RealPage, Inc. (NASDAQ:RP) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
A number of other brokerages have also recently issued reports on RP. Zacks Investment Research cut RealPage from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Deutsche Bank AG reiterated a “buy” rating and set a $42.00 price objective (up previously from $40.00) on shares of RealPage in a research note on Tuesday, July 18th. Royal Bank Of Canada reiterated a “hold” rating and set a $38.00 price objective on shares of RealPage in a research note on Monday, July 24th. Finally, KeyCorp initiated coverage on RealPage in a research note on Thursday, September 7th. They set an “overweight” rating and a $50.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. RealPage currently has a consensus rating of “Buy” and an average price target of $41.29.
RealPage (NASDAQ:RP) opened at 42.00 on Friday. The stock’s 50 day moving average price is $40.95 and its 200-day moving average price is $37.73. RealPage has a 12 month low of $23.69 and a 12 month high of $43.65. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 131.25 and a beta of 1.09.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The company had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.02 million. During the same period in the previous year, the company posted $0.18 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis. Equities analysts anticipate that RealPage will post $0.92 EPS for the current fiscal year.
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In other news, major shareholder Seren Capital, Ltd. sold 153,154 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $39.93, for a total value of $6,115,439.22. Following the completion of the transaction, the insider now owns 18,025,752 shares in the company, valued at $719,768,277.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen T. Winn sold 27,930 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $39.43, for a total value of $1,101,279.90. Following the completion of the transaction, the chief executive officer now owns 3,352,600 shares of the company’s stock, valued at approximately $132,193,018. The disclosure for this sale can be found here. Insiders have sold 1,982,789 shares of company stock valued at $80,002,714 in the last quarter. 33.24% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of RealPage by 10.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after purchasing an additional 272 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of RealPage in the first quarter worth $163,000. Bessemer Group Inc. raised its stake in shares of RealPage by 2.0% in the second quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after purchasing an additional 100 shares during the last quarter. Gotham Asset Management LLC purchased a new position in shares of RealPage in the first quarter worth $200,000. Finally, Bfsg LLC purchased a new position in shares of RealPage in the second quarter worth $209,000. Hedge funds and other institutional investors own 70.49% of the company’s stock.
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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