RealPage Inc. Reaches New 12-Month High at $25.30 (RP)
RealPage (NYSE:RP)’s share price reached a new 52-week high during trading on Thursday, Analyst RN reports. The stock traded as high as $25.30 and last traded at $25.17, with a volume of 146,457 shares traded. The stock had previously closed at $24.85.
A number of analysts have recently weighed in on RP shares. Analysts at TheStreet upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, 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. Finally, analysts at Credit Suisse cut their price target on shares of RealPage 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $24.25.
In other RealPage news, Director Seren Capital, Ltd. sold 9,120 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $24.10, for a total value of $219,792.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at this link.
RealPage has a 52-week low of $16.88 and a 52-week high of $25.00. The stock’s 50-day moving average is $22.9 and its 200-day moving average is $20.43. The company has a market cap of $1.948 billion and a price-to-earnings ratio of 170.21.
RealPage (NYSE:RP) last posted its quarterly 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 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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