RE/MAX (NYSE:RMAX) Upgraded at StockNews.com

StockNews.com upgraded shares of RE/MAX ( NYSE:RMAX – Free Report ) from a hold rating to a buy rating in a research note released on Thursday. Separately, Stephens increased their price objective on shares of RE/MAX from $9.

00 to $10.50 and gave the company an “equal weight” rating in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock.



According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.38.

View Our Latest Research Report on RE/MAX RE/MAX Stock Performance Insider Buying and Selling In other RE/MAX news, major shareholder Adam K. Peterson acquired 27,366 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $10.

96 per share, with a total value of $299,931.36. Following the transaction, the insider now owns 3,178,040 shares of the company’s stock, valued at approximately $34,831,318.

40. This trade represents a 0.87 % increase in their position.

The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website . 5.99% of the stock is owned by company insiders.

Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently bought and sold shares of RMAX. nVerses Capital LLC increased its stake in shares of RE/MAX by 566.7% during the third quarter.

nVerses Capital LLC now owns 2,000 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 1,700 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of RE/MAX by 19,729.6% during the second quarter.

Nisa Investment Advisors LLC now owns 5,354 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 5,327 shares during the period. Quest Partners LLC acquired a new position in RE/MAX during the third quarter worth about $106,000. Quantinno Capital Management LP acquired a new position in RE/MAX during the third quarter worth about $135,000.

Finally, Paloma Partners Management Co acquired a new position in RE/MAX during the third quarter worth about $143,000. 93.17% of the stock is owned by hedge funds and other institutional investors.

RE/MAX Company Profile ( Get Free Report ) 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.

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