RE/MAX (NYSE:RMAX) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.29 and traded as low as $8.97. RE/MAX shares last traded at $9.04, with a volume of 181,372 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised RE/MAX from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th.

RE/MAX Stock Up 4.5 %

The company has a market capitalization of $170.18 million, a P/E ratio of 25.62 and a beta of 1.37. The firm has a 50-day moving average price of $10.06 and a two-hundred day moving average price of $11.30.

RE/MAX (NYSE:RMAX - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.10). RE/MAX had a net margin of 2.32% and a negative return on equity of 38.69%. The business had revenue of $72.47 million during the quarter, compared to the consensus estimate of $74.34 million. On average, analysts predict that RE/MAX Holdings, Inc. will post 0.89 EPS for the current fiscal year.

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Insider Activity

In other news, major shareholder Adam K. Peterson bought 29,455 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of $10.82 per share, for a total transaction of $318,703.10. Following the completion of the purchase, the insider now owns 3,207,495 shares of the company's stock, valued at $34,705,095.90. This trade represents a 0.93 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders acquired 69,889 shares of company stock valued at $729,432. 5.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RMAX. Capital World Investors raised its stake in shares of RE/MAX by 736.3% in the fourth quarter. Capital World Investors now owns 1,500,000 shares of the financial services provider's stock valued at $16,005,000 after purchasing an additional 1,320,628 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of RE/MAX by 229.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 354,651 shares of the financial services provider's stock valued at $4,415,000 after purchasing an additional 247,131 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of RE/MAX by 24.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 895,668 shares of the financial services provider's stock valued at $9,557,000 after purchasing an additional 178,599 shares in the last quarter. Prudential Financial Inc. raised its stake in RE/MAX by 101.6% during the fourth quarter. Prudential Financial Inc. now owns 212,762 shares of the financial services provider's stock worth $2,270,000 after acquiring an additional 107,207 shares in the last quarter. Finally, Norges Bank acquired a new position in RE/MAX during the fourth quarter worth $1,058,000. 93.17% of the stock is currently owned by institutional investors and hedge funds.

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.