RealPage Inc. (RP) Stock Price Target Moved to $33.00 at Benchmark Co.

RealPage Inc. (NASDAQ: RP) shares traded mostly flat on Monday Nov 14 with heavier trade volume than normal after a number of analysts weighed in on the investing value of the stock, boosting the price target of stock.

Meanwhile as investors continued to try and decipher policy proposals of President-elect Donald Trump’s administration, the Dow Jones Industrial Average DJIA, +0.11% rose 21.03 points, or 0.1%, to finish at 18,868.69, its third straight record close.
The blue-chip index had also touched a historic high of 18,934.05 during the session.

The S&P 500 index SPX, -0.01% fell 0.25 points to end at 2,164.20, and the Nasdaq Composite COMP, -0.36% dropped 18.72 points, or 0.4%, to close at 5,218.40.

RealPage Inc. (NASDAQ: RP) had its price target boosted by equities researchers at Benchmark Co. from $30.00 to $33.00. With a rating of Buy on the stock, RealPage Inc. has a 52-week high of $29.41. The one-year price target of $30.50 is above the opening price of $28.45, resulting a number of other analysts to issue statements on the company in recent days.

RealPage Inc. (NASDAQ: RP) shares last traded at $28.30. Opening at $28.45, they varied from $28.15 and $29.41 throughout the day.

RealPage Inc. (NASDAQ: RP) currently has a market cap of 2.28B.

RealPage Inc. (NASDAQ: RP) Average Daily Trading Volume

The stock’s average daily volume is 380,894 shares out of a total float 46,211,000 and some 528,937 shares crossed the trading desk yesterday, above the norm. Substantial expansions in trading volume and price growth together could indicate considerable volume accumulation by institutional investors.

However, just a day of high volume buy side trading is not enough to affirm a trend. So market traders will continue to look for institutional sponsorship as an indicator that financial institutions are moving forward.

Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Institutional investors such as these have substantial teams of analysts researching thousands of stocks, so it is good validation to see them buying a stock you are considering.

RealPage Inc. (NASDAQ: RP) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By marking the activity of these professional investors—and the moving averages they influence— traders are able to make make educated trades.

With that in mind, RealPage Inc. (NASDAQ: RP) now has a 50-day MA of $26.16 and 200-day MA of $24.23. It has traded in a 52-week range between $16.06 – 29.41 and today’s last price is 3.77%% lower than the 52 week high of $29.41.

Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors seek companies that have been successful at growing their earnings by at least 25% for the past 3 years.

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