RealPage EVP Sells $161,279 in Stock (RP)
RealPage (NYSE:RP) EVP Jovanovic Janine Steiner unloaded 10,214 shares of RealPage stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $15.79, for a total transaction of $161,279.06. Following the sale, the executive vice president now directly owns 89,584 shares of the company’s stock, valued at approximately $1,414,531. The sale was disclosed in a document filed with the SEC, which is available at this link.
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, August 5th. 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 given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.62.
Shares of RealPage (NYSE:RP) traded up 0.83% during mid-day trading on Wednesday, hitting $15.71. 445,140 shares of the company’s stock traded hands. RealPage has a one year low of $14.87 and a one year high of $26.34. The stock’s 50-day moving average is $18.82 and its 200-day moving average is $19.3. The company has a market cap of $1.244 billion and a price-to-earnings ratio of 149.81.
RealPage (NYSE:RP) last announced its earnings results on Monday, August 4th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. Analysts expect that RealPage will post $0.38 EPS for the current fiscal year.
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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