RealPage major shareholder Unloads $507,360 in Stock (RP)
RealPage (NYSE:RP) major shareholder Seren Capital, Ltd. sold 22,400 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $22.65, for a total value of $507,360.00. Following the completion of the transaction, the insider now directly owns 20,125,146 shares of the company’s stock, valued at approximately $455,834,557. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
RealPage (NYSE:RP) traded up 0.84% on Thursday, hitting $22.82. The stock had a trading volume of 89,428 shares. RealPage has a 52 week low of $15.40 and a 52 week high of $26.34. The stock’s 50-day moving average is $21.34 and its 200-day moving average is $20.14. The company has a market cap of $1.798 billion and a P/E ratio of 90.88.
RealPage (NYSE:RP) last announced its earnings results on Tuesday, May 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $101.90 million for the quarter, compared to the consensus estimate of $101.10 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, analysts predict that RealPage will post $0.68 earnings per share for the current fiscal year.
Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of RealPage in a research note on Monday, June 23rd. They now have a $20.00 price target on the stock, up previously from $18.00. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.25.
RealPage, Inc, is a provider of on demand software solutions for the rental housing industry. The Company’s platform consists of its property management systems, as well as seven families of software-enabled value-added services.
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