RealPage (NASDAQ:RP) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They currently have a $65.00 price target on the software maker’s stock, down from their previous price target of $78.00. JPMorgan Chase & Co.‘s price target indicates a potential upside of 20.13% from the company’s current price.
A number of other research analysts have also recently weighed in on RP. Craig Hallum assumed coverage on shares of RealPage in a research report on Thursday, August 29th. They set a “buy” rating and a $83.00 price objective on the stock. Zacks Investment Research upgraded shares of RealPage from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. BidaskClub cut shares of RealPage from a “buy” rating to a “hold” rating in a research report on Saturday, September 7th. KeyCorp assumed coverage on shares of RealPage in a research report on Tuesday, July 16th. They set an “overweight” rating and a $76.00 price objective on the stock. Finally, ValuEngine cut shares of RealPage from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. RealPage has an average rating of “Hold” and an average price target of $68.50.
RealPage stock traded up $0.75 during trading hours on Thursday, hitting $54.11. The stock had a trading volume of 1,224,300 shares, compared to its average volume of 623,927. RealPage has a 12-month low of $42.90 and a 12-month high of $65.92. The stock’s 50-day moving average price is $61.30 and its 200-day moving average price is $61.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $5.79 billion, a P/E ratio of 49.19 and a beta of 1.25.
In other RealPage news, Chairman Stephen T. Winn sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $59.82, for a total transaction of $11,964,000.00. Following the completion of the transaction, the chairman now directly owns 1,210,873 shares of the company’s stock, valued at approximately $72,434,422.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen T. Winn sold 61,681 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $61.60, for a total transaction of $3,799,549.60. Following the transaction, the chief executive officer now directly owns 1,210,873 shares of the company’s stock, valued at $74,589,776.80. The disclosure for this sale can be found here. Insiders sold a total of 712,667 shares of company stock valued at $43,937,476 over the last ninety days. 17.05% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of RP. CWM LLC grew its stake in shares of RealPage by 931.6% during the 2nd quarter. CWM LLC now owns 588 shares of the software maker’s stock worth $35,000 after purchasing an additional 531 shares during the period. FTB Advisors Inc. grew its stake in shares of RealPage by 487.8% during the 2nd quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock worth $65,000 after purchasing an additional 922 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of RealPage by 242.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock worth $95,000 after purchasing an additional 1,134 shares during the period. Contravisory Investment Management Inc. acquired a new stake in shares of RealPage during the 2nd quarter worth approximately $113,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of RealPage during the 3rd quarter worth approximately $163,000. 90.16% of the stock is currently owned by institutional investors and hedge funds.
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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.
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