RealPage (RP) Earning Somewhat Positive News Coverage, Analysis Finds
Headlines about RealPage (NASDAQ:RP) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. RealPage earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.5631558909358 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern’s analysis:
- Datawatch (DWCH) and RealPage (RP) Critical Contrast (americanbankingnews.com)
- RealPage Closes Acquisition of Lease Rent Options, LRO® (finance.yahoo.com)
- New Research: Key Drivers of Growth for Synchrony Financial, Pulse Biosciences … (markets.businessinsider.com)
- Realpage Inc (RP) Chairman President & CEO Stephen T Winn Sold $19.1 million of Shares – GuruFocus.com (gurufocus.com)
- RealPage, Inc. (RP) CFO Sells $365,520.00 in Stock (americanbankingnews.com)
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Monday, August 21st. BidaskClub downgraded RealPage from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Deutsche Bank restated a “buy” rating and set a $45.00 price objective (up from $42.00) on shares of RealPage in a research report on Wednesday, August 9th. KeyCorp assumed coverage on RealPage in a research report on Thursday, September 7th. They set an “overweight” rating and a $50.00 price objective on the stock. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $42.00 price objective (up from $38.00) on shares of RealPage in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $46.57.
RealPage (NASDAQ:RP) last issued its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. RealPage had a return on equity of 9.51% and a net margin of 4.52%. The firm had revenue of $169.76 million for the quarter, compared to the consensus estimate of $170.73 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. equities research analysts expect that RealPage will post 0.57 earnings per share for the current fiscal year.
In other news, major shareholder Seren Capital, Ltd. sold 186,246 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $40.20, for a total value of $7,487,089.20. Following the sale, the insider now directly owns 18,139,354 shares in the company, valued at $729,202,030.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO W Bryan Hill sold 5,800 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $39.92, for a total value of $231,536.00. Following the completion of the sale, the chief financial officer now owns 237,367 shares in the company, valued at $9,475,690.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,553,541 shares of company stock worth $109,857,652. Company insiders own 30.31% of the company’s stock.
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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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