Weakness Seen in RealPage (RP): Stock Tumbles 22.1% – Tale of the Tape

Zacks

RealPage, Inc. (RP) saw a big move last session, as the company’s shares fell over 22% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for RP, as the stock is now down more than 24.7% in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

RP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is zero.

Some better-ranked stocks in the technology sector include Cognizant Technology Solutions Corporation (CTSH), ePlus inc. (PLUS) and MSCI Inc. (MSCI). All these stocks carry a Zacks Rank #2 (Buy).

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