RealPage, Inc. (RP) Stock Rating Lowered by BidaskClub
RealPage, Inc. (NASDAQ:RP) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.
Several other equities research analysts also recently weighed in on RP. Deutsche Bank AG reissued a “buy” rating and issued a $42.00 price target (up previously from $40.00) on shares of RealPage in a report on Tuesday, July 18th. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $38.00 target price on shares of RealPage in a report on Monday, July 24th. KeyCorp began coverage on RealPage in a research report on Thursday, September 7th. They set an “overweight” rating and a $50.00 price target for the company. Finally, Stephens reiterated an “overweight” rating and set a $47.00 price target (up from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. RealPage presently has an average rating of “Hold” and an average price target of $41.29.
Shares of RealPage (NASDAQ RP) traded down 1.99% on Friday, hitting $39.35. 707,569 shares of the company traded hands. RealPage has a 1-year low of $23.69 and a 1-year high of $43.65. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 122.97 and a beta of 1.06. The firm’s 50 day moving average price is $40.75 and its 200-day moving average price is $37.20.
RealPage (NASDAQ:RP) last released its earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The business had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.02 million. During the same quarter last year, the firm posted $0.18 earnings per share. The business’s revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts expect that RealPage will post $0.93 earnings per share for the current year.
In other RealPage news, CFO W Bryan Hill sold 5,800 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.92, for a total transaction of $231,536.00. Following the completion of the sale, the chief financial officer now directly owns 237,367 shares of the company’s stock, valued at approximately $9,475,690.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 95,760 shares of the stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $36.95, for a total value of $3,538,332.00. Following the sale, the insider now directly owns 18,590,136 shares of the company’s stock, valued at $686,905,525.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,905,551 shares of company stock worth $75,948,393. Company insiders own 33.24% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of RP. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after purchasing an additional 272 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in RealPage during the first quarter worth $163,000. Bessemer Group Inc. increased its position in RealPage by 2.0% during the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after buying an additional 100 shares in the last quarter. Gotham Asset Management LLC purchased a new position in RealPage during the first quarter worth $200,000. Finally, Bfsg LLC purchased a new position in RealPage during the second quarter worth $209,000. 70.49% of the stock is owned by institutional investors and hedge funds.
RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.
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