RealPage Trading 8.4% Higher on Insider Buying Activity (RP)
RealPage (NYSE:RP) shares traded up 8.4% during trading on Thursday after an insider bought additional shares in the company, AnalystRatings.NET reports. The stock traded as high as $17.72 and last traded at $17.68, with a volume of 2,185,090 shares traded. The stock had previously closed at $16.31.
Specifically, Director Jason Wright bought 50,000 shares of RealPage stock on the open market in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of $16.48 per share, with a total value of $824,000.00. Following the transaction, the director now directly owns 59,734 shares in the company, valued at approximately $984,416. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
RP has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of RealPage to a “hold” rating in a research note on Tuesday. Separately, analysts at JMP Securities cut their price target on shares of RealPage from $28.00 to $24.00 in a research note on Tuesday. Finally, analysts at Credit Suisse cut their price target on shares of RealPage from $20.00 to $15.00 in a research note on Tuesday. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $20.33.
The stock has a 50-day moving average of $20.95 and a 200-day moving average of $22.48. The company has a market cap of $1.391 billion and a price-to-earnings ratio of 60.41.
RealPage (NYSE:RP) last released its earnings data on Monday, February 24th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ 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. Analysts expect that RealPage will post $0.69 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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