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Upgrade Alert for RealPage (RP)

By Shiri Gupta

RealPage (NASDAQ:RP) was upgraded from Market Perform to Outperform at William Blair today. The stock closed yesterday at $23.27 on volume of 1.2 million shares, above average daily volume of 207,000.

Over the past year, RealPage has traded in a range of $14.87 to $30.84 and closed yesterday at $23.27, 56% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.3%.

RealPage, Inc. provides products and services to the multifamily real estate industry. The Company's services include applicant screening, accounting, budgeting, property management, and compliance reporting. RealPage also develops and delivers proprietary Web-based applications that enhance client information management capabilities.

RealPage (NASDAQ:RP) has potential upside of 3.1% based on a current price of $23.27 and analysts' consensus price target of $24.00. RealPage shares have support at the 50-day moving average (MA) of $20.75 and additional support at the 200-day MA of $19.78.

SmarTrend recommended that subscribers consider buying shares of RealPage on February 24th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.08. Since that recommendation, shares of RealPage have risen 18.2%. We continue to monitor RP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades realpage

Ticker(s): RP