RealPage Lowered to Underperform at Credit Suisse (RP)
RealPage (NYSE:RP) was downgraded by investment analysts at Credit Suisse from a “neutral” rating to an “underperform” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $20.00 price objective on the stock, down from their previous price objective of $23.40. Credit Suisse’s price target suggests a potential downside of 14.53% from the company’s current price.
In other RealPage news, Director Seren Capital, Ltd. unloaded 6,400 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $23.32, for a total transaction of $149,248.00. Following the transaction, the director now directly owns 20,284,155 shares of the company’s stock, valued at approximately $473,026,495. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of other analysts have also recently weighed in on RP. 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. 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. RealPage presently has a consensus rating of “Hold” and a consensus price target of $25.50.
RealPage (NYSE:RP) traded down 5.04% on Monday, hitting $22.22. The stock had a trading volume of 332,255 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 $21.5 and its 200-day moving average is $20.03. The company has a market cap of $1.712 billion and a P/E ratio of 160.27.
RealPage (NYSE:RP) last released its earnings data on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the 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. On average, analysts predict that RealPage will post $0.59 earnings per share 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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