RealPage (RP) Earns Coverage Optimism Rating of 0.13
Media headlines about RealPage (NASDAQ:RP) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RealPage earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.1751850209455 out of 100, indicating 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 news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Alfred R. Berkeley III Sells 4,000 Shares of RealPage Inc (RP) Stock (americanbankingnews.com)
- Zacks: Brokerages Anticipate RealPage Inc (RP) Will Announce Quarterly Sales of $201.03 Million (americanbankingnews.com)
- RealPage (RP) Lifted to “Buy” at Zacks Investment Research (americanbankingnews.com)
- RealPage Inc (RP) EVP Sells $2,882,812.50 in Stock (americanbankingnews.com)
- RealPage Inc (RP) EVP Andrew Blount Sells 56,200 Shares (americanbankingnews.com)
RP has been the subject of several research analyst reports. Zacks Investment Research cut RealPage from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Morgan Stanley upgraded RealPage from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a research report on Tuesday, January 30th. KeyCorp increased their price objective on RealPage from $53.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “hold” rating and issued a $49.00 price objective on shares of RealPage in a research report on Wednesday, January 17th. Finally, BidaskClub cut RealPage from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $54.00.
In other news, major shareholder Seren Capital, Ltd. sold 73,501 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $44.32, for a total value of $3,257,564.32. Following the completion of the transaction, the insider now owns 17,440,250 shares in the company, valued at $772,951,880. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ashley Chaffin Glover sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $44.30, for a total value of $443,000.00. Following the completion of the transaction, the executive vice president now owns 83,854 shares of the company’s stock, valued at approximately $3,714,732.20. The disclosure for this sale can be found here. Insiders sold 1,086,928 shares of company stock valued at $49,469,921 in the last quarter. 30.31% of the stock is currently owned by company insiders.
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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