The price of RE/MAX Holdings Inc. (NYSE:RMAX) shares last traded on Wall Street fell -3.05% to $19.10.
Based on available information, 7 analysts follow RE/MAX Holdings Inc. (NYSE:RMAX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $23.00, we find $26.00. Given the previous closing price of $19.70, this indicates a potential upside of 31.98 percent. RMAX stock price is now -1.24% away from the 50-day moving average and -21.58% away from the 200-day moving average. The market capitalization of the company currently stands at $333.68M.
Among analysts, 4 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $25.50 as their price target over the next twelve months.
With the price target reduced from $40 to $33.50, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for RE/MAX Holdings Inc. (NYSE: RMAX). On July 21, 2021, Berenberg recently initiated its ‘Buy’ rating on the stock quoting a target price of $41, while ‘Compass Point’ rates the stock as ‘Neutral’.
In other news, Peterson Adam K, 10% Owner bought 6,560 shares of the company’s stock on Nov 09. The stock was bought for $114,013 at an average price of $17.38. Upon completion of the transaction, the 10% Owner now directly owns 2,234,158 shares in the company, valued at $42.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 08, 10% Owner Peterson Adam K bought 4,913 shares of the business’s stock. A total of $85,781 was incurred on buying the stock at an average price of $17.46. This leaves the insider owning 2,227,598 shares of the company worth $42.55 million. Insiders disposed of 57,503 shares of company stock worth roughly $1.1 million over the past 1 year. A total of 11.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RMAX stock. A new stake in RE/MAX Holdings Inc. shares was purchased by FARMER STEVEN PATRICK during the first quarter worth $11,389,000. CUBIST SYSTEMATIC STRATEGIES, LLC invested $1,352,000 in shares of RMAX during the first quarter. In the first quarter, DYNAMIC TECHNOLOGY LAB PRIVATE LTD acquired a new stake in RE/MAX Holdings Inc. valued at approximately $493,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in RMAX for approximately $425,000. ENGINEERS GATE MANAGER LP purchased a new stake in RMAX valued at around $376,000 in the second quarter.
A candlestick chart of RE/MAX Holdings Inc. (NYSE: RMAX) showed a price of $19.70 on Monday morning. During the past 12 months, RE/MAX Holdings Inc. has had a low of $17.03 and a high of $31.91. As of last week, the company has a debt-to-equity ratio of 0.91, a current ratio of 1.60, and a quick ratio of 1.60. The fifty day moving average price for RMAX is $19.34 and a two-hundred day moving average price translates $24.36 for the stock.
The latest earnings results from RE/MAX Holdings Inc. (NYSE: RMAX) was released for Jun, 2022. According to the Real Estate Services Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.64 by 0.04. This compares to -$1.34 EPS in the same period last year. The net profit margin was 2.90% and return on equity was 2.10% for RMAX. The company reported revenue of $88.94 million for the quarter, compared to $91.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.26 percent. For the current quarter, analysts expect RMAX to generate $88.86M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/30/2022. Investors who held shares on 08/16/2022 were paid a $0.23 dividend. On an annualized basis, this represents a $0.92 dividend and a 4.82% percent yield. There was an ex-dividend date of 08/15/2022 for this dividend. In terms of dividend payout ratio, RMAX is presently at 165.40%.
RE/MAX Holdings Inc.(RMAX) Company Profile
RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. It 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. In addition, the company provides First mobile app, which integrates a suite of digital products that enables agents, brokers, and teams to establish and manage client relationships; RE/MAX University platform, a learning hub designed to help each agent in their professional expertise; and Booj platform. The company was founded in 1973 and is headquartered in Denver, Colorado.