Media stories about RealPage (NASDAQ:RP) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RealPage earned a news sentiment score of 0.46 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 16 out of 100, meaning that recent press coverage is very unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- RealPage, Inc. (RP) CEO Sells $1,101,279.90 in Stock (americanbankingnews.com)
- RealPage, Inc. (RP) Major Shareholder Sells $3,732,724.80 in Stock (americanbankingnews.com)
- RealPage, Inc. (RP) Major Shareholder Sells $1,887,908.40 in Stock (americanbankingnews.com)
- Andrew Blount Sells 17,500 Shares of RealPage, Inc. (RP) Stock (americanbankingnews.com)
- Tiemann Investment Advisors LLC Has $686000 Stake in Verizon Communications Inc. (VZ) (famososartistas.com)
Shares of RealPage (RP) traded up 4.86% during midday trading on Friday, hitting $39.90. 824,998 shares of the stock traded hands. The company’s 50-day moving average is $38.20 and its 200 day moving average is $35.56. The firm has a market capitalization of $3.15 billion, a PE ratio of 124.69 and a beta of 1.11. RealPage has a 52 week low of $23.69 and a 52 week high of $43.65.
RealPage (NASDAQ:RP) last issued its earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The firm had revenue of $161.30 million for the quarter, compared to the consensus estimate of $160.02 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. Analysts anticipate that RealPage will post $0.93 earnings per share for the current year.
RP has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. JMP Securities reissued an “outperform” rating and set a $43.00 price objective on shares of RealPage in a research report on Friday, May 5th. Deutsche Bank AG reissued a “buy” rating and set a $42.00 price objective (up previously from $40.00) on shares of RealPage in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $38.00 target price on shares of RealPage in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $39.83.
In related news, EVP Andrew Blount sold 17,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $39.87, for a total transaction of $697,725.00. Following the completion of the transaction, the executive vice president now owns 179,857 shares in the company, valued at $7,170,898.59. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Seren Capital, Ltd. sold 95,760 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $34.41, for a total transaction of $3,295,101.60. Following the transaction, the insider now owns 18,869,256 shares of the company’s stock, valued at approximately $649,291,098.96. The disclosure for this sale can be found here. Insiders have sold 1,445,920 shares of company stock valued at $52,336,784 over the last three months. 33.24% of the stock is owned by corporate insiders.
RealPage Company Profile
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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