RealPage (RP) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of RealPage (NASDAQ:RP) from a hold rating to a buy rating in a research note published on Tuesday morning, Zacks.com reports. The brokerage currently has $67.00 price objective on the software maker’s stock.

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. “

RP has been the topic of several other reports. BidaskClub raised shares of RealPage from a buy rating to a strong-buy rating in a report on Tuesday, February 5th. TheStreet raised shares of RealPage from a c rating to a b- rating in a report on Monday, February 25th. DA Davidson assumed coverage on shares of RealPage in a report on Thursday, March 28th. They issued a neutral rating and a $60.00 price objective on the stock. William Blair reaffirmed an outperform rating on shares of RealPage in a report on Tuesday, February 26th. Finally, Morgan Stanley dropped their price objective on shares of RealPage from $63.00 to $61.00 and set an overweight rating on the stock in a report on Wednesday, February 27th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $66.33.

RP stock opened at $59.17 on Tuesday. The firm has a market capitalization of $5.49 billion, a PE ratio of 53.79 and a beta of 1.50. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.36. RealPage has a 12 month low of $42.90 and a 12 month high of $66.25.

RealPage (NASDAQ:RP) last released its quarterly earnings data on Monday, May 6th. The software maker reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The business had revenue of $234.30 million for the quarter, compared to the consensus estimate of $234.16 million. RealPage had a net margin of 3.89% and a return on equity of 9.48%. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. On average, research analysts expect that RealPage will post 1.25 EPS for the current fiscal year.

In other RealPage news, CEO Stephen T. Winn sold 100,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $62.51, for a total transaction of $6,251,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,224,203 shares in the company, valued at $76,524,929.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alfred R. Berkeley III sold 5,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $58.04, for a total transaction of $290,200.00. Following the transaction, the director now owns 25,881 shares of the company’s stock, valued at $1,502,133.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,074,931 shares of company stock valued at $65,084,121. Company insiders own 17.05% of the company’s stock.

Large investors have recently bought and sold shares of the business. Tyers Asset Management LLC grew its holdings in shares of RealPage by 450.0% during the first quarter. Tyers Asset Management LLC now owns 1,056 shares of the software maker’s stock worth $64,000 after buying an additional 864 shares in the last quarter. Manchester Capital Management LLC purchased a new stake in shares of RealPage during the first quarter worth $67,000. Pearl River Capital LLC grew its holdings in shares of RealPage by 1,013.6% during the first quarter. Pearl River Capital LLC now owns 2,372 shares of the software maker’s stock worth $144,000 after buying an additional 2,159 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in shares of RealPage during the first quarter worth $158,000. Finally, Ffcm LLC purchased a new stake in shares of RealPage during the fourth quarter worth $136,000. Institutional investors own 87.78% 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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