Shares of RealPage Inc (NASDAQ:RP) have received a consensus rating of “Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $63.71.
Several research analysts have issued reports on the stock. Zacks Investment Research lowered shares of RealPage from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. BidaskClub lowered shares of RealPage from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 11th. KeyCorp raised their price target on shares of RealPage from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, August 3rd. Morgan Stanley set a $63.00 price target on shares of RealPage and gave the stock a “buy” rating in a report on Friday. Finally, Royal Bank of Canada restated a “hold” rating and set a $62.00 price target on shares of RealPage in a report on Friday.
In other RealPage news, major shareholder Seren Capital, Ltd. sold 296,980 shares of RealPage stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $61.05, for a total transaction of $18,130,629.00. Following the transaction, the insider now directly owns 15,309,495 shares of the company’s stock, valued at approximately $934,644,669.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen T. Winn sold 150,000 shares of RealPage stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $64.62, for a total transaction of $9,693,000.00. Following the transaction, the chief executive officer now directly owns 1,086,819 shares in the company, valued at $70,230,243.78. The disclosure for this sale can be found here. Insiders have sold a total of 2,485,412 shares of company stock worth $153,814,920 over the last ninety days. Insiders own 24.91% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RP. FNY Investment Advisers LLC bought a new stake in shares of RealPage during the 3rd quarter worth $131,000. Price Capital Management Inc. bought a new stake in RealPage in the 3rd quarter valued at about $132,000. First Manhattan Co. raised its stake in RealPage by 78.9% in the 2nd quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock valued at $187,000 after acquiring an additional 1,500 shares during the period. Engineers Gate Manager LP bought a new stake in RealPage in the 2nd quarter valued at about $204,000. Finally, Raymond James Trust N.A. bought a new stake in RealPage in the 3rd quarter valued at about $219,000. Institutional investors own 81.81% of the company’s stock.
NASDAQ RP traded down $1.28 during trading hours on Thursday, reaching $51.61. The company’s stock had a trading volume of 34,225 shares, compared to its average volume of 883,284. The firm has a market cap of $5.19 billion, a PE ratio of 143.18 and a beta of 1.32. RealPage has a 52 week low of $42.70 and a 52 week 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 issued its quarterly earnings data on Thursday, November 1st. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $224.95 million during the quarter, compared to analyst estimates of $221.33 million. RealPage had a net margin of 0.91% and a return on equity of 12.04%. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. As a group, research analysts anticipate that RealPage will post 1.03 earnings per share for the current fiscal year.
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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