BidaskClub cut shares of RealPage, Inc. (NASDAQ:RP) from a buy rating to a hold rating in a research report released on Friday.
Several other research firms have also issued reports on RP. Zacks Investment Research raised RealPage from a sell rating to a hold rating in a report on Tuesday, September 5th. Royal Bank Of Canada reissued a hold rating and set a $42.00 price target on shares of RealPage in a report on Monday, September 11th. KeyCorp began coverage on RealPage in a report on Thursday, September 7th. They set an overweight rating and a $50.00 price target for the company. Deutsche Bank AG reissued a buy rating and set a $45.00 price target (up previously from $42.00) on shares of RealPage in a report on Wednesday, August 9th. Finally, Stephens reissued an overweight rating and set a $47.00 price target (up previously from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. RealPage currently has a consensus rating of Hold and an average price target of $41.29.
Shares of RealPage (NASDAQ RP) opened at 39.35 on Friday. The company’s 50-day moving average price is $40.75 and its 200-day moving average price is $37.20. The stock has a market cap of $3.11 billion, a PE ratio of 122.97 and a beta of 1.06. RealPage has a one year low of $23.69 and a one year high of $43.65.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The business had revenue of $161.30 million during the quarter, compared to analyst estimates of $160.02 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. RealPage’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts anticipate that RealPage will post $0.93 earnings per share for the current year.
In related news, major shareholder Seren Capital, Ltd. sold 95,760 shares of the business’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $36.95, for a total value of $3,538,332.00. Following the sale, the insider now directly owns 18,590,136 shares in the company, valued at $686,905,525.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen T. Winn sold 27,930 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $37.17, for a total value of $1,038,158.10. Following the completion of the sale, the chief executive officer now owns 3,530,528 shares in the company, valued at $131,229,725.76. The disclosure for this sale can be found here. Insiders sold 1,905,551 shares of company stock worth $75,948,393 over the last 90 days. Company insiders own 33.24% of the company’s stock.
Large investors have recently bought and sold shares of the stock. 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 worth $102,000 after buying an additional 272 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of RealPage in the first quarter worth about $163,000. 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 worth $180,000 after buying an additional 100 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of RealPage in the first quarter worth about $200,000. Finally, Bfsg LLC purchased a new stake in shares of RealPage in the second quarter worth about $209,000. 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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