RealPage (NASDAQ:RP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, January 4th. The firm currently has a $50.00 target price on the software maker’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 6.61% from the company’s current price.
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 research analysts also recently commented on the stock. Benchmark raised their target price on shares of RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Royal Bank of Canada reissued a “hold” rating and set a $42.00 target price on shares of RealPage in a research report on Monday, September 11th. KeyCorp initiated coverage on shares of RealPage in a report on Thursday, September 7th. They issued an “overweight” rating and a $50.00 price target on the stock. BidaskClub cut shares of RealPage from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Finally, Morgan Stanley initiated coverage on shares of RealPage in a report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.13.
RealPage (RP) traded down $0.25 on Thursday, hitting $46.90. 1,049,500 shares of the stock traded hands, compared to its average volume of 582,214. The stock has a market capitalization of $3,880.00, a PE ratio of 134.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06. RealPage has a 1 year low of $28.00 and a 1 year high of $47.53.
RealPage (NASDAQ:RP) last released its earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The firm had revenue of $169.76 million during the quarter, compared to analyst estimates of $170.73 million. RealPage had a net margin of 4.52% and a return on equity of 9.51%. The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter last year, the business earned $0.20 EPS. equities analysts predict that RealPage will post 0.57 earnings per share for the current year.
In other news, CFO W Bryan Hill sold 8,000 shares of RealPage stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $45.69, for a total transaction of $365,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 34,052 shares of RealPage stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $45.19, for a total transaction of $1,538,809.88. Following the transaction, the insider now directly owns 17,249,554 shares of the company’s stock, valued at $779,507,345.26. The disclosure for this sale can be found here. Insiders sold a total of 2,635,467 shares of company stock valued at $117,831,999 over the last quarter. 30.31% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in 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 acquiring an additional 272 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of RealPage by 10.4% during the second quarter. Ameritas Investment Partners Inc. now owns 5,153 shares of the software maker’s stock worth $185,000 after buying an additional 485 shares in the last quarter. Breton Hill Capital Ltd. purchased a new stake in shares of RealPage during the third quarter worth $228,000. Bfsg LLC purchased a new stake in shares of RealPage during the second quarter worth $209,000. Finally, Bessemer Group Inc. grew its holdings in shares of RealPage by 28.0% during the third quarter. Bessemer Group Inc. now owns 6,400 shares of the software maker’s stock worth $255,000 after buying an additional 1,400 shares in the last quarter. 73.58% of the stock is owned by institutional investors.
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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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