RealPage EVP Sells $66,600 in Stock (RP)
RealPage (NYSE:RP) EVP William Chaney sold 3,000 shares of the stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $22.20, for a total transaction of $66,600.00. Following the sale, the executive vice president now directly owns 46,878 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
RP has been the subject of a number of recent research reports. Analysts at Credit Suisse cut their price target on shares of RealPage (NYSE:RP) from $27.00 to $23.00 in a research note to investors on Thursday, August 22nd. They now have an “outperform” rating on the stock. Separately, analysts at TheStreet upgraded shares of RealPage (NYSE:RP) from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, August 14th. Finally, analysts at GARP Research initiated coverage on shares of RealPage (NYSE:RP) in a research note to investors on Tuesday, July 9th. They set a “buy” rating on the stock.
Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.50.
RealPage (NYSE:RP) traded down 0.36% on Monday, hitting $22.16. The stock had a trading volume of 168,189 shares. RealPage has a 52 week low of $16.88 and a 52 week high of $24.54. The stock’s 50-day moving average is $20.85 and its 200-day moving average is $19.88. The company has a market cap of $1.707 billion and a price-to-earnings ratio of 152.33.
RealPage (NYSE:RP) last released its earnings data on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.14. The company had revenue of $94.50 million for the quarter, compared to the consensus estimate of $94.27 million. During the same quarter last year, the company posted $0.11 earnings per share. RealPage’s revenue was up 19.9% compared to the same quarter last year. Analysts expect that RealPage will post $0.59 EPS for the current fiscal year.
RealPage, Inc, incorporated on December 30, 2003, is a provider of on demand software solutions for the rental housing industry.
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