KeyCorp began coverage on shares of RealPage, Inc. (NASDAQ:RP) in a report published on Thursday morning, MarketBeat reports. The brokerage issued an overweight rating and a $50.00 price target on the software maker’s stock.
A number of other equities analysts have also weighed in on RP. Zacks Investment Research lowered RealPage from a hold rating to a sell rating in a research note on Friday, May 12th. Deutsche Bank AG increased their target price on RealPage from $38.00 to $40.00 and gave the stock a buy rating in a research note on Monday, May 15th. JMP Securities reiterated an outperform rating and set a $43.00 target price on shares of RealPage in a research note on Monday, May 15th. Royal Bank Of Canada reiterated a hold rating and set a $38.00 target price on shares of RealPage in a research note on Monday, July 24th. Finally, Stephens reiterated an overweight rating and set a $47.00 target price (up previously from $42.00) on shares of RealPage in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. RealPage has a consensus rating of Buy and an average price target of $41.29.
RealPage (NASDAQ RP) opened at 41.85 on Thursday. The company has a market capitalization of $3.31 billion, a P/E ratio of 130.78 and a beta of 1.06. RealPage has a 12 month low of $23.69 and a 12 month high of $43.65. The firm has a 50-day moving average price of $40.61 and a 200 day moving average price of $36.97.
RealPage (NASDAQ:RP) last announced its earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share 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%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. Analysts expect that RealPage will post $0.93 EPS for the current year.
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In other RealPage news, EVP Ashley Chaffin Glover sold 13,822 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $42.46, for a total value of $586,882.12. Following the sale, the executive vice president now owns 107,154 shares of the company’s stock, valued at approximately $4,549,758.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Seren Capital, Ltd. sold 95,760 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $34.93, for a total value of $3,344,896.80. Following the completion of the sale, the insider now directly owns 18,677,736 shares in the company, valued at approximately $652,413,318.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,658,454 shares of company stock worth $64,670,970. Corporate insiders own 33.24% of the company’s stock.
Several hedge funds have recently modified their holdings of RP. BlackRock Inc. boosted its holdings in shares of RealPage by 70,939.4% in the 1st quarter. BlackRock Inc. now owns 3,387,159 shares of the software maker’s stock valued at $118,213,000 after purchasing an additional 3,382,391 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of RealPage in the 2nd quarter valued at $107,795,000. Royal Bank of Canada boosted its holdings in shares of RealPage by 89,197.4% in the 2nd quarter. Royal Bank of Canada now owns 948,338 shares of the software maker’s stock valued at $34,092,000 after purchasing an additional 947,276 shares in the last quarter. Citadel Advisors LLC boosted its holdings in shares of RealPage by 1,793.3% in the 1st quarter. Citadel Advisors LLC now owns 919,565 shares of the software maker’s stock valued at $32,093,000 after purchasing an additional 870,996 shares in the last quarter. Finally, Stockbridge Partners LLC boosted its holdings in shares of RealPage by 26.2% in the 2nd quarter. Stockbridge Partners LLC now owns 3,806,256 shares of the software maker’s stock valued at $136,835,000 after purchasing an additional 790,297 shares in the last quarter. 70.49% of the stock is currently owned by hedge funds and other institutional investors.
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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