RealPage (NASDAQ:RP) Downgraded by BidaskClub to “Sell”

BidaskClub lowered shares of RealPage (NASDAQ:RP) from a hold rating to a sell rating in a research note published on Saturday morning, BidAskClub reports.

A number of other brokerages have also recently weighed in on RP. JPMorgan Chase & Co. cut RealPage from an overweight rating to a neutral rating and decreased their price objective for the stock from $78.00 to $65.00 in a research note on Thursday. Benchmark lowered RealPage from a buy rating to a hold rating in a research report on Thursday. ValuEngine lowered RealPage from a buy rating to a hold rating in a research report on Thursday, September 5th. KeyCorp assumed coverage on RealPage in a research report on Tuesday, July 16th. They set an overweight rating and a $76.00 target price on the stock. Finally, Zacks Investment Research raised RealPage from a sell rating to a hold rating in a research report on Saturday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $68.50.

Shares of NASDAQ:RP traded up $0.75 on Friday, hitting $54.11. 1,224,300 shares of the company traded hands, compared to its average volume of 623,927. The stock has a 50 day simple moving average of $61.30 and a 200-day simple moving average of $61.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.35. RealPage has a 52 week low of $42.90 and a 52 week high of $65.92. The company has a market cap of $5.79 billion, a PE ratio of 49.19 and a beta of 1.25.

RealPage (NASDAQ:RP) last issued its earnings results on Wednesday, November 6th. The software maker reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $255.20 million during the quarter, compared to analysts’ expectations of $254.32 million. RealPage had a return on equity of 9.86% and a net margin of 4.48%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. As a group, sell-side analysts anticipate that RealPage will post 1.25 earnings per share for the current year.

In other RealPage news, Chairman Stephen T. Winn sold 200,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $59.82, for a total transaction of $11,964,000.00. Following the transaction, the chairman now owns 1,210,873 shares in the company, valued at $72,434,422.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen T. Winn sold 29,070 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $60.84, for a total value of $1,768,618.80. Following the transaction, the chief executive officer now owns 1,210,873 shares in the company, valued at approximately $73,669,513.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 712,667 shares of company stock worth $43,937,476. 17.05% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its stake in RealPage by 931.6% during the second quarter. CWM LLC now owns 588 shares of the software maker’s stock worth $35,000 after acquiring an additional 531 shares during the last quarter. FTB Advisors Inc. grew its stake in shares of RealPage by 487.8% in the second quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock valued at $65,000 after buying an additional 922 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of RealPage by 242.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock valued at $95,000 after buying an additional 1,134 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of RealPage in the second quarter valued at $113,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of RealPage in the third quarter valued at $163,000. Institutional investors and hedge funds own 90.16% of the company’s stock.

RealPage Company Profile

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, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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Analyst Recommendations for RealPage (NASDAQ:RP)

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