RealPage (RP) Receiving Somewhat Favorable Press Coverage, Accern Reports
News coverage about RealPage (NASDAQ:RP) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. RealPage earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 46.6643830431937 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- RealPage, Inc. (RP) Issues FY17 Earnings Guidance (americanbankingnews.com)
- RealPage, Inc. (RP) Issues Q4 Earnings Guidance (americanbankingnews.com)
- RealPage Gets In The Zone As Earnings Approach (finance.yahoo.com)
- RealPage : to Announce Third Quarter 2017 Financial Results (4-traders.com)
- RealPage to Participate in Upcoming Investor Conference (finance.yahoo.com)
RealPage (NASDAQ:RP) last issued its quarterly earnings data on Wednesday, November 1st. The software maker reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The firm had revenue of $169.76 million during the quarter, compared to analyst estimates of $170.73 million. During the same quarter last year, the firm earned $0.20 EPS. RealPage’s quarterly revenue was up 14.9% on a year-over-year basis.
Several equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $42.00 target price (up previously from $38.00) on shares of RealPage in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Stephens reaffirmed an “overweight” rating and set a $47.00 target price (up previously from $42.00) on shares of RealPage in a report on Thursday, August 3rd. Deutsche Bank AG increased their target price on shares of RealPage from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $43.14.
In other news, major shareholder Seren Capital, Ltd. sold 95,760 shares of RealPage stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $38.98, for a total value of $3,732,724.80. Following the completion of the transaction, the insider now owns 18,486,216 shares in the company, valued at approximately $720,592,699.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alfred R. Berkeley III sold 3,500 shares of RealPage stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $40.30, for a total value of $141,050.00. Following the completion of the transaction, the director now owns 45,038 shares of the company’s stock, valued at approximately $1,815,031.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,990,789 shares of company stock valued at $80,339,434. 33.24% of the stock is owned by insiders.
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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