TheStreet Upgrades RealPage to “Buy” (RP)
RealPage (NYSE:RP) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Monday, Stock Ratings Network reports.
The analysts wrote, “Realpage (RP) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse downgraded shares of RealPage from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 30th. They now have a $20.00 price target on the stock, down previously from $23.40. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. RealPage presently has a consensus rating of “Hold” and a consensus price target of $24.25.
RealPage (NYSE:RP) traded up 0.26% during mid-day trading on Monday, hitting $24.4925. The stock had a trading volume of 103,486 shares. RealPage has a one year low of $16.88 and a one year high of $25.00. The stock has a 50-day moving average of $22.6 and a 200-day moving average of $20.34. The company has a market cap of $1.887 billion and a P/E ratio of 167.33.
RealPage (NYSE:RP) last announced its earnings results 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.
In other RealPage news, Director Seren Capital, Ltd. unloaded 9,120 shares of RealPage stock on the open market in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $24.10, for a total transaction of $219,792.00. Following the sale, the director now directly owns 20,262,235 shares of the company’s stock, valued at approximately $488,319,864. The sale was disclosed in a document filed with the SEC, which is available at this link.
RealPage, Inc, incorporated on December 30, 2003, is a provider of on demand software solutions for the rental housing industry.
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