RealPage (NASDAQ:RP) Rating Lowered to Sell at ValuEngine

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RealPage (NASDAQ:RP) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Monday, November 11th, ValuEngine reports.

Other equities research analysts also recently issued reports about the company. Craig Hallum started coverage on RealPage in a research report on Thursday, August 29th. They issued a “buy” rating and a $83.00 target price on the stock. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd. BidaskClub downgraded RealPage from a “hold” rating to a “sell” rating in a research report on Saturday, November 9th. Benchmark downgraded RealPage from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. downgraded RealPage from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $78.00 to $65.00 in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $69.43.

Shares of RealPage stock traded up $0.53 during trading hours on Monday, hitting $55.30. The company’s stock had a trading volume of 771,294 shares, compared to its average volume of 639,733. The business has a 50 day moving average price of $57.33 and a two-hundred day moving average price of $60.36. RealPage has a 12-month low of $43.57 and a 12-month high of $65.92. The company has a market cap of $5.22 billion, a PE ratio of 50.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.85 and a current ratio of 0.85.

RealPage (NASDAQ:RP) last announced its quarterly earnings data on Wednesday, November 6th. The software maker reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $255.20 million for the quarter, compared to the consensus estimate of $254.32 million. RealPage had a return on equity of 9.76% and a net margin of 4.61%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. As a group, research analysts anticipate that RealPage will post 1.25 earnings per share for the current year.

In other news, CEO Stephen T. Winn sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.85, for a total transaction of $3,142,500.00. Following the transaction, the chief executive officer now owns 1,210,873 shares of the company’s stock, valued at $76,103,368.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ashley Chaffin Glover sold 19,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $54.20, for a total value of $1,029,800.00. Following the transaction, the executive vice president now directly owns 115,179 shares in the company, valued at approximately $6,242,701.80. The disclosure for this sale can be found here. Insiders have sold 508,865 shares of company stock worth $29,565,539 over the last three months. 17.05% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL grew its stake in RealPage by 20.5% in the third quarter. Virginia Retirement Systems ET AL now owns 4,700 shares of the software maker’s stock worth $295,000 after purchasing an additional 800 shares in the last quarter. BBVA USA Bancshares Inc. bought a new position in RealPage in the third quarter worth approximately $414,000. Synovus Financial Corp grew its stake in RealPage by 12,863.5% in the third quarter. Synovus Financial Corp now owns 16,334 shares of the software maker’s stock worth $1,027,000 after purchasing an additional 16,208 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in RealPage by 2.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 328,342 shares of the software maker’s stock worth $20,640,000 after purchasing an additional 8,076 shares in the last quarter. Finally, Cullen Frost Bankers Inc. bought a new position in RealPage in the third quarter worth approximately $163,000. 93.05% of the stock is currently owned by hedge funds and other institutional investors.

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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