Adam K. Peterson Buys 15,000 Shares of RE/MAX Holdings, Inc. (NYSE:RMAX) Stock

RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) major shareholder Adam K. Peterson acquired 15,000 shares of RE/MAX stock in a transaction that occurred on Thursday, January 2nd. The stock was acquired at an average cost of $10.30 per share, with a total value of $154,500.00. Following the purchase, the insider now directly owns 3,236,131 shares of the company's stock, valued at $33,332,149.30. This represents a 0.47 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

RE/MAX Stock Performance

RMAX stock traded down $0.32 on Thursday, hitting $10.35. 123,670 shares of the company's stock were exchanged, compared to its average volume of 258,362. The firm has a 50 day moving average price of $11.95 and a two-hundred day moving average price of $10.95. RE/MAX Holdings, Inc. has a 12-month low of $6.94 and a 12-month high of $14.31. The stock has a market cap of $195.33 million, a P/E ratio of -19.17 and a beta of 1.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of RE/MAX from a "hold" rating to a "buy" rating in a report on Thursday, November 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $9.17.

Institutional Investors Weigh In On RE/MAX

A number of large investors have recently modified their holdings of RMAX. nVerses Capital LLC increased its position in shares of RE/MAX by 566.7% in the 3rd quarter. nVerses Capital LLC now owns 2,000 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 1,700 shares during the period. Quest Partners LLC purchased a new stake in RE/MAX during the 3rd quarter valued at about $106,000. Quantinno Capital Management LP acquired a new position in shares of RE/MAX in the third quarter valued at about $135,000. Paloma Partners Management Co purchased a new position in shares of RE/MAX in the third quarter worth about $143,000. Finally, XTX Topco Ltd acquired a new stake in shares of RE/MAX during the third quarter worth about $145,000. Hedge funds and other institutional investors own 93.17% of the company's stock.

RE/MAX Company Profile

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.