Share on StockTwits

RealPage (NYSE:RP) was downgraded by investment analysts at TheStreet to a “hold” rating in a note issued to investors on Tuesday, Stock Ratings News reports.

Several other analysts have also recently commented on the stock. Analysts at JMP Securities cut their price target on shares of RealPage from $28.00 to $24.00 in a research note on Tuesday. Separately, analysts at Credit Suisse cut their price target on shares of RealPage from $20.00 to $15.00 in a research note on Tuesday. Finally, analysts at RBC Capital downgraded shares of RealPage from an “outperform” rating to a “sector perform” rating in a research note on Tuesday. They now have a $22.00 price target on the stock, down previously from $28.00. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $20.33.

RealPage (NYSE:RP) traded down 22.78% on Tuesday, hitting $16.00. The stock had a trading volume of 8,594,026 shares. RealPage has a 52-week low of $16.88 and a 52-week high of $26.34. The stock has a 50-day moving average of $21.30 and a 200-day moving average of $22.56. The company has a market cap of $1.243 billion and a P/E ratio of 71.45.

RealPage (NYSE:RP) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.01. The company had revenue of $96.40 million for the quarter, compared to the consensus estimate of $103.55 million. On average, analysts predict that RealPage will post $0.60 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.