The VP General Counsel of Re/Max Holdings (NYSE: RMAX) is Selling Shares

By Carrie Williams

Today, the VP General Counsel of Re/Max Holdings (NYSE: RMAX), Adam Lindquist Scoville, sold shares of RMAX for $44.62K.

In addition to Adam Lindquist Scoville, 18 other RMAX executives reported Sell trades in the last month.

Based on Re/Max Holdings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $44.42 million and quarterly net profit of $3.93 million. In comparison, last year the company earned revenue of $43.27 million and had a net profit of $4.18 million. The company has a one year high of $63.35 and a one year low of $33.20. RMAX’s market cap is $992.1M and the company has a P/E ratio of 43.91.

Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $52.75, reflecting a 6.9% upside.

The insider sentiment on Re/Max Holdings has been neutral according to 33 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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RE/MAX Holdings, Inc. operates real estate brokerage businesses in the U.S. The company operates through two business segments: Real Estate Franchise Services and Brokerage. The Real Estate Franchise Services segment comprises the operations of the company’s owned and independent global franchising operations under the RE/MAX brand name. The Brokerage segment includes the company’s brokerage services business. The company was founded by David L. Liniger and Gail A. Liniger on June 25, 2013 and is headquartered in Denver, CO.