RealPage, Inc. (RP) Stock Rating Upgraded by BidaskClub
RealPage, Inc. (NASDAQ:RP) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised RealPage from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Deutsche Bank AG reissued a “buy” rating and issued a $45.00 target price (up previously from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “hold” rating and issued a $38.00 target price on shares of RealPage in a research report on Monday, July 24th. Stephens reissued an “overweight” rating and issued a $47.00 target price (up previously from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. Finally, KeyCorp started coverage on RealPage in a research report on Thursday, September 7th. They issued an “overweight” rating and a $50.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $41.29.
RealPage (RP) opened at 42.00 on Friday. The stock has a 50 day moving average price of $40.95 and a 200-day moving average price of $37.73. The firm has a market cap of $3.32 billion, a P/E ratio of 131.25 and a beta of 1.09. RealPage has a one year low of $23.69 and a one year high of $43.65.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. RealPage’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. Analysts predict that RealPage will post $0.92 EPS for the current fiscal year.
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In other news, Director Alfred R. Berkeley III sold 3,500 shares of RealPage stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $40.30, for a total transaction of $141,050.00. Following the completion of the transaction, the director now directly owns 45,038 shares in the company, valued at approximately $1,815,031.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 153,154 shares of RealPage stock in a transaction that occurred 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 transaction, the insider now owns 18,025,752 shares of the company’s stock, valued at $719,768,277.36. The disclosure for this sale can be found here. Insiders have sold a total of 1,982,789 shares of company stock worth $80,002,714 in the last ninety days. Insiders own 33.24% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of RP. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock valued at $102,000 after purchasing an additional 272 shares during the period. Ameritas Investment Partners Inc. bought a new stake in RealPage in the 1st quarter valued at $163,000. Bessemer Group Inc. boosted its stake in RealPage by 2.0% in the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock valued at $180,000 after purchasing an additional 100 shares during the period. Gotham Asset Management LLC bought a new stake in RealPage in the 1st quarter valued at $200,000. Finally, Bfsg LLC bought a new stake in RealPage in the 2nd quarter valued at $209,000. 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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