RealPage (NASDAQ:RP) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $1.73-1.77 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.76. The company issued revenue guidance of $987-995 million, compared to the consensus revenue estimate of $991.41 million.RealPage also updated its Q3 guidance to $0.44-0.46 EPS.
Several equities research analysts recently issued reports on RP shares. Keefe, Bruyette & Woods started coverage on shares of RealPage in a report on Tuesday, July 9th. They issued an outperform rating and a $74.00 target price on the stock. Zacks Investment Research cut shares of RealPage from a buy rating to a hold rating in a report on Wednesday, July 10th. KeyCorp started coverage on shares of RealPage in a report on Tuesday, July 16th. They issued an overweight rating and a $76.00 target price on the stock. ValuEngine cut shares of RealPage from a buy rating to a hold rating in a report on Saturday, May 4th. Finally, BidaskClub upgraded shares of RealPage from a hold rating to a buy rating in a report on Saturday, July 27th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $66.67.
RP stock traded down $0.13 on Thursday, hitting $62.35. The company had a trading volume of 986,400 shares, compared to its average volume of 671,413. RealPage has a 12-month low of $42.90 and a 12-month high of $66.25. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $61.42. The company has a market capitalization of $5.91 billion, a PE ratio of 56.68 and a beta of 1.40.
In other news, major shareholder Seren Capital, Ltd. sold 200,000 shares of RealPage stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $59.90, for a total transaction of $11,980,000.00. Following the transaction, the insider now owns 10,165,109 shares in the company, valued at approximately $608,890,029.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen T. Winn sold 150,000 shares of RealPage stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $59.21, for a total transaction of $8,881,500.00. Following the transaction, the chief executive officer now owns 1,217,538 shares in the company, valued at approximately $72,090,424.98. The disclosure for this sale can be found here. Insiders sold 981,793 shares of company stock worth $57,315,347 in the last 90 days. 17.05% of the stock is currently owned by corporate insiders.
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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