RealPage Inc (NASDAQ:RP) CEO Stephen T. Winn sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $63.21, for a total value of $6,321,000.00. Following the completion of the sale, the chief executive officer now owns 1,086,819 shares of the company’s stock, valued at $68,697,828.99. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of NASDAQ RP traded up $2.00 during midday trading on Friday, hitting $56.96. 868,440 shares of the company’s stock were exchanged, compared to its average volume of 638,174. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 0.96. RealPage Inc has a twelve month low of $40.97 and a twelve month high of $66.25. The firm has a market capitalization of $6.18 billion, a PE ratio of 158.22 and a beta of 1.11.
RealPage (NASDAQ:RP) last issued its earnings results on Thursday, August 2nd. The software maker reported $0.37 earnings per share for the quarter, hitting the consensus estimate of $0.37. RealPage had a return on equity of 10.56% and a net margin of 0.69%. The business had revenue of $216.36 million for the quarter, compared to analyst estimates of $215.14 million. During the same quarter last year, the company earned $0.23 EPS. The business’s quarterly revenue was up 33.3% on a year-over-year basis. On average, sell-side analysts forecast that RealPage Inc will post 1.03 earnings per share for the current fiscal year.
A number of research firms have recently weighed in on RP. BidaskClub cut RealPage from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. Zacks Investment Research cut RealPage from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. JPMorgan Chase & Co. assumed coverage on RealPage in a research report on Thursday, June 21st. They issued an “overweight” rating and a $76.00 price target on the stock. KeyCorp reaffirmed an “overweight” rating and issued a $72.00 price target (down previously from $84.00) on shares of RealPage in a research report on Friday, September 14th. Finally, Royal Bank of Canada increased their price target on RealPage to $64.00 and gave the company a “sector perform” rating in a research report on Friday, August 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $64.63.
RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.
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