Zacks Investment Research downgraded shares of RE/MAX Holdings, Inc. (NYSE:RMAX) from a hold rating to a sell rating in a research report report published on Thursday.

According to Zacks, “Re/Max Holdings, Inc. is a franchisor of real estate brokerage services. Re/Max Holdings, Inc. is based in Denver, CO. “

Several other equities research analysts have also commented on the company. Piper Jaffray Companies began coverage on RE/MAX Holdings in a research report on Thursday, September 28th. They issued an overweight rating and a $69.00 price objective on the stock. BidaskClub upgraded RE/MAX Holdings from a hold rating to a buy rating in a research report on Tuesday, September 26th. Craig Hallum assumed coverage on RE/MAX Holdings in a research report on Wednesday, August 30th. They set a buy rating and a $75.00 target price on the stock. Stephens lowered RE/MAX Holdings from an overweight rating to an equal weight rating and set a $66.00 target price on the stock. in a research report on Monday, August 7th. Finally, Bank of America Corporation lowered RE/MAX Holdings from a neutral rating to an underperform rating and set a $56.00 target price on the stock. in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $64.67.

RE/MAX Holdings (NYSE RMAX) traded down 0.77% during midday trading on Thursday, reaching $64.75. 68,154 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 49.13 and a beta of 0.93. The firm’s 50 day moving average is $61.41 and its 200 day moving average is $58.21. RE/MAX Holdings has a 52 week low of $41.48 and a 52 week high of $66.10.

RE/MAX Holdings (NYSE:RMAX) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.06. RE/MAX Holdings had a return on equity of 79.94% and a net margin of 12.45%. The business had revenue of $48.82 million for the quarter, compared to analyst estimates of $48.29 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities analysts anticipate that RE/MAX Holdings will post $1.90 earnings per share for the current year.

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In other news, President Geoffrey D. Lewis sold 1,200 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was 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 SEC, which is available at the SEC website. Company insiders own 0.58% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. raised its stake in RE/MAX Holdings by 6.5% in the 1st quarter. Sei Investments Co. now owns 2,501 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 153 shares during the last quarter. Victory Capital Management Inc. acquired a new position in RE/MAX Holdings in the 1st quarter valued at $159,000. State of Alaska Department of Revenue raised its stake in RE/MAX Holdings by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,496 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 1,546 shares during the last quarter. Aperio Group LLC acquired a new position in RE/MAX Holdings in the 2nd quarter valued at $211,000. Finally, Piedmont Investment Advisors LLC acquired a new position in RE/MAX Holdings in the 2nd quarter valued at $215,000.

RE/MAX Holdings Company Profile

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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