Worth Watching: Could RealPage, Inc. See a Reversal After Breaking Its 52-Week High?

Worth Watching: Could RealPage, Inc. See a Reversal After Breaking Its 52 Week High?

The stock of RealPage, Inc. (NASDAQ:RP) hit a new 52-week high and has $35.28 target or 20.00% above today’s $29.40 share price. The 9 months bullish chart indicates low risk for the $2.38 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $35.28 price target is reached, the company will be worth $476.00 million 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 356,101 shares traded hands. RealPage, Inc. (NASDAQ:RP) has risen 41.01% since April 19, 2016 and is uptrending. It has outperformed by 37.15% 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 3 analyst reports since June 8, 2016 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, June 28 by Benchmark. The firm has “Buy” rating by Benchmark given on Monday, November 14. William Blair upgraded RealPage, Inc. (NASDAQ:RP) on Wednesday, June 8 to “Outperform” rating.

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 decreased to 1.26 in Q2 2016. Its down 0.86, from 2.12 in 2016Q1. The ratio fall, 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.
Eqis Cap Mgmt Inc has 26,833 shares for 0.04% of their US portfolio. Moreover, Millennium Llc has 0.01% invested in RealPage, Inc. (NASDAQ:RP) for 280,897 shares. Blue Clay Capital Mngmt Ltd Liability Corp has 1.16% invested in the company for 44,845 shares. The New York-based Goldman Sachs Grp Inc has invested 0% in RealPage, Inc. (NASDAQ:RP). Princeton Alpha Mgmt Lp has invested 0.06% of its portfolio in RealPage, Inc. (NASDAQ:RP). Renaissance Group Limited Company accumulated 0.01% or 12,956 shares. Amp Cap Investors Ltd has invested 0% of its portfolio in RealPage, Inc. (NASDAQ:RP). Frontier Management Ltd Llc last reported 0.08% of its portfolio in the stock. Rs Invest Management Lc holds 0.18% or 781,881 shares in its portfolio. Horizon Kinetics Ltd Liability holds 0.01% of its portfolio in RealPage, Inc. (NASDAQ:RP) for 19,148 shares. The Massachusetts-based Rhumbline Advisers has invested 0% in RealPage, Inc. (NASDAQ:RP). The Massachusetts-based Woodstock has invested 0.04% in RealPage, Inc. (NASDAQ:RP). Stockbridge Partners Lc last reported 5.78% of its portfolio in the stock. Morgan Stanley accumulated 165,837 shares or 0% of the stock. Diam Com Limited has 0.03% invested in the company for 101,626 shares.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 35 selling transactions for $42.94 million net activity. $462,458 worth of shares were sold by Seren Capital – Ltd. on Wednesday, June 1. WINN STEPHEN T sold $2.74M worth of stock or 110,000 shares. Another trade for 2,700 shares valued at $57,078 was sold by BERKELEY ALFRED R III. 6,242 shares were sold by Chaney William P, worth $153,865. $127,717 worth of RealPage, Inc. (NASDAQ:RP) was sold by HILL W BRYAN on Monday, August 22. $205,580 worth of RealPage, Inc. (NASDAQ:RP) was sold by KANE CHARLES 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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