Revenue Update on RealPage(NASDAQ:RP)

RealPage(NASDAQ:RP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $142.72M. Analysts estimated a revenue of $141.45M. Earnings per share were $0.18. Analysts had estimated an EPS of $0.17.

In a different note, On Jul 20, 2016, Deutsche Bank said it Maintains its rating on RealPage. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Buy’ by the firm. Benchmark said it Initiates Coverage on RealPage, according to a research note issued on Jun 28, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 8, 2016, William Blair said it Upgrades its rating on RealPage. The shares have been rated ‘Outperform’ by the firm.

RealPage (RP) made into the market gainers list on Fridays trading session with the shares advancing 1.17% or 0.29 points. Due to strong positive momentum, the stock ended at $25.05, which is also near the day’s high of $25.18. The stock began the session at $24.72 and the volume stood at 5,68,041 shares. The 52-week high of the shares is $26.44 and the 52 week low is $16.06. The company has a current market capitalization of $2,011 M and it has 8,02,65,176 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Stephen T Winn (director officer 10% owner (Chairman President &) sold 90,000 shares at $22.05 per share price.Also, On Jul 1, 2016, Capital, Ltd. Seren (10% owner) sold 27,000 shares at $22.05 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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