Market Runner: Will RealPage, Inc. Run Out of Steam Soon?

Market Runner: Will RealPage, Inc. Run Out of Steam Soon?

The stock of RealPage, Inc. (NASDAQ:RP) hit a new 52-week high and has $45.56 target or 61.00% above today’s $28.30 share price. The 9 months bullish chart indicates low risk for the $2.31 billion company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $45.56 price target is reached, the company will be worth $1.41 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 60,976 shares traded hands. RealPage, Inc. (NASDAQ:RP) has risen 34.33% since April 1, 2016 and is uptrending. It has outperformed by 33.11% the S&P500.

RealPage, Inc. (NASDAQ:RP) Ratings Coverage

Out of 2 analysts covering RealPage (NASDAQ:RP), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. RealPage has been the topic of 2 analyst reports since June 8, 2016 according to StockzIntelligence Inc. The stock has “Buy” rating given by Benchmark on Tuesday, June 28. The rating was upgraded by William Blair on Wednesday, June 8 to “Outperform”.

According to Zacks Investment Research, “RealPage, Inc. provides on-demand property management solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. The Company’s products include OneSite Solutions, to increase occupancy and reduce operating expenses through streamlined operations; CrossFire, a sales and marketing system to capture more leads, manage and retain more residents, and provide residents with the means to sign up for utilities and other services; YieldStar, to optimize asset values through revenue management, portfolio management, and market intelligence; LeasingDesk, a risk mitigation system; Velocity, to generate comprehensive utility and convergent bills for properties and deliver superior submetering services; OpsTechnology, a spend management system. RealPage, Inc. is headquartered in Carrollton, Texas.”

Insitutional Activity: The institutional sentiment increased to 2.12 in Q2 2016. Its up 0.74, from 1.38 in 2016Q1. The ratio improved, as 11 funds sold all RealPage, Inc. shares owned while 31 reduced positions. 26 funds bought stakes while 63 increased positions. They now own 50.64 million shares or 1.02% less from 51.16 million shares in 2016Q1.
Alliancebernstein L P holds 0% or 86,400 shares in its portfolio. Thrivent For Lutherans accumulated 137,040 shares or 0.01% of the stock. Hancock Hldgs has invested 0.37% of its portfolio in RealPage, Inc. (NASDAQ:RP). Millennium Mgmt accumulated 0.01% or 280,897 shares. State Street has invested 0% of its portfolio in RealPage, Inc. (NASDAQ:RP). Dimensional Fund Advsrs L P, a Texas-based fund reported 15,403 shares. Menta Lc accumulated 0.13% or 41,879 shares. Tower Rech Ltd (Trc) has 4,370 shares for 0.01% of their US portfolio. Disciplined Growth Invsts Inc Mn, a Minnesota-based fund reported 1.90 million shares. Moreover, Rothschild Asset has 0.35% invested in RealPage, Inc. (NASDAQ:RP) for 864,993 shares. The Georgia-based Invesco Limited has invested 0% in RealPage, Inc. (NASDAQ:RP). Moreover, Zacks Investment has 0.06% invested in RealPage, Inc. (NASDAQ:RP) for 85,622 shares. Moreover, California State Teachers Retirement has 0.01% invested in RealPage, Inc. (NASDAQ:RP) for 113,358 shares. Blackrock Advsrs Llc last reported 25,518 shares in the company. Simcoe Capital Limited Liability has invested 2.92% of its portfolio in RealPage, Inc. (NASDAQ:RP).

Insider Transactions: Since May 11, 2016, the stock had 0 insider buys, and 36 insider sales for $35.80 million net activity. $57,078 worth of RealPage, Inc. (NASDAQ:RP) shares were sold by BERKELEY ALFRED R III. Seren Capital – Ltd. had sold 21,000 shares worth $462,458 on Wednesday, June 1. Another trade for 3,445 shares valued at $73,551 was sold by Chaney William P. The insider WINN STEPHEN T sold 110,000 shares worth $2.74M. 3,500 shares were sold by HILL W BRYAN, worth $80,150 on Monday, June 13. KANE CHARLES sold $205,580 worth of RealPage, Inc. (NASDAQ:RP) on Tuesday, May 24.

Another recent and important RealPage, Inc. (NASDAQ:RP) news was published by Bizjournals.com which published an article titled: “Executive Ashley Glover rejoins RealPage, Inc.” on August 04, 2016.

RP Company Profile

RealPage, Inc., incorporated on December 30, 2003, is a well-known 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. The Company’s 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 Firm also provides solutions that consist of advisory services, consulting and training.

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