Craig Hallum initiated coverage on shares of RE/MAX Holdings, Inc. (NYSE:RMAX) in a report issued on Wednesday. The brokerage set a “buy” rating and a $75.00 price target on the financial services provider’s stock. Craig Hallum’s price objective would indicate a potential upside of 22.45% from the company’s current price.

Other analysts have also issued reports about the stock. BidaskClub lowered shares of RE/MAX Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded shares of RE/MAX Holdings from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Wednesday, August 9th. Stephens lowered shares of RE/MAX Holdings from an “overweight” rating to an “equal weight” rating and set a $66.00 price target for the company. in a research note on Monday, August 7th. Finally, Bank of America Corporation lowered shares of RE/MAX Holdings from a “neutral” rating to an “underperform” rating and set a $56.00 price target for the company. in a research note on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. RE/MAX Holdings currently has an average rating of “Hold” and an average price target of $63.80.

RE/MAX Holdings (RMAX) opened at 61.25 on Wednesday. RE/MAX Holdings has a 1-year low of $40.99 and a 1-year high of $66.10. The firm has a 50-day moving average of $59.49 and a 200-day moving average of $57.42. The stock has a market capitalization of $1.08 billion, a PE ratio of 46.47 and a beta of 0.93.

RE/MAX Holdings (NYSE:RMAX) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. RE/MAX Holdings had a net margin of 12.45% and a return on equity of 79.94%. The firm had revenue of $48.82 million during the quarter, compared to analyst estimates of $48.29 million. During the same period in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities analysts expect that RE/MAX Holdings will post $1.90 EPS for the current fiscal year.

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In related news, President Geoffrey D. Lewis sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $72,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.58% of the company’s stock.

A number of hedge funds have recently made changes to their positions in RMAX. Teachers Advisors LLC raised its stake in shares of RE/MAX Holdings by 5.4% in the fourth quarter. Teachers Advisors LLC now owns 29,462 shares of the financial services provider’s stock valued at $1,650,000 after buying an additional 1,503 shares during the period. Bank of Montreal Can raised its stake in shares of RE/MAX Holdings by 108.2% in the first quarter. Bank of Montreal Can now owns 9,980 shares of the financial services provider’s stock valued at $593,000 after buying an additional 5,187 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of RE/MAX Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the financial services provider’s stock valued at $428,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue raised its stake in shares of RE/MAX Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,950 shares of the financial services provider’s stock valued at $115,000 after buying an additional 40 shares during the period. Finally, Glen Harbor Capital Management LLC raised its stake in shares of RE/MAX Holdings by 127.3% in the first quarter. Glen Harbor Capital Management LLC now owns 1,700 shares of the financial services provider’s stock valued at $101,000 after buying an additional 952 shares during the period.

About RE/MAX Holdings

RE/MAX Holdings, Inc is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.

Analyst Recommendations for RE/MAX Holdings (NYSE:RMAX)

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