RE/MAX traded at $8.73 this Wednesday June 3rd, decreasing $0.48 or 5.21 percent since the previous trading session. Looking back, over the last four weeks, RE/MAX lost 17.02 percent. Over the last 12 months, its price rose by 15.17 percent. Looking ahead, we forecast RE/MAX to be priced at 9.28 by the end of this quarter and at 8.74 in one year, according to Trading Economics global macro models projections and analysts expectations.
RE/MAX Holdings, Inc. is a franchisor in the real estate industry, franchising real estate brokerages around the world under the RE/MAX brand and mortgage brokerages within the United States under the Motto Mortgage brand. The RE/MAX brand has over 135,000 agents operating in over 8,000 offices, and a presence in more than 110 countries and territories. The Company is a franchised business, with all of the RE/MAX branded brokerage office locations being operated by franchisees, including RE/MAX, LLC, which owns the RE/MAX brand, and sells franchises and franchising rights; Independent Regional Franchise Owner, which owns rights to sell brokerage franchises in a specified region; Franchisee (or Broker-Owner), which operates a RE/MAX-branded brokerage office, lists properties and recruits agents, and Agent (or Sales Associate), including branded independent contractors operating out of local franchise brokerage offices.