RealPage EVP William P. Chaney Unloads 1,800 Shares (RP)
RealPage (NYSE:RP) EVP William P. Chaney sold 1,800 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $16.10, for a total value of $28,980.00. Following the transaction, the executive vice president now directly owns 88,366 shares in the company, valued at approximately $1,422,693. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
RealPage (NYSE:RP) traded up 1.26% during mid-day trading on Thursday, hitting $16.05. The stock had a trading volume of 226,004 shares. RealPage has a 1-year low of $14.87 and a 1-year high of $26.34. The stock has a 50-day moving average of $17.91 and a 200-day moving average of $19.15. The company has a market cap of $1.271 billion and a P/E ratio of 152.40.
RealPage (NYSE:RP) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.06 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.14 earnings per share. RealPage’s revenue was up .3% compared to the same quarter last year. On average, analysts predict that RealPage will post $0.38 earnings per share for the current fiscal year.
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 research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. RealPage has an average rating of “Hold” and an average price target of $19.62.
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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