Long Position on RP @ $66.00 on 5/26/2020 (Fundamentals)

RealPage, Inc. (RP) provides software and data analytics for the real estate industry in the United States.

It offers OneSite that generates lease documents, manages service requests, measures acuity of senior residents, enables senior community management, and manages procurement activities; and Propertyware, which offers accounting, maintenance and work order management, marketing, spend management, and portal services, as well as screening and payment solutions.

Upward Trading Channel on $ RPThe company also provides Buildium that offers customer support and rapid self-provisioning services; RealPage Financial Services for back office accounting; Kigo, a vacation rental property management system; Spend Management solutions, that enables property owners and managers to control costs; SmartSource IT offers outsourced IT management and support services; and EasyLMS, a learning management system.

In addition, it offers Online Leasing, Contact Center, Websites and Syndication, Intelligent Lease Management, LeaseLabs, AI Resident Screening, and MyNewPlace solutions that manage leasing and marketing processes, including Websites and syndication, paid lead generation, organic lead generation, lead management, automated lead closure, lead analytics, real-time unit availability, automated online apartment leasing, applicant screening, and creative content design.

Further, the company provides resident services solutions, such as Resident Utility Management, SimpleBills, Resident Payments, ActiveBuilding, Contact Center Maintenance, and Renter's Insurance for utility billing, renter payment processing, service requests, lease renewals, renter's insurance, and consulting and advisory services; asset optimization solutions covering YieldStar Revenue Management, Business Intelligence, And Asset And Investment Management Platforms; and professional services, such as consulting and implementation, as well as training programs. RealPage, Inc. was founded in 1998 and is headquartered in Richardson, Texas.

The company reported earnings and beat its expected earnings and matched revenues. Shares are rebounding from their 30-day moving average (see chart) following last week's sales of convertible bonds and stock.

Entry point: $66.00

52-week trade range: $36.91 - $67.25

Stop/Loss: $63.00

Target Price: $72.60

 

Updates

11/30/2020 12:27:33 PM

RP closed at $68.50

Position closed on 11/30/2020 at price of $68.50 with a 3.79% gain in 188 days.

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