HomeMost PopularJonesTrading Dials Down Expectations for Real Estate Giant RE/MAX (RMAX)

JonesTrading Dials Down Expectations for Real Estate Giant RE/MAX (RMAX)

Actionable Trade Ideas

always free


JonesTrading Steps Back from โ€œBuyโ€ to โ€œHoldโ€ Rating

On March 1, 2024, JonesTrading sent tremors through the market as they lowered their outlook for the real estate behemoth RE/MAX (NYSE:RMAX) from a confident โ€œBuyโ€ to a more cautious โ€œHold.โ€ The financial tides are shifting, and investors are left to navigate the choppy waters.

Analyst Prognosis Predicts 55.47% Uptick

Looking through the crystal ball, as of February 24, 2024, experts weighed in, whispering that the one-year price target for RE/MAX flirted with 13.46. The air is thick with anticipation as forecasts swing from a low of 9.09 to a high soaring at $18.90. This dart lands significantly above the latest closing price, signaling a potential 55.47% surge for bold investors.

Revenue Projected to Soar

The figures paint a vivid picture โ€“ the projected annual revenue for RE/MAX is charting a course towards $370MM, a substantial uptick of 13.62%. Analysts are buzzing as the projected annual non-GAAP EPS stands firm at 2.20, setting the stage for an intriguing financial performance down the road.

Peeking into the Fund Sentimentโ€

Shifting the lens, we scan the landscape of 377 funds or institutions, dutifully reporting their positions in RE/MAX. A rise of 32 owners or 9.28% in the last quarter hints at a landscape dotted with changes. The average portfolio weight dedicated to RMAX ingrains at 0.10%, a dip of 17.38%. Enthusiasm is palpable as total shares owned by institutions swell by 3.96% to reach 19,751K shares, painting a dynamic picture of investor sentiment.

Insight into Shareholder Activity

Zooming in further, the portrait of shareholder activity unfolds. Magnolia Group, played the game strategically, clutching 2,984K shares clinching 16.33% ownership of the company. In a bold move, they showcased their confidence by increasing their portfolio allocation in RMAX by 7.18% over the last quarter, a move not made lightly in the volatile financial sphere.

DISVX โ€“ DFA International Small Cap Value Portfolio โ€“ Institutional Class, danced with the numbers, holding 1,572K shares at 8.60% ownership. However, a cloud looms as they decreased their portfolio allocation by 35.65% in a bold move to navigate the changing tides.

AVDV โ€“ Avantis International Small Cap Value ETF, chose their steps carefully and held 1,491K shares at 8.16% ownership. A clever shuffle saw an increase of 15.82% in their portfolio, offset by a 20.57% decrease in portfolio allocation, a tightrope act amidst market uncertainties.

VGTSX โ€“ Vanguard Total International Stock Index Fund Investor Shares stood steadfast, holding 1,175K shares at 6.43% ownership, charting a consistent course with no changes in the last quarter, a beacon of stability in the stormy sea of investments.

RE/MAX: A Glimpse into the Past

Stepping back in time, RE/MAX Holdings, Inc., entrenched in the real estate industry since 1973, has been a juggernaut. Founded by David and Gail Liniger, the company boasts a global presence, operating under the RE/MAXยฎ brand worldwide, and within the U.S. under the Mottoยฎ Mortgage brand. With over 135,000 agents across 110 countries and territories, RE/MAX holds the crown for selling the most real estate globally, a remarkable legacy of success and adaptability in the shifting sands of the real estate market.

The saga continues as RE/MAX Holdings unfurled Motto Franchising, LLC in 2016, a groundbreaking mortgage brokerage franchisor that has spread its wings over 125 offices across 30 states. Dedicated to innovation and change, RE/MAX Holdings stands as a testament to evolution and resilience in the dynamic real estate landscape.

Fintel, the bastion of investment research platforms, equips individual investors, traders, financial advisors, and small hedge funds with a treasure trove of data, insights, and exclusive stock picks. In the ever-evolving financial cosmos, Fintel stands as a trusted navigator, guiding investors through turbulent waters towards prosperous horizons.

Prepare to navigate the financial seas with clarity and confidence. This story, a tapestry woven through financial intricacies, originally unfolded on Fintel. Dive deep into the waves of investment wisdom, and emerge enlightened.

Remember, the views and opinions expressed here are like whispers on the windโ€”an echo of the authorโ€™s musingsโ€”and may not necessarily mirror the grand tapestry of Nasdaq, Inc.โ€™s perspectives.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.