The stock of Re Max Holdings Inc (NYSE:RMAX) reached all time high today, Nov, 7 and still has $76.82 target or 67.00% above today’s $46.00 share price. This indicates more upside for the $811.70 million company. This technical setup was reported by Barchart.com. If the $76.82 PT is reached, the company will be worth $543.84M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 27,062 shares traded hands. Re Max Holdings Inc (NYSE:RMAX) has risen 29.61% since April 5, 2016 and is uptrending. It has outperformed by 27.66% the S&P500.
Re Max Holdings Inc (NYSE:RMAX) Ratings Coverage
Out of 4 analysts covering RE/MAX Holdings (NYSE:RMAX), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. RE/MAX Holdings has been the topic of 5 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Equal Weight” rating by Morgan Stanley given on Wednesday, August 19. The firm earned “Market Perform” rating on Thursday, March 31 by Wood. The firm has “Market Underperform” rating given on Tuesday, August 11 by JMP Securities. On Wednesday, November 18 the stock rating was upgraded by JMP Securities to “Mkt Perform”. Compass Point downgraded Re Max Holdings Inc (NYSE:RMAX) rating on Wednesday, August 19. Compass Point has “Neutral” rating and $40 price target.
According to Zacks Investment Research, “Re/Max Holdings, Inc. is a franchisor of real estate brokerage services. Re/Max Holdings, Inc. is based in Denver, CO.”
Insitutional Activity: The institutional sentiment decreased to 1.55 in 2016 Q2. Its down 1.39, from 2.94 in 2016Q1. The ratio is negative, as 15 funds sold all Re Max Holdings Inc shares owned while 34 reduced positions. 18 funds bought stakes while 58 increased positions. They now own 18.14 million shares or 1.53% more from 17.87 million shares in 2016Q1.
Waddell & Reed has 758,900 shares for 0.06% of their US portfolio. Loomis Sayles L P has 0% invested in the company for 311 shares. Bahl & Gaynor reported 18,720 shares or 0.01% of all its holdings. Ls Inv Ltd Limited Liability Company accumulated 0% or 570 shares. Jpmorgan Chase And, a New York-based fund reported 597,438 shares. Menta Limited Company holds 34,735 shares or 0.19% of its portfolio. Blackrock Grp holds 0% of its portfolio in Re Max Holdings Inc (NYSE:RMAX) for 36,725 shares. Envestnet Asset reported 8,220 shares or 0% of all its holdings. Marshall Wace Llp has invested 0.01% of its portfolio in Re Max Holdings Inc (NYSE:RMAX). Tcw Inc reported 18,694 shares or 0.01% of all its holdings. Confluence Inv Management Llc holds 0.51% or 464,350 shares in its portfolio. 1St Glob Advisors owns 5,084 shares or 0.03% of their US portfolio. Bnp Paribas Arbitrage Sa owns 5,515 shares or 0% of their US portfolio. Parametric Portfolio Associate Limited Liability, a Washington-based fund reported 44,826 shares. Cubist Systematic Strategies Limited Liability holds 9,363 shares or 0.02% of its portfolio.
Insider Transactions: Since May 9, 2016, the stock had 0 insider buys, and 3 sales for $104,285 net activity. Predovich Daniel J. also sold $43,535 worth of Re Max Holdings Inc (NYSE:RMAX) on Monday, May 16. On Wednesday, May 25 LEWIS GEOFFREY D sold $30,000 worth of the stock or 750 shares. Contos Adam M. sold $59,770 worth of stock.
More important recent Re Max Holdings Inc (NYSE:RMAX) news were published by: Prnewswire.com which released: “RE/MAX Holdings, Inc. Launches Motto Mortgage” on October 25, 2016, also Nasdaq.com published article titled: “RE/MAX Holdings (RMAX) Q3 Earnings: What’s in the Cards?”, Bloomberg.com published: “Re/Max Holdings Climbs on Plan to Join S&P SmallCap 600 Index” on January 27, 2016. More interesting news about Re Max Holdings Inc (NYSE:RMAX) was released by: Bizjournals.com and their article: “Interview: Re/Max founder Dave Liniger on his new company, Motto Mortgage” with publication date: October 28, 2016.
RMAX Company Profile
RE/MAX Holdings, Inc., incorporated on June 25, 2013, is a franchisor of real estate brokerage services. The Firm is engaged in the business of recruiting and retaining agents, and selling franchises. The Firm operates in two divisions: Real Estate Franchise Services and Brokerages. The Real Estate Franchise Services segment comprises the activities of the Company’s owned and independent global franchising operations, and corporate-wide professional services expenses. The Brokerages segment contains the activities of its owned brokerage offices in the United States, the results of activities of a mortgage brokerage company, in which it owns a non-controlling interest and reflects the elimination of intersegment revenue and other consolidation entities. The Company’s franchisees operate under the RE/MAX brand name. In the United States and Canada, it owns over 10 of over 30 regional franchises, representing over 55% of its the United States and Canada agent count. The remaining over 20 regional franchises, representing over 45% of its the United States and Canada agent count, are Independent Regions.
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