Stock News Buzz: RE/MAX Holdings (NYSE:RMAX) has acquired First, a technology company

On Wednesday RE/MAX Holdings (NYSE:RMAX) stock recorded daily change of 0.39% to close at $38.84 with the total traded volume of 103541 shares along average volume of 138178 shares 52 week range of the stock remained $ 24.67 – 44.16 while its day low price was $38.18 and its hit its day high price at $39.04. Its previous closing value stands at $38.69. RMAX total market capitalization is $692738979. Currently stocks EPS is $1.6 while its price to earnings ratio is 24.35.

RE/MAX Holdings (NYSE:RMAX) parent company of RE/MAX, one of the world’s leading franchisors of real estate brokerage services, notified that it has acquired First, a technology company that leverages data science, machine learning and human interaction to help real estate professionals better leverage the value of their personal network.

The four-year-old, North Carolina-based technology startup is known for creating the First app, an intelligent coaching platform that makes it easy for agents to identify likely sellers within their own network of contacts. With a focus on helping agents identify future listings, the app prioritizes who agents should reach out to and when, so they may strengthen current relationships when it matters most. It also organizes and consolidates an agent’s database and provides reporting on how much business is both won and lost from within an agent’s network.

We have set our sights on becoming the global leader in real estate technology, and the acquisition of First is evidence of that steadfast commitment, said Adam Contos, RE/MAX Chief Executive Officer. With First, we found next-level talent combined with a game-changing service, delivering exclusive access to one of the best products for agents out there.

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