RealPage Inc. (RP) Earns Overweight Rating from Analysts at Stephens
Investment analysts at Stephens initiated coverage on shares of RealPage Inc. (NASDAQ:RP) in a research report issued on Wednesday, The Fly reports. The firm set an “overweight” rating on the stock.
Other equities analysts have also issued reports about the stock. Royal Bank Of Canada upped their price target on shares of RealPage from $23.00 to $27.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 4th. Credit Suisse Group AG restated an “underperform” rating and set a $21.00 target price (up previously from $19.00) on shares of RealPage in a research report on Thursday, August 4th. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. JMP Securities upped their target price on shares of RealPage from $28.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 4th. Finally, Benchmark Co. assumed coverage on shares of RealPage in a research report on Tuesday, June 28th. They set a “buy” rating and a $28.00 target price for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. RealPage currently has an average rating of “Hold” and a consensus price target of $27.29.
Shares of RealPage (NASDAQ:RP) traded up 1.2199% during midday trading on Wednesday, reaching $24.9001. 26,437 shares of the company’s stock were exchanged. RealPage has a 12-month low of $16.06 and a 12-month high of $26.44. The stock has a market cap of $2.00 billion, a PE ratio of 2490.0100 and a beta of 1.30. The stock’s 50 day moving average is $25.17 and its 200-day moving average is $23.40.
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RealPage (NASDAQ:RP) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The business earned $142.50 million during the quarter, compared to analyst estimates of $141.45 million. RealPage had a net margin of 0.15% and a return on equity of 8.84%. The company’s revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.12 earnings per share. On average, equities analysts expect that RealPage will post $0.73 EPS for the current year.
In related news, major shareholder Seren Capital, Ltd. sold 24,000 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $25.63, for a total value of $615,120.00. Following the transaction, the insider now owns 19,444,453 shares of the company’s stock, valued at approximately $498,361,330.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO W Bryan Hill sold 1,900 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $25.50, for a total transaction of $48,450.00. Following the completion of the transaction, the chief financial officer now directly owns 227,007 shares in the company, valued at approximately $5,788,678.50. The disclosure for this sale can be found here. Corporate insiders own 33.24% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of RP. Simplex Trading LLC increased its position in RealPage by 8,167.1% in the third quarter. Simplex Trading LLC now owns 7,027 shares of the company’s stock valued at $180,000 after buying an additional 6,942 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in RealPage by 114.1% in the third quarter. BNP Paribas Arbitrage SA now owns 4,482 shares of the company’s stock valued at $115,000 after buying an additional 2,389 shares in the last quarter. Eqis Capital Management Inc. increased its position in RealPage by 4.9% in the third quarter. Eqis Capital Management Inc. now owns 28,152 shares of the company’s stock valued at $724,000 after buying an additional 1,319 shares in the last quarter. Macquarie Group Ltd. bought a new position in RealPage during the second quarter valued at approximately $2,093,000. Finally, Schwab Charles Investment Management Inc. increased its position in RealPage by 1.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 186,623 shares of the company’s stock valued at $4,168,000 after buying an additional 3,402 shares in the last quarter. 64.78% of the stock is currently owned by institutional investors.
RealPage Company Profile
RealPage, Inc is a provider of on demand software and software-enabled solutions for the rental housing industry. The Company’s property management solutions enables owners and managers of single family and multifamily rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations.
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