RealPage, Inc. (NASDAQ:RP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
According to Zacks, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas. “
A number of other equities research analysts have also recently weighed in on the company. Benchmark Co. upped their price objective on RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Royal Bank Of Canada reiterated a “hold” rating and issued a $42.00 price target on shares of RealPage in a research note on Monday, September 11th. KeyCorp assumed coverage on RealPage in a research note on Thursday, September 7th. They issued an “overweight” rating and a $50.00 price target for the company. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of RealPage in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.33.
RealPage (RP) traded up $0.05 on Wednesday, hitting $44.10. The stock had a trading volume of 372,673 shares, compared to its average volume of 541,481. RealPage has a fifty-two week low of $27.20 and a fifty-two week high of $45.10. The company has a quick ratio of 1.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.76. The company has a market cap of $3,700.57, a P/E ratio of 81.18 and a beta of 1.09.
RealPage (NASDAQ:RP) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $169.76 million during the quarter, compared to analysts’ expectations of $170.73 million. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. equities analysts forecast that RealPage will post 0.57 EPS for the current fiscal year.
In other RealPage news, CFO W Bryan Hill sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $42.09, for a total value of $336,720.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 153,154 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $39.93, for a total value of $6,115,439.22. Following the completion of the sale, the insider now directly owns 18,025,752 shares in the company, valued at $719,768,277.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,642,119 shares of company stock worth $66,698,588. 33.24% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after acquiring an additional 272 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after acquiring an additional 100 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of RealPage by 10.4% in the second quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock valued at $185,000 after acquiring an additional 485 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of RealPage in the first quarter valued at approximately $200,000. Finally, Bfsg LLC purchased a new position in RealPage during the second quarter worth approximately $209,000. Institutional investors and hedge funds own 70.18% 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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