RealPage (NASDAQ:RP) Rating Lowered to Hold at BidaskClub

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BidaskClub lowered shares of RealPage (NASDAQ:RP) from a buy rating to a hold rating in a report issued on Saturday, BidAskClub reports.

A number of other equities research analysts have also weighed in on RP. Keefe, Bruyette & Woods began coverage on shares of RealPage in a report on Tuesday, July 9th. They set an outperform rating and a $74.00 price target for the company. Craig Hallum assumed coverage on shares of RealPage in a report on Thursday, August 29th. They issued a buy rating and a $83.00 price objective on the stock. KeyCorp initiated coverage on shares of RealPage in a research report on Tuesday, July 16th. They issued an overweight rating and a $76.00 price objective for the company. ValuEngine downgraded RealPage from a buy rating to a hold rating in a research note on Thursday, September 5th. Finally, Zacks Investment Research lowered RealPage from a buy rating to a hold rating in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. RealPage presently has a consensus rating of Buy and a consensus price target of $69.00.

NASDAQ RP opened at $61.64 on Friday. The stock has a market cap of $6.06 billion, a PE ratio of 56.04 and a beta of 1.33. RealPage has a fifty-two week low of $42.90 and a fifty-two week high of $66.25. The business has a 50 day moving average price of $62.53 and a two-hundred day moving average price of $61.29. 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 (NASDAQ:RP) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.14. RealPage had a net margin of 4.48% and a return on equity of 9.86%. The company had revenue of $244.00 million for the quarter, compared to analyst estimates of $243.21 million. During the same quarter last year, the firm posted $0.37 earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Sell-side analysts anticipate that RealPage will post 1.25 EPS for the current fiscal year.

In other RealPage news, Chairman Stephen T. Winn sold 200,000 shares of the company’s 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 sale, the chairman now owns 1,210,873 shares in the company, valued at $72,434,422.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Seren Capital, Ltd. sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $57.25, for a total value of $8,587,500.00. Following the sale, the insider now owns 9,612,387 shares in the company, valued at approximately $550,309,155.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 701,672 shares of company stock valued at $42,026,678. Insiders own 17.05% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of RP. BNP Paribas Arbitrage SA lifted its stake in RealPage by 6.6% in the first quarter. BNP Paribas Arbitrage SA now owns 4,229 shares of the software maker’s stock valued at $257,000 after buying an additional 261 shares during the last quarter. Strs Ohio raised its stake in RealPage by 5.5% during the 2nd quarter. Strs Ohio now owns 5,340 shares of the software maker’s stock valued at $314,000 after acquiring an additional 277 shares in the last quarter. Capital Insight Partners LLC raised its stake in RealPage by 1.7% during the 2nd quarter. Capital Insight Partners LLC now owns 18,545 shares of the software maker’s stock valued at $1,091,000 after acquiring an additional 316 shares in the last quarter. California State Teachers Retirement System raised its stake in RealPage by 0.3% during the 1st quarter. California State Teachers Retirement System now owns 113,160 shares of the software maker’s stock valued at $6,868,000 after acquiring an additional 381 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in RealPage by 8.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,787 shares of the software maker’s stock worth $282,000 after acquiring an additional 386 shares during the period. Institutional investors own 90.87% of the company’s stock.

About RealPage

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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