RealPage (RP) Downgraded to “Hold” at BidaskClub

RealPage (NASDAQ:RP) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Benchmark increased their price objective on shares of RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Royal Bank of Canada restated a “hold” rating and issued a $42.00 price target on shares of RealPage in a report on Monday, September 11th. KeyCorp initiated coverage on shares of RealPage in a report on Thursday, September 7th. They issued an “overweight” rating and a $50.00 price target on the stock. Finally, Morgan Stanley initiated coverage on shares of RealPage in a report on Monday, November 20th. They issued an “equal weight” rating and a $48.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $46.57.

Shares of RealPage (NASDAQ:RP) traded up $1.50 during mid-day trading on Thursday, hitting $45.55. 613,100 shares of the stock traded hands, compared to its average volume of 553,594. The stock has a market cap of $3,890.00, a price-to-earnings ratio of 80.09 and a beta of 1.08. RealPage has a 1-year low of $28.00 and a 1-year high of $46.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06.

RealPage (NASDAQ:RP) last announced its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.22. The business had revenue of $169.76 million for the quarter, compared to analyst estimates of $170.73 million. RealPage had a net margin of 4.52% and a return on equity of 9.51%. The company’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS. equities analysts expect that RealPage will post 0.57 earnings per share for the current year.

In other RealPage news, Chairman Stephen T. Winn sold 255,254 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $39.93, for a total value of $10,192,292.22. Following the completion of the sale, the chairman now owns 2,983,997 shares of the company’s stock, valued at $119,151,000.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 73,501 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $44.32, for a total transaction of $3,257,564.32. Following the completion of the sale, the insider now directly owns 17,440,250 shares of the company’s stock, valued at approximately $772,951,880. The disclosure for this sale can be found here. Insiders sold 2,303,399 shares of company stock worth $100,840,921 in the last 90 days. 30.31% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Calamos Advisors LLC acquired a new stake in RealPage in the third quarter valued at approximately $10,069,000. PNC Financial Services Group Inc. grew its position in shares of RealPage by 83.9% during the second quarter. PNC Financial Services Group Inc. now owns 139,901 shares of the software maker’s stock worth $5,029,000 after buying an additional 63,843 shares in the last quarter. Contour Asset Management LLC acquired a new stake in shares of RealPage during the second quarter worth approximately $16,044,000. BlackRock Inc. grew its position in shares of RealPage by 4.8% during the second quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock worth $127,656,000 after buying an additional 163,752 shares in the last quarter. Finally, Castleark Management LLC grew its position in shares of RealPage by 146.9% during the second quarter. Castleark Management LLC now owns 396,604 shares of the software maker’s stock worth $14,258,000 after buying an additional 235,976 shares in the last quarter. 73.64% of the stock is owned by institutional investors.

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RealPage Company Profile

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.

Analyst Recommendations for RealPage (NASDAQ:RP)

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