Wall Street brokerages predict that Rapid7 Inc (NASDAQ:RPD) will report ($0.18) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Rapid7’s earnings, with the lowest EPS estimate coming in at ($0.21) and the highest estimate coming in at ($0.16). Rapid7 reported earnings per share of ($0.14) in the same quarter last year, which would suggest a negative year over year growth rate of 28.6%. The business is scheduled to report its next quarterly earnings results after the market closes on Tuesday, May 8th.
On average, analysts expect that Rapid7 will report full year earnings of ($0.49) per share for the current year, with EPS estimates ranging from ($0.55) to ($0.44). For the next year, analysts forecast that the firm will post earnings of ($0.10) per share, with EPS estimates ranging from ($0.35) to $0.06. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Rapid7.
Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Monday, February 12th. The technology company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.11). Rapid7 had a negative net margin of 22.63% and a negative return on equity of 141.69%. The company had revenue of $57.73 million for the quarter, compared to the consensus estimate of $57.39 million. During the same period in the previous year, the business earned ($0.13) EPS. Rapid7’s revenue for the quarter was up 28.2% compared to the same quarter last year.
A number of equities research analysts recently weighed in on the company. BidaskClub raised Rapid7 from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Morgan Stanley raised their price objective on Rapid7 from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 13th. BTIG Research began coverage on Rapid7 in a research report on Friday. They set a “buy” rating and a $34.00 price objective on the stock. Stifel Nicolaus began coverage on Rapid7 in a report on Wednesday, February 28th. They issued a “buy” rating and a $32.00 price target for the company. Finally, ValuEngine raised Rapid7 from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Rapid7 has a consensus rating of “Buy” and a consensus price target of $26.32.
In other news, Chairman Alan Matthews sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $22.06, for a total value of $441,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andrew F. Burton sold 19,043 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $24.60, for a total value of $468,457.80. The disclosure for this sale can be found here. In the last three months, insiders sold 3,364,381 shares of company stock valued at $75,944,550. Corporate insiders own 56.90% of the company’s stock.
Large investors have recently made changes to their positions in the company. Crow Point Partners LLC purchased a new position in shares of Rapid7 in the fourth quarter worth about $119,000. Fortaleza Asset Management Inc. purchased a new position in shares of Rapid7 in the fourth quarter worth about $160,000. MetLife Investment Advisors LLC purchased a new position in shares of Rapid7 in the fourth quarter worth about $190,000. Hamilton Lane Advisors LLC purchased a new position in shares of Rapid7 in the fourth quarter worth about $207,000. Finally, Ardsley Advisory Partners purchased a new position in shares of Rapid7 in the fourth quarter worth about $224,000. Hedge funds and other institutional investors own 67.77% of the company’s stock.
RPD stock traded up $0.53 during trading on Monday, reaching $27.79. 448,109 shares of the company traded hands, compared to its average volume of 380,962. Rapid7 has a 12 month low of $14.74 and a 12 month high of $28.18. The company has a market cap of $1,254.35, a P/E ratio of -26.47 and a beta of 0.89.
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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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