Benchmark Initiates Coverage on RealPage to Buy

Benchmark Initiates Coverage on RealPage(NASDAQ:RP). The shares have been rated Buy. The rating by Benchmark was issued on Jun 28, 2016.

In a different note, On Jun 8, 2016, William Blair said it Upgrades its rating on RealPage. The shares have been rated ‘Outperform’ by the firm. On May 5, 2016, Credit Suisse said it Maintains its rating on RealPage. In the research note, the firm Raises the price-target to $17.00 per share. The shares have been rated ‘Underperform’ by the firm.

RealPage (RP) shares turned negative on Fridays trading session with the shares closing down -0.12 points or -0.54% at a volume of 2,28,271. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.5. The peak price level was also seen at $22.5 while the days lowest was $22.1. Finally the shares closed at $22.21. The 52-week high of the shares is $23.98 while the 52-week low is $16.06. According to the latest information available, the market cap of the company is $1,777 M.

RealPage(RP) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $128.38M. Analysts had an estimated revenue of $126.23M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.16.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Stephen T Winn (director officer 10% owner (Chairman President &) sold 100,000 shares at $22.78 per share price.Also, On Jun 15, 2016, Capital, Ltd. Seren (10% owner) sold 30,000 shares at $22.78 per share price.On Jun 15, 2016, W Bryan Hill (EVP, CFO & Treasurer) sold 3,500 shares at $22.90 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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