Set RE/MAX Holdings, Inc. (NYSE:RMAX) Target Price at $11.90

RE/MAX Holdings, Inc. (NYSE:RMAX) has earned a consensus recommendation of “Reduce” from the five analysts that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $11.90.

Several research analysts have recently weighed in on the company. StockNews.com raised RE/MAX from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Stephens upped their price objective on RE/MAX from $9.00 to $10.50 and gave the stock an “equal weight” rating in a research report on Monday, August 12th.

RE/MAX Price Performance

NYSE:RMAX opened at $11.85 on Tuesday. RE/MAX has a 1 year low of $6.94 and a 1 year high of $13.70. The stock has a 50-day moving average price of $11.05 and a two-hundred day moving average price of $9.24.

RE/MAX (NYSE:RMAX) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $78.45 million during the quarter, compared to analysts’ expectations of $78.16 million. RE/MAX had a negative return on equity of 35.12% and a negative net margin of 22.26%. Research analysts expect that RE/MAX will post 0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RMAX. Hotchkis & Wiley Capital Management LLC raised its stake in RE/MAX by 46.2% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,057,780 shares of the financial services provider’s stock valued at $14,100,000 after buying an additional 334,290 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of RE/MAX during the second quarter worth approximately $1,778,000. Jacobs Levy Equity Management Inc. increased its stake in shares of RE/MAX by 107.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 291,855 shares of the financial services provider’s stock worth $2,560,000 after purchasing an additional 151,036 shares during the period. Blair William & Co. IL increased its stake in shares of RE/MAX by 767.5% during the first quarter. Blair William & Co. IL now owns 109,611 shares of the financial services provider’s stock worth $961,000 after purchasing an additional 96,976 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of RE/MAX by 9.2% during the first quarter. Vanguard Group Inc. now owns 1,121,789 shares of the financial services provider’s stock worth $9,838,000 after purchasing an additional 94,758 shares during the period. 93.17% of the stock is owned by institutional investors and hedge funds.

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.