RealPage Director Seren Capital, Ltd. Unloads 9,000 Shares (RP)
RealPage (NYSE:RP) Director Seren Capital, Ltd. sold 9,000 shares of the stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $22.15, for a total value of $199,350.00. Following the transaction, the director now directly owns 20,290,555 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on RP. 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $26.50.
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 52-week low of $16.88 and a 52-week 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 P/E ratio of 157.95.
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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