Several brokerages have updated their recommendations and price targets on shares of RealPage (NASDAQ: RP) in the last few weeks:

  • 8/21/2017 – RealPage was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas. “
  • 8/9/2017 – RealPage had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $42.00 price target on the stock, up previously from $38.00.
  • 8/9/2017 – RealPage had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $45.00 price target on the stock, up previously from $42.00.
  • 8/9/2017 – RealPage was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas. “
  • 8/3/2017 – RealPage had its price target raised by analysts at Royal Bank Of Canada from $38.00 to $42.00. They now have a “sector perform” rating on the stock.
  • 8/3/2017 – RealPage had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $47.00 price target on the stock, up previously from $42.00.
  • 8/3/2017 – RealPage had its price target raised by analysts at Deutsche Bank AG from $42.00 to $45.00. They now have a “buy” rating on the stock.
  • 7/24/2017 – RealPage had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $38.00 price target on the stock.
  • 7/18/2017 – RealPage had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $42.00 price target on the stock, up previously from $40.00.
  • 7/11/2017 – RealPage was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas. “

RealPage, Inc. (NASDAQ RP) traded down 0.85% during midday trading on Monday, hitting $40.65. The stock had a trading volume of 75,248 shares. The company has a market cap of $3.21 billion, a P/E ratio of 127.03 and a beta of 1.11. The stock’s 50-day moving average is $39.57 and its 200-day moving average is $36.39. RealPage, Inc. has a one year low of $23.69 and a one year high of $43.65.

RealPage (NASDAQ:RP) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company posted $0.18 earnings per share. Equities analysts predict that RealPage, Inc. will post $0.93 EPS for the current fiscal year.

In other news, EVP Ashley Chaffin Glover sold 9,192 shares of RealPage stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $41.75, for a total transaction of $383,766.00. Following the completion of the transaction, the executive vice president now directly owns 120,976 shares in the company, valued at $5,050,748. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William P. Chaney sold 15,000 shares of RealPage stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $41.30, for a total transaction of $619,500.00. Following the transaction, the executive vice president now owns 196,339 shares of the company’s stock, valued at $8,108,800.70. The disclosure for this sale can be found here. Insiders sold 1,226,252 shares of company stock valued at $45,025,042 over the last 90 days. Corporate insiders own 33.24% of the company’s stock.

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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