Somewhat Favorable News Coverage Somewhat Unlikely to Affect RealPage (RP) Stock Price
Media stories about RealPage (NASDAQ:RP) have been trending somewhat positive on Thursday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. RealPage earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 45.6060698208689 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- RealPage : Closes Acquisition of On-Site® (4-traders.com)
- RealPage, Inc. (RP) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- RealPage, Inc. (RP) Upgraded to Hold by Zacks Investment Research (americanbankingnews.com)
- RealPage : Expects $3-$4 Million of Renter’s Insurance Claims from Hurricanes (4-traders.com)
- RealPage Expects $3-$4 Million of Renter’s Insurance Claims from Hurricanes (finance.yahoo.com)
Several analysts recently weighed in on the company. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Deutsche Bank AG reissued a “buy” rating and set a $45.00 price target (up from $42.00) on shares of RealPage in a report on Wednesday, August 9th. Royal Bank Of Canada reissued a “hold” rating and set a $38.00 price target on shares of RealPage in a report on Monday, July 24th. Stephens reissued an “overweight” rating and set a $47.00 price target (up from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Finally, BidaskClub cut RealPage from a “buy” rating to a “hold” rating in a report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $41.29.
RealPage (NASDAQ:RP) opened at 40.65 on Thursday. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 127.03 and a beta of 1.06. RealPage has a 1-year low of $23.69 and a 1-year high of $43.65. The firm’s 50-day moving average price is $40.82 and its 200-day moving average price is $37.30.
RealPage (NASDAQ:RP) last posted its earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. Equities research analysts forecast that RealPage will post $0.92 EPS for the current fiscal year.
In other RealPage news, CFO W Bryan Hill sold 5,800 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $39.92, for a total transaction of $231,536.00. Following the sale, the chief financial officer now owns 237,367 shares in the company, valued at $9,475,690.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alfred R. Berkeley III sold 3,500 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $40.30, for a total value of $141,050.00. Following the sale, the director now owns 45,038 shares in the company, valued at approximately $1,815,031.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,574,381 shares of company stock worth $63,694,983. Company insiders own 33.24% of the company’s stock.
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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