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Leah R. Jenkins, Vice President and Chief Accounting Officer at RE/MAX Holdings, Inc. (NYSE:RMAX), recently executed a series of stock transactions as reported in a recent SEC filing. According to InvestingPro data, these transactions come at a time when the company’s stock, currently trading at $9.02, appears undervalued based on comprehensive Fair Value analysis. On February 27, Jenkins sold 3,303 shares of Class A Common Stock at an average price of $9.2811 per share, totaling approximately $30,655. Prior to this, on February 25, she acquired 5,008 shares at no cost as part of a short-term incentive paid in equity. Additionally, Jenkins disposed of 1,705 shares at $8.93 per share to cover tax obligations related to the equity incentive. Following these transactions, Jenkins holds 25,333 shares, including restricted stock units. The company, with a market capitalization of $286 million, maintains a healthy financial position with a current ratio of 1.41 and trades at just 0.67 times book value. InvestingPro subscribers can access 12 additional key insights about RE/MAX’s valuation and financial health in the comprehensive Pro Research Report.
In other recent news, Re Max Holding reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.30, slightly above the forecast of $0.29. However, the company faced a revenue shortfall, reporting $72.5 million compared to the anticipated $75.06 million. Despite the earnings beat, the revenue miss raised concerns among investors about the company’s ability to meet market expectations. The company highlighted strategic initiatives and executive hires as future growth drivers. Re Max Holding also reported an adjusted EBITDA of $23.3 million, marking a 2% increase year-over-year, with an adjusted EBITDA margin of 32.2%. Analysts have shown interest in the company’s potential for acquisitions and the enhancement of consumer experience through technology. Re Max Holding anticipates first-quarter 2025 revenue between $71 million and $76 million, projecting full-year 2025 revenue of $290 million to $310 million. The company continues to focus on operational efficiency and strategic growth to navigate the challenging housing market.
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