RealPage (NASDAQ:RP) has been assigned a $63.00 price objective by research analysts at Morgan Stanley in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the software maker’s stock. Morgan Stanley’s target price would suggest a potential upside of 11.82% from the stock’s previous close.
Several other research firms have also recently weighed in on RP. BidaskClub upgraded RealPage from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 5th. KeyCorp restated an “overweight” rating and set a $72.00 target price (down from $84.00) on shares of RealPage in a research note on Friday, September 14th. Zacks Investment Research upgraded RealPage from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Wednesday, September 19th. Finally, Royal Bank of Canada increased their price target on RealPage to $64.00 and gave the company a “sector perform” rating in a research note on Friday, August 3rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. RealPage has a consensus rating of “Buy” and an average target price of $64.50.
NASDAQ:RP traded up $1.45 during trading hours on Friday, reaching $56.34. 62,522 shares of the company were exchanged, compared to its average volume of 759,563. The company has a market capitalization of $4.85 billion, a P/E ratio of 156.97 and a beta of 1.12. RealPage has a 1-year low of $41.10 and a 1-year high of $66.25. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.96.
RealPage (NASDAQ:RP) last released its earnings results on Thursday, November 1st. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. RealPage had a return on equity of 10.56% and a net margin of 0.69%. The firm had revenue of $224.95 million during the quarter, compared to analysts’ expectations of $221.33 million. During the same period in the prior year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 33.1% on a year-over-year basis. On average, sell-side analysts anticipate that RealPage will post 1.03 EPS for the current fiscal year.
In other news, Director Alfred R. Berkeley III sold 4,000 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $59.23, for a total value of $236,920.00. Following the completion of the transaction, the director now directly owns 35,881 shares in the company, valued at approximately $2,125,231.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen T. Winn sold 150,000 shares of the stock in a transaction on Tuesday, September 25th. The shares were sold at an average price of $64.62, for a total value of $9,693,000.00. Following the completion of the transaction, the chief executive officer now owns 1,086,819 shares of the company’s stock, valued at $70,230,243.78. The disclosure for this sale can be found here. Insiders sold a total of 2,485,412 shares of company stock valued at $153,814,920 over the last quarter. 24.91% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Marshall Wace LLP raised its position in RealPage by 610.5% during the 2nd quarter. Marshall Wace LLP now owns 105,989 shares of the software maker’s stock worth $5,840,000 after purchasing an additional 91,072 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in RealPage by 2.9% during the 2nd quarter. Eqis Capital Management Inc. now owns 31,530 shares of the software maker’s stock worth $1,737,000 after acquiring an additional 875 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in RealPage during the 2nd quarter worth about $675,000. Engineers Gate Manager LP acquired a new stake in RealPage during the 2nd quarter worth about $204,000. Finally, Peregrine Capital Management LLC grew its holdings in RealPage by 2.7% during the 3rd quarter. Peregrine Capital Management LLC now owns 683,268 shares of the software maker’s stock worth $45,027,000 after acquiring an additional 17,952 shares during the period. 81.11% of the stock is owned by institutional investors and hedge funds.
RealPage Company Profile
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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