Shares of Rapid7 Inc (NASDAQ:RPD) have received a consensus recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $25.68.
Several research analysts have issued reports on RPD shares. Zacks Investment Research lowered shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Rosenblatt Securities restated a “buy” rating and issued a $23.00 price target on shares of Rapid7 in a research report on Thursday, December 14th. Needham & Company LLC restated a “buy” rating and issued a $30.00 price target (up previously from $23.00) on shares of Rapid7 in a research report on Monday, February 12th. Susquehanna Bancshares lifted their price target on shares of Rapid7 from $22.00 to $28.00 and gave the stock a “positive” rating in a research report on Wednesday, January 24th. Finally, ValuEngine upgraded shares of Rapid7 from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st.
Rapid7 (NASDAQ RPD) traded down $0.58 during midday trading on Friday, hitting $25.84. 1,217,216 shares of the company were exchanged, compared to its average volume of 415,480. Rapid7 has a fifty-two week low of $13.42 and a fifty-two week high of $28.18. The firm has a market capitalization of $1,215.69, a price-to-earnings ratio of -24.38 and a beta of 0.87.
Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Monday, February 12th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.11). The business had revenue of $57.73 million during the quarter, compared to analyst estimates of $57.39 million. Rapid7 had a negative return on equity of 141.69% and a negative net margin of 22.63%. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.13) EPS. analysts anticipate that Rapid7 will post -0.97 earnings per share for the current fiscal year.
In related news, COO Andrew F. Burton sold 19,043 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $24.60, for a total value of $468,457.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Bain Capital Venture Investors sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $21.01, for a total transaction of $42,020,000.00. The disclosure for this sale can be found here. Insiders sold a total of 2,329,043 shares of company stock valued at $49,060,758 in the last ninety days. Company insiders own 56.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Crow Point Partners LLC acquired a new position in Rapid7 in the 4th quarter worth approximately $119,000. Fortaleza Asset Management Inc. acquired a new position in Rapid7 in the 4th quarter worth approximately $160,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Rapid7 in the 3rd quarter worth approximately $187,000. MetLife Investment Advisors LLC acquired a new stake in shares of Rapid7 during the 4th quarter valued at $190,000. Finally, Hamilton Lane Advisors LLC acquired a new stake in shares of Rapid7 during the 4th quarter valued at $207,000. 68.46% of the stock is owned by hedge funds and other institutional investors.
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Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.
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