RealPage Hits New 1-Year Low on Disappointing Earnings (RP)
Shares of RealPage (NYSE:RP) reached a new 52-week low on Tuesday following a weaker than expected earnings announcement, AnalystRatings.NET reports. The company traded as low as $14.96 and last traded at $15.26, with a volume of 1,007,301 shares trading hands. The stock had previously closed at $15.92.
The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.02. The company had revenue of $94.80 million for the quarter, compared to the consensus estimate of $95.98 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis.
A number of analysts have recently weighed in on RP shares. Analysts at Zacks downgraded shares of RealPage from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $15.10 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of RealPage from $15.00 to $13.00 in a research note on Monday, July 21st. They now have an “underperform” rating on the stock. Finally, analysts at ISI Group initiated coverage on shares of RealPage in a research note on Friday, July 18th. They set a “hold” rating and a $23.63 price target on the stock. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. RealPage has a consensus rating of “Hold” and an average price target of $19.62.
The stock has a 50-day moving average of $20.12 and a 200-day moving average of $19.65. The company has a market cap of $1.196 billion and a P/E ratio of 63.94.
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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