Peel Hunt Limited Reiterates Rightmove (RTMVF) Buy Recommendation

Peel Hunt Limited reiterated a Buy recommendation for Rightmove (OTCPK:RTMVF) on November 7, 2025, setting an average one-year price target of $10.21/share, which implies a 46.11% upside from its $6.99 closing price. This positive outlook comes despite projected annual revenue decreasing by 5.79% to $386MM and non-GAAP EPS forecast at $0.28. Institutional sentiment shows 201 funds maintaining positions, with their average portfolio weight in RTMVF increasing by 8.10%, although total shares owned by institutions decreased by 1.75% over the last quarter.

Analysis

Peel Hunt Limited reiterated a "Buy" recommendation for Rightmove (OTCPK:RTMVF) on November 7, 2025, projecting an average one-year price target of $10.21 per share. This target implies a significant 46.11% upside from its $6.99 closing price, suggesting a strong long-term conviction despite the company's projected annual revenue decrease of 5.79% to $386 million and a non-GAAP EPS forecast of $0.28.

Institutional investor activity presents a nuanced picture. While the number of funds holding RTMVF remained unchanged at 201, and their average portfolio weight in RTMVF increased by 8.10% over the last quarter, total shares owned by institutions collectively decreased by 1.75% to 163,572K shares. This indicates a potential rebalancing where institutions are allocating a larger *proportion* of their capital to RTMVF, even with a slightly reduced share count.

Further illustrating this complexity, funds like PSGAX and PKSAX decreased their shareholdings by 10.36% and 7.28% respectively, yet simultaneously increased their portfolio allocation to RTMVF by 15.92% and 11.80%. This divergence, alongside a "moderately positive" overall sentiment score of 0.55, suggests growing conviction in RTMVF's relative value or strategic importance within institutional portfolios despite some share divestment.

Key Decisions for Investors

• Monitor Rightmove's actual revenue and EPS performance against the projected declines, as fundamental weakness could challenge the analyst's bullish price target.
• Investigate the nuanced institutional positioning, specifically the increase in portfolio allocation despite a decrease in total shares owned, to understand the true conviction level.
• Evaluate RTMVF's current valuation in light of the significant implied upside and projected revenue contraction, comparing it against sector peers to ensure a justified entry point.