RealPage (RP) has risen sharply, recording gains of 4.94% in the past 4 weeks. However, the stock has corrected -0.6% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.87% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.87% and the 50-Day Moving Average is 6.67%. RealPage (NASDAQ:RP): stock turned positive on Friday. Though the stock opened at $24.72, the bulls momentum made the stock top out at $25.18 level for the day. The stock recorded a low of $24.53 and closed the trading day at $25.05, in the green by 1.17%. The total traded volume for the day was 568,041. The stock had closed at $24.76 in the previous days trading.
The company Insiders own 34.61% of RealPage shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.77% . Institutional Investors own 65.76% of RealPage shares. During last six month period, the net percent change held by insiders has seen a change of -1.46%. Also, JMP Securities maintains its rating on RealPage (NASDAQ:RP). The global brokerage major raises the current price target from $28 per share to $35 per share. Analysts at the JMP Securities have a current rating of Market Outperform on the shares. The rating by the firm was issued on August 4, 2016.
RealPage, Inc. is a provider of on demand software and software-enabled solutions for the rental housing industry. The Companys 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 Companys platform facilitates the property management process. The Company also provides solutions that consist of advisory services, consulting and training.