Shares of RealPage Inc (NASDAQ:RP) have received a consensus rating of “Buy” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $63.00.
Several analysts recently commented on RP shares. Morgan Stanley set a $62.00 price target on shares of RealPage and gave the stock a “buy” rating in a report on Friday, May 4th. KeyCorp lifted their target price on shares of RealPage from $61.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, May 4th. Zacks Investment Research upgraded shares of RealPage from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Wednesday, March 7th. JPMorgan Chase & Co. started coverage on shares of RealPage in a research note on Thursday, June 21st. They issued an “overweight” rating and a $76.00 target price for the company. Finally, BidaskClub cut shares of RealPage from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th.
In other news, major shareholder Seren Capital, Ltd. sold 134,362 shares of the business’s stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $58.51, for a total value of $7,861,520.62. Following the completion of the sale, the insider now directly owns 15,775,563 shares in the company, valued at $923,028,191.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Stephen T. Winn sold 794,939 shares of the business’s stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $56.73, for a total transaction of $45,096,889.47. Following the completion of the sale, the chairman now owns 1,674,645 shares of the company’s stock, valued at $95,002,610.85. The disclosure for this sale can be found here. Insiders sold 3,622,121 shares of company stock valued at $212,330,033 over the last quarter. Corporate insiders own 24.91% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Advisor Group Inc. lifted its stake in shares of RealPage by 210.9% in the fourth quarter. Advisor Group Inc. now owns 2,512 shares of the software maker’s stock worth $111,000 after buying an additional 1,704 shares during the last quarter. Next Century Growth Investors LLC acquired a new stake in shares of RealPage in the first quarter worth $143,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of RealPage in the first quarter worth $164,000. Intrust Bank NA bought a new position in RealPage during the first quarter worth $204,000. Finally, GSA Capital Partners LLP bought a new position in RealPage during the first quarter worth $208,000. Institutional investors and hedge funds own 79.38% of the company’s stock.
Shares of RP stock traded down $0.35 during trading on Friday, hitting $55.65. 273,358 shares of the company were exchanged, compared to its average volume of 1,180,783. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $4.76 billion, a P/E ratio of 154.58 and a beta of 1.13. RealPage has a twelve month low of $35.00 and a twelve month high of $61.95.
RealPage (NASDAQ:RP) last posted its quarterly earnings results on Thursday, May 3rd. The software maker reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $201.61 million during the quarter, compared to analysts’ expectations of $201.09 million. RealPage had a net margin of 0.43% and a return on equity of 11.01%. The firm’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period last year, the company posted $0.22 earnings per share. sell-side analysts predict that RealPage will post 1.03 EPS for the current year.
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.
Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with MarketBeat.com's FREE daily email newsletter.