RE/MAX Holdings, Inc. (NYSE:RMAX) CAO Brett A. Ritchie Sells 2,670 Shares

CAO Brett A. Ritchie of RE / MAX Holdings, Inc. (NYSE: RMAX) sold 2,670 shares in the company in a transaction on Monday, January 25th. The shares were sold at an average price of $ 40.00 for a total value of $ 106,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission and available on the SEC website.

NYSE stocks: RMAX traded at $ 0.66 on Tuesday to hit $ 39.06. 422 shares of the company’s shares were traded, compared to an average volume of 89,030. RE / MAX Holdings, Inc. has a fifty-two-week low of $ 14.40 and a fifty-two-week high of $ 40.78. The company has a quick rate of 2.24, a current rate of 2.24, and a leverage ratio of 1.98. The company has a market cap of $ 724.84 million, a PE ratio of 56.42, and a beta of 1.55. The company has a 50-day simple moving average of $ 37.08 and a 200-day simple moving average of $ 34.42.

RE / MAX (NYSE: RMAX) last released its earnings results on Thursday, November 5th. The financial services company reported earnings per share of $ 0.64 for the quarter, beating Zacks’ consensus estimate of $ 0.60 by $ 0.04. RE / MAX had a return on equity of 44.11% and a net margin of 4.80%. The company posted revenue of $ 71.10 million for the quarter, compared to analyst expectations of $ 70.62 million. For the same period last year, the company posted earnings of $ 0.61 per share. The company’s quarterly revenue declined 0.6% year over year. On average, stock analysts predict that RE / MAX Holdings, Inc. will post an EPS of 1.54 for the current year.

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The watch was just starting the biggest financial event in 20 years. Fortune will be made and lost in 2021.

Several brokers have charged RMAX. Morgan Stanley raised its target price for RE / MAX from USD 37.00 to USD 40.00 and rated the stock as overweight in a research report on Tuesday, January 5th. JPMorgan Chase & Co. upgraded RE / MAX in a research report on Monday, December 21st, from an “underweight” rating to a “neutral” rating and raised the price target for the share from USD 27.00 to 36.00 USD increased. Finally, Zacks Investment Research downgraded RE / MAX from a “buy” rating to a “hold” rating in a research report on Tuesday November 3rd. Three research analysts have given the share a hold rating and three have given it a buy rating. The company currently has a consensus rating of “Buy” and an average price target of $ 37.00.

Institutional investors and hedge funds have recently increased or decreased their stake in the business. Cubist Systematic Strategies LLC acquired a new stake in RE / MAX worth approximately USD 264,000 in the third quarter. Nuveen Asset Management LLC increased its stake in RE / MAX by 4.6% in the second quarter. Nuveen Asset Management LLC now owns 83,951 shares in the financial services company, valued at $ 2,639,000, after purchasing an additional 3,707 shares last quarter. Two Sigma Advisers LP took a new position in RE / MAX shares valued at $ 239,000 in the second quarter. Charles Schwab Investment Management Inc. increased its position in RE / MAX stocks by 7.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 120,121 shares in the financial services company, valued at $ 3,776,000, after acquiring an additional 8,075 shares last quarter. Eventually, Stifel Financial Corp acquired a new stake in RE / MAX worth $ 322,000 in Q2. Institutional investors and hedge funds currently hold 95.47% of the company’s shares.

About RE / MAX

RE / MAX Holdings, Inc operates real estate and mortgage brokerage franchisors in the United States, Canada and internationally. The company operates in four segments: RE / MAX Franchising, Motto Franchising, Marketing Funds and Other. The company offers its real estate franchise services under the brand name RE / MAX. and Mortgage branded mortgage brokerage services.

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