In a report released today, Monika Garg from KeyBanc maintained a Buy rating on Realpage (NASDAQ: RP), with a price target of $65. The company’s shares opened today at $58.90, equals to its 52-week high of $58.90.
According to TipRanks.com, Garg is a 5-star analyst with an average return of 27.8% and a 73.3% success rate. Garg covers the Technology sector, focusing on stocks such as Aspen Technology, Oracle Corp, and Guidewire.
Currently, the analyst consensus on Realpage is Strong Buy and the average price target is $61.25, representing a 4.0% upside.
In a report issued on April 20, Stephens also reiterated a Buy rating on the stock with a $59 price target.
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Based on Realpage’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $188 million and GAAP net loss of $20.87 million. In comparison, last year the company earned revenue of $153 million and had a net profit of $8.2 million.
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock.
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RealPage, Inc. provides software and data analytics to the real estate industry. It offers on demand product lines to owners and managers of single family, multifamily, and vacation rental property types to manage property operations like; marketing, pricing, screening, leasing, and accounting, identify opportunities through market intelligence, and gives data-driven insight related to the placement and harvesting of capital. The company’s property management solutions enable property owners and managers to increase revenues and reduce operating costs through higher occupancy, improved pricing methodologies, new sources of revenue from ancillary services, improved collections and more integrated and centralized processes. RealPage was founded by Stephen T. Winn in November 1998 and is headquartered in Carrollton, TX.
