RealPage, Inc. (NASDAQ:RP) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, September 2nd.
Several other equities research analysts have also commented on RP. Deutsche Bank AG lifted their price target on shares of RealPage from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. JMP Securities restated an “outperform” rating and issued a $43.00 price objective on shares of RealPage in a research note on Friday, May 5th. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a research note on Friday, May 12th. Royal Bank Of Canada reiterated a “hold” rating and set a $38.00 price target on shares of RealPage in a research note on Monday, July 24th. Finally, Stephens reissued an “overweight” rating and set a $47.00 price objective (up previously from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.29.
RealPage (RP) traded down 1.99% during mid-day trading on Friday, hitting $39.35. The company had a trading volume of 707,569 shares. RealPage has a 52 week low of $23.69 and a 52 week high of $43.65. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 122.97 and a beta of 1.06. The firm’s 50 day moving average is $40.75 and its 200 day moving average is $37.20.
RealPage (NASDAQ:RP) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The firm had revenue of $161.30 million during the quarter, compared to the consensus estimate of $160.02 million. During the same quarter last year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, equities research analysts predict that RealPage will post $0.93 EPS for the current year.
In other news, Chairman Stephen T. Winn sold 310,411 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $40.20, for a total value of $12,478,522.20. Following the completion of the transaction, the chairman now directly owns 3,050,264 shares in the company, valued at $122,620,612.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alfred R. Berkeley III sold 3,500 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $40.30, for a total transaction of $141,050.00. Following the completion of the transaction, the director now owns 45,038 shares of the company’s stock, valued at $1,815,031.40. The disclosure for this sale can be found here. Insiders sold 1,905,551 shares of company stock valued at $75,948,393 in the last three months. Company insiders own 33.24% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after buying an additional 272 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of RealPage in the 1st quarter worth about $163,000. Bessemer Group Inc. lifted its position in shares of RealPage by 2.0% in the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after buying an additional 100 shares during the last quarter. Gotham Asset Management LLC bought a new position in shares of RealPage in the 1st quarter worth about $200,000. Finally, Bfsg LLC bought a new position in shares of RealPage in the 2nd quarter worth about $209,000. Hedge funds and other institutional investors own 70.49% of the company’s stock.
RealPage Company Profile
RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.
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