Rapid7 Inc (NASDAQ:RPD) has earned a consensus rating of “Buy” from the seventeen research firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $36.00.
RPD has been the topic of several research analyst reports. Morgan Stanley set a $35.00 price objective on Rapid7 and gave the company a “hold” rating in a research note on Wednesday, November 7th. BidaskClub upgraded Rapid7 from a “hold” rating to a “buy” rating in a research note on Tuesday, December 11th. Stifel Nicolaus upped their price objective on Rapid7 from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Monness Crespi & Hardt upped their price objective on Rapid7 from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, November 7th. Finally, Berenberg Bank initiated coverage on Rapid7 in a research note on Thursday, November 29th. They issued a “buy” rating and a $41.00 price objective on the stock.
RPD opened at $35.49 on Friday. Rapid7 has a 52-week low of $21.18 and a 52-week high of $39.40. The stock has a market cap of $1.67 billion, a P/E ratio of -33.80 and a beta of 0.85. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.83 and a current ratio of 1.83.
Rapid7 (NASDAQ:RPD) last released its earnings results on Tuesday, November 6th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.05. Rapid7 had a negative return on equity of 76.86% and a negative net margin of 23.83%. The business had revenue of $62.40 million for the quarter, compared to analyst estimates of $59.50 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. Rapid7’s revenue was up 23.6% on a year-over-year basis. Equities research analysts predict that Rapid7 will post -1.02 EPS for the current year.
In other news, Director Benjamin Nye sold 2,182,713 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $33.00, for a total value of $72,029,529.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jeffrey Kalowski sold 10,012 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $34.22, for a total value of $342,610.64. The disclosure for this sale can be found here. Insiders sold 2,221,685 shares of company stock worth $73,293,780 in the last ninety days. 25.60% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Centaurus Financial Inc. acquired a new stake in Rapid7 during the second quarter worth approximately $169,000. Ibex Investors LLC acquired a new stake in Rapid7 during the third quarter worth approximately $210,000. People s United Financial Inc. acquired a new stake in Rapid7 during the third quarter worth approximately $259,000. Verition Fund Management LLC acquired a new stake in Rapid7 during the second quarter worth approximately $327,000. Finally, Harvest Fund Management Co. Ltd grew its position in Rapid7 by 598.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 8,918 shares of the technology company’s stock worth $329,000 after buying an additional 7,642 shares in the last quarter. 83.43% of the stock is currently owned by institutional investors.
Rapid7 Company Profile
Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.
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