Insider Selling: Stephen Winn Sells 30,000 Shares of RealPage Stock (RP)
RealPage (NYSE:RP) CEO Stephen Winn sold 30,000 shares of the company’s stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $22.15, for a total transaction of $664,500.00. Following the completion of the transaction, the chief executive officer now directly owns 4,762,387 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $26.50.
Shares of RealPage (NYSE:RP) traded up 3.25% during mid-day trading on Wednesday, hitting $23.81. 352,798 shares of the company’s stock traded hands. RealPage has a one year low of $16.88 and a one year high of $24.54. The stock’s 50-day moving average is $21.00 and its 200-day moving average is $19.87. The company has a market cap of $1.834 billion and a price-to-earnings ratio of 157.95.
RealPage (NYSE:RP) last released its earnings data on Thursday, August 1st. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. 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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