Trading Report: Today, Credit Suisse Group AG Analysts Give RealPage Inc. (RP) a $24.00 Price Target

Today, Credit Suisse Group AG Analysts Give RealPage Inc. (RP) a $24.00 Price Target

RealPage Inc. (NASDAQ:RP) has been assigned a $24.00 target price by stock analysts at Credit Suisse Group AG in a research note issued to investors on Sunday. The firm presently has a “sell” rating on the stock. Credit Suisse Group AG’s target price would suggest a potential downside of 16.38% from the company’s previous close.

Several other equities analysts have also recently commented on RP. Deutsche Bank AG restated a “buy” rating and issued a $30.00 target price (down from $32.00) on shares of RealPage in a research report on Friday, November 4th. Benchmark Co. restated a “buy” rating and issued a $30.00 target price on shares of RealPage in a research report on Friday, November 4th. Stephens began coverage on shares of RealPage in a research report on Wednesday, October 19th. They issued an “overweight” rating for the company. JMP Securities restated a “buy” rating on shares of RealPage in a research report on Tuesday, September 20th. Finally, Zacks Investment Research cut shares of RealPage from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.71.

Shares of RealPage (NASDAQ:RP) traded down 1.20% during trading on Friday, reaching $28.70. 120,000 shares of the company’s stock were exchanged. The stock has a market cap of $2.31 billion, a PE ratio of 168.82 and a beta of 0.96. The stock’s 50 day moving average price is $27.04 and its 200-day moving average price is $24.69. RealPage has a 52-week low of $16.06 and a 52-week high of $29.75.

RealPage (NASDAQ:RP) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. RealPage had a net margin of 2.44% and a return on equity of 9.75%. The business earned $147.80 million during the quarter, compared to analysts’ expectations of $147.07 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue was up 21.6% on a year-over-year basis. On average, equities research analysts forecast that RealPage will post $0.74 EPS for the current year.

In other RealPage news, major shareholder Seren Capital, Ltd. sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $25.58, for a total transaction of $230,220.00. Following the sale, the insider now directly owns 19,600,416 shares of the company’s stock, valued at approximately $501,378,641.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alfred R. Berkeley III sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $29.35, for a total transaction of $293,500.00. Following the sale, the director now directly owns 39,309 shares in the company, valued at $1,153,719.15. The disclosure for this sale can be found here. Corporate insiders own 33.24% of the company’s stock.

Large investors have recently bought and sold shares of the company. Eagle Asset Management raised its stake in RealPage by 108.9% in the third quarter. Eagle Asset Management now owns 4,070,196 shares of the company’s stock worth $67,646,000 after buying an additional 2,121,911 shares during the last quarter. Federated Investors Inc. PA acquired a new stake in RealPage during the fourth quarter worth $2,703,000. Kornitzer Capital Management Inc. KS raised its stake in RealPage by 1.5% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 373,661 shares of the company’s stock worth $8,389,000 after buying an additional 5,515 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in RealPage by 17.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 89,752 shares of the company’s stock worth $2,015,000 after buying an additional 13,152 shares during the last quarter. Finally, Sei Investments Co. raised its stake in RealPage by 1.4% in the fourth quarter. Sei Investments Co. now owns 151,058 shares of the company’s stock worth $3,392,000 after buying an additional 2,108 shares during the last quarter. 66.45% of the stock is currently owned by hedge funds and other institutional investors.

About RealPage

Related posts

Leave a Comment