Shares of RealPage (NASDAQ:RP) have earned a consensus recommendation of “Buy” from the ten analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $54.71.
Several analysts recently weighed in on the company. Zacks Investment Research raised RealPage from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Wednesday, March 7th. TheStreet lowered RealPage from a “b” rating to a “c+” rating in a research note on Wednesday, February 28th. Royal Bank of Canada restated a “hold” rating on shares of RealPage in a research note on Thursday, March 1st. Deutsche Bank raised their price objective on RealPage to $60.00 in a research note on Wednesday, February 28th. Finally, Benchmark raised their price objective on RealPage from $51.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th.
NASDAQ:RP traded down $0.45 during mid-day trading on Friday, hitting $54.75. 289,369 shares of the stock were exchanged, compared to its average volume of 439,151. The stock has a market cap of $4,590.92, a P/E ratio of 152.08 and a beta of 1.09. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.26. RealPage has a fifty-two week low of $32.30 and a fifty-two week high of $56.41.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). The firm had revenue of $188.39 million for the quarter, compared to analyst estimates of $186.46 million. RealPage had a return on equity of 8.97% and a net margin of 0.06%. sell-side analysts forecast that RealPage will post 0.97 EPS for the current year.
In other news, major shareholder Seren Capital, Ltd. sold 312,682 shares of RealPage stock in a transaction on Wednesday, March 14th. The stock was sold at an average price of $52.88, for a total value of $16,534,624.16. Following the transaction, the insider now owns 17,103,268 shares in the company, valued at approximately $904,420,811.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Stephen T. Winn sold 15,818 shares of RealPage stock in a transaction on Monday, March 12th. The shares were sold at an average price of $53.37, for a total value of $844,206.66. Following the completion of the transaction, the chief executive officer now owns 2,550,047 shares in the company, valued at approximately $136,096,008.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,800,546 shares of company stock worth $94,309,877. Corporate insiders own 30.31% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of RP. Advisor Group Inc. grew its position in RealPage by 210.9% during the 4th quarter. Advisor Group Inc. now owns 2,512 shares of the software maker’s stock worth $111,000 after acquiring an additional 1,704 shares during the last quarter. Public Employees Retirement Association of Colorado bought a new stake in RealPage during the 4th quarter worth $162,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in RealPage by 35.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock worth $171,000 after acquiring an additional 1,018 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in RealPage during the 4th quarter worth $231,000. Finally, Bfsg LLC grew its position in RealPage by 21.2% during the 4th quarter. Bfsg LLC now owns 7,371 shares of the software maker’s stock worth $327,000 after acquiring an additional 1,291 shares during the last quarter. Institutional investors own 79.85% of the company’s stock.
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RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.
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