Shares of RealPage Inc (NASDAQ:RP) have earned an average rating of “Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $47.88.
RP has been the subject of several analyst reports. Zacks Investment Research lowered RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Benchmark raised their target price on RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Royal Bank of Canada restated a “hold” rating and issued a $42.00 target price on shares of RealPage in a research note on Monday, September 11th. KeyCorp began coverage on RealPage in a research note on Thursday, September 7th. They issued an “overweight” rating and a $50.00 target price for the company. Finally, Morgan Stanley began coverage on RealPage in a research note on Monday, November 20th. They issued an “equal weight” rating and a $48.00 target price for the company.
In other news, Chairman Stephen T. Winn sold 421,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $45.41, for a total transaction of $19,117,610.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Seren Capital, Ltd. sold 188,601 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $43.57, for a total value of $8,217,345.57. Following the sale, the insider now owns 17,815,796 shares in the company, valued at $776,234,231.72. The disclosure for this sale can be found here. Insiders have sold a total of 2,266,402 shares of company stock valued at $101,022,513 in the last quarter. Company insiders own 30.31% of the company’s stock.
Shares of RealPage (NASDAQ:RP) opened at $45.80 on Friday. RealPage has a twelve month low of $28.00 and a twelve month high of $46.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3,790.00, a price-to-earnings ratio of 130.86 and a beta of 1.09.
RealPage (NASDAQ:RP) last issued its quarterly earnings data on Thursday, November 2nd. The software maker reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The firm had revenue of $169.76 million during the quarter, compared to analyst estimates of $170.73 million. During the same quarter in the prior year, the business posted $0.20 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. sell-side analysts expect that RealPage will post 0.57 earnings per share for the current year.
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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.
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