RE/MAX (RMAX) Stock Price, News & Analysis

Company Overview

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. It also provides kvCORE platform, which integrates a suite of digital products that enables agents, brokers, and teams to establish and manage client relationships; and RE/MAX University platform, a learning hub designed to help each agent in their professional expertise. The company was founded in 1973 and is headquartered in Denver, Colorado.

Key Stats

• Today's Range: $11.33 to $11.73
• 50-Day Range: $10.96 to $13.13
• 52-Week Range: $6.94 to $13.70
• Volume: 80,548 shs
• Average Volume: 267,846 shs
• Market Capitalization: $219.29 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $10.38
• Consensus Rating: Reduce

RE/MAX Stock Analysis - MarketRank™

RE/MAX scored higher than 30% of companies evaluated by MarketBeat, and ranked 823rd out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

RE/MAX has received a consensus rating of Reduce. The company's average rating score is 1.60, and is based on no buy ratings, 3 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

RE/MAX has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 7.23%

Earnings Growth

Earnings for RE/MAX are expected to grow by 7.23% in the coming year, from $0.83 to $0.89 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of RE/MAX is -21.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of RE/MAX is -21.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.12% of the float of RE/MAX has been sold short.

Short Interest Ratio / Days to Cover

RE/MAX has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in RE/MAX has recently increased by 12.61%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

RE/MAX does not currently pay a dividend.

Dividend Growth

RE/MAX does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, RE/MAX will have a dividend payout ratio of 77.53% in the coming year. This indicates that RE/MAX may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.12% of the float of RE/MAX has been sold short.

Short Interest Ratio / Days to Cover

RE/MAX has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in RE/MAX has recently increased by 12.61%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.05

News Sentiment

RE/MAX has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for RE/MAX this week, compared to 4 articles on an average week.

Search Interest

2 people have searched for RMAX on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, RE/MAX insiders have bought more of their company's stock than they have sold. Specifically, they have bought $299,931.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 5.99% of the stock of RE/MAX is held by insiders.

Percentage Held by Institutions

93.17% of the stock of RE/MAX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RMAX Stock Analysis - Frequently Asked Questions

How have RMAX shares performed this year?

RE/MAX's stock was trading at $13.33 at the beginning of the year. Since then, RMAX shares have decreased by 13.1% and is now trading at $11.59.
View the best growth stocks for 2024 here.

How were RE/MAX's earnings last quarter?

RE/MAX Holdings, Inc. (NYSE:RMAX) released its quarterly earnings results on Friday, May, 5th. The financial services provider reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The business's quarterly revenue was down 6.2% compared to the same quarter last year.

Who are RE/MAX's major shareholders?

RE/MAX's top institutional investors include Assenagon Asset Management S.A. (2.78%), State Street Corp (2.31%), Geode Capital Management LLC (2.20%) and Connor Clark & Lunn Investment Management Ltd. (1.88%). Insiders that own company stock include Adam K Peterson, Abigail C Lee, Kathleen J Cunningham, Leah R Jenkins, Ronald E Harrison and Adam W Grosshans.
View institutional ownership trends.

How do I buy shares of RE/MAX?

Shares of RMAX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of RE/MAX own?

Based on aggregate information from My MarketBeat watchlists, some other companies that RE/MAX investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 5/05/2023
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate agents & managers
• Sub-Industry: Real Estate
• Current Symbol: NYSE:RMAX
• CUSIP: N/A
• CIK: 1581091
• Web: www.remax.com
• Phone: (303) 770-5531
• Fax: 303-796-3599
• Employees: 544
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.38
• High Stock Price Target: $14.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: -8.1%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.54)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 13.60
• P/E Growth: N/A
• Net Income: $-69,020,000.00
• Net Margins: -3.08%
• Pretax Margin: -2.39%
• Return on Equity: -35.76%
• Return on Assets: 4.44%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.62
• Quick Ratio: 1.62

Sales & Book Value

• Annual Sales: $325.67 million
• Price / Sales: 0.65
• Cash Flow: $4.29 per share
• Price / Cash Flow: 2.63
• Book Value: ($4.16) per share
• Price / Book: -2.71

Miscellaneous

• Outstanding Shares: 18,870,000
• Free Float: 17,742,000
• Market Cap: $213.04 million
• Optionable: Optionable
• Beta: 1.36