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

Shares of RE/MAX Holdings, Inc. (NYSE:RMAX - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.26 and traded as low as $8.16. RE/MAX shares last traded at $8.41, with a volume of 192,360 shares.

Analyst Ratings Changes

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

RE/MAX Stock Performance

The company has a market capitalization of $159.59 million, a PE ratio of 24.02 and a beta of 1.32. The stock's fifty day simple moving average is $9.89 and its 200-day simple moving average is $11.24.

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

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Insider Buying and Selling

In other news, major shareholder Adam K. Peterson acquired 11,798 shares of RE/MAX stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of $9.64 per share, for a total transaction of $113,732.72. Following the completion of the purchase, the insider now directly owns 3,247,929 shares of the company's stock, valued at $31,310,035.56. This trade represents a 0.36 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders acquired 69,889 shares of company stock valued at $729,432. 5.99% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RE/MAX

Several large investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP lifted its stake in RE/MAX by 19.3% during the fourth quarter. Two Sigma Advisers LP now owns 17,300 shares of the financial services provider's stock worth $185,000 after purchasing an additional 2,800 shares during the last quarter. Two Sigma Investments LP lifted its stake in RE/MAX by 7.7% in the fourth quarter. Two Sigma Investments LP now owns 50,505 shares of the financial services provider's stock valued at $539,000 after buying an additional 3,590 shares during the last quarter. State of Wyoming bought a new stake in RE/MAX in the fourth quarter valued at $91,000. Sherbrooke Park Advisers LLC bought a new stake in RE/MAX in the fourth quarter valued at $183,000. Finally, Quantinno Capital Management LP lifted its stake in RE/MAX by 36.2% in the fourth quarter. Quantinno Capital Management LP now owns 14,807 shares of the financial services provider's stock valued at $158,000 after buying an additional 3,934 shares during the last quarter. 93.17% of the stock is currently owned by institutional investors.

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.