RealPage Inc (NASDAQ:RP)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $64.45 and last traded at $64.50, with a volume of 18050 shares. The stock had previously closed at $62.80.
Several equities analysts have commented on the stock. BidaskClub raised shares of RealPage from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 5th. KeyCorp reissued an “overweight” rating and set a $72.00 target price (down previously from $84.00) on shares of RealPage in a research report on Friday. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. JPMorgan Chase & Co. initiated coverage on shares of RealPage in a research note on Thursday, June 21st. They set an “overweight” rating and a $76.00 price target for the company. Finally, Royal Bank of Canada raised their price target on shares of RealPage to $64.00 and gave the stock a “sector perform” rating in a research note on Friday, August 3rd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $64.50.
The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $5.84 billion, a PE ratio of 176.81 and a beta of 1.15.
In related news, Director Alfred R. Berkeley III sold 1,000 shares of RealPage stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $60.60, for a total value of $60,600.00. Following the completion of the transaction, the director now directly owns 34,881 shares in the company, valued at approximately $2,113,788.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alfred R. Berkeley III sold 4,000 shares of RealPage stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $59.23, for a total transaction of $236,920.00. Following the completion of the transaction, the director now owns 35,881 shares of the company’s stock, valued at $2,125,231.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,339,250 shares of company stock valued at $198,121,298. 24.91% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Next Century Growth Investors LLC purchased a new position in RealPage in the 1st quarter valued at approximately $143,000. Mount Yale Investment Advisors LLC purchased a new position in RealPage in the 1st quarter valued at approximately $164,000. First Manhattan Co. grew its stake in RealPage by 78.9% in the 2nd quarter. First Manhattan Co. now owns 3,400 shares of the software maker’s stock valued at $187,000 after buying an additional 1,500 shares in the last quarter. Engineers Gate Manager LP purchased a new position in RealPage in the 2nd quarter valued at approximately $204,000. Finally, GSA Capital Partners LLP purchased a new position in RealPage in the 1st quarter valued at approximately $208,000. Institutional investors and hedge funds own 81.13% of the company’s stock.
RealPage Company Profile (NASDAQ:RP)
RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware for accounting, maintenance and work order management, marketing, spend management, portal services, and screening and payment solutions.
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