RealPage (NASDAQ:RP) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.47-0.49 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.48. The company issued revenue guidance of $250-252 million, compared to the consensus revenue estimate of $258.70 million.
Several brokerages have issued reports on RP. Craig Hallum began coverage on shares of RealPage in a report on Thursday, August 29th. They issued a buy rating and a $83.00 target price for the company. JPMorgan Chase & Co. cut shares of 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 report on Thursday. Zacks Investment Research raised shares of RealPage from a sell rating to a hold rating in a report on Saturday, November 2nd. KeyCorp began coverage on shares of RealPage in a report on Tuesday, July 16th. They issued an overweight rating and a $76.00 target price for the company. Finally, BidaskClub cut shares of RealPage from a hold rating to a sell rating in a report on Saturday. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $68.50.
Shares of RP stock traded up $0.75 during trading hours on Friday, reaching $54.11. The company had a trading volume of 1,224,300 shares, compared to its average volume of 623,927. The firm has a market cap of $5.79 billion, a PE ratio of 49.19 and a beta of 1.25. RealPage has a one year low of $42.90 and a one year high of $65.92. The business has a fifty day moving average price of $61.30 and a 200-day moving average price of $61.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.81 and a current ratio of 0.81.
In other news, Chairman Stephen T. Winn sold 200,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $59.82, for a total value of $11,964,000.00. Following the transaction, the chairman now owns 1,210,873 shares of the company’s stock, valued at $72,434,422.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen T. Winn sold 29,070 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $60.84, for a total transaction of $1,768,618.80. Following the completion of the transaction, the chief executive officer now directly 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 quarter, insiders sold 712,667 shares of company stock valued at $43,937,476. Company insiders own 17.05% 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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