RealPage (RP) is Initiated by The Benchmark Company to Buy, Price Target at $28

RealPage (RP) was Initiated by The Benchmark Company to “Buy” and the brokerage firm has set the Price Target at $28. The Benchmark Company advised their investors in a research report released on Jun 28, 2016.

On the company’s financial health, RealPage reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.16. The company had revenue of $128.00 million for the quarter, compared to analysts expectations of $126.20 million. The company’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

RealPage closed down -0.85 points or -3.86% at $21.18 with 4,17,175 shares getting traded on Monday. Post opening the session at $21.82, the shares hit an intraday low of $21.04 and an intraday high of $21.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 15, 2016, W Bryan Hill (EVP, CFO & Treasurer) sold 3,500 shares at $22.90 per share price. According to the SEC, on May 26, 2016, William P Chaney (EVP Enterprise Solutions) sold 3,445 shares at $21.35 per share price. On May 26, 2016, Charles Kane (director) sold 9,500 shares at $21.64 per share price, according to the Form-4 filing with the securities and exchange commission.

RealPage Inc. is a provider of on demand software and software-enabled solutions for the rental housing industry. The Company’s property management solutions enables owners and managers of single family and multifamily rental property types to manage their marketing pricing screening leasing accounting purchasing and other property operations. Its on demand software solutions are delivered through an integrated software platform that provides a single point of access and a shared repository of prospect renter and property data. By integrating and streamlining different processes and interactions among the rental housing and vacation rental ecosystem of owners managers prospects renters and service providers the Company’s platform facilitates the property management process. The Company also provides solutions that consist of advisory services consulting and training.


Leave a Reply

RealPage - Is it time to Sell?

Top Brokerage Firms are advising their investors on RealPage. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.