RealPage (RP) is Resumed by Credit Suisse to Underperform

RealPage (RP) was Resumed by Credit Suisse to “Underperform”. Credit Suisse advised their investors in a research report released on Aug 4, 2016.

Many Wall Street Analysts have commented on RealPage. Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 27 from a previous price target of $23 .The Benchmark Company Initiated RealPage on Jun 28, 2016 to “Buy”, Price Target of the shares are set at $28.

On the company’s financial health, RealPage reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.17. The company had revenue of $142.50 million for the quarter, compared to analysts expectations of $141.42 million. The company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

RealPage closed down -0.41 points or -1.63% at $24.78 with 2,68,931 shares getting traded on Tusday. Post opening the session at $25.23, the shares hit an intraday low of $24.75 and an intraday high of $25.23 and the price fluctuated in this range throughout the day.Shares ended Tusday 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.


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