RealPage Inc (NASDAQ:RP) EVP Andrew Blount sold 56,200 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $51.25, for a total value of $2,880,250.00. Following the sale, the executive vice president now owns 185,958 shares in the company, valued at approximately $9,530,347.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Andrew Blount also recently made the following trade(s):
- On Tuesday, March 6th, Andrew Blount sold 56,250 shares of RealPage stock. The stock was sold at an average price of $51.25, for a total value of $2,882,812.50.
Shares of RealPage Inc (RP) traded down $0.10 during midday trading on Wednesday, hitting $52.90. The stock had a trading volume of 616,120 shares, compared to its average volume of 481,083. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.26. RealPage Inc has a 1-year low of $32.30 and a 1-year high of $54.95. The firm has a market cap of $4,437.20, a price-to-earnings ratio of 98.89 and a beta of 1.04.
RealPage (NASDAQ:RP) last released its quarterly earnings results on Tuesday, February 27th. The software maker reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $188.39 million for the quarter, compared to analyst estimates of $186.46 million. RealPage had a return on equity of 8.97% and a net margin of 0.06%. sell-side analysts forecast that RealPage Inc will post 0.97 earnings per share for the current year.
RP has been the topic of several recent research reports. Zacks Investment Research lowered RealPage from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Morgan Stanley upgraded RealPage from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research report on Tuesday, January 30th. KeyCorp upped their target price on RealPage from $53.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “hold” rating and set a $49.00 price target on shares of RealPage in a report on Wednesday, January 17th. Finally, BidaskClub cut RealPage from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $54.00.
Hedge funds have recently made changes to their positions in the business. Advisor Group Inc. grew its stake in shares of RealPage by 210.9% in the 4th quarter. Advisor Group Inc. now owns 2,512 shares of the software maker’s stock valued at $111,000 after purchasing an additional 1,704 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of RealPage in the fourth quarter valued at approximately $162,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of RealPage by 35.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,859 shares of the software maker’s stock valued at $171,000 after buying an additional 1,018 shares in the last quarter. Breton Hill Capital Ltd. purchased a new stake in shares of RealPage in the third quarter valued at approximately $228,000. Finally, Xact Kapitalforvaltning AB acquired a new position in RealPage during the fourth quarter worth $231,000. Institutional investors own 79.90% of the company’s stock.
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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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