Shares of Rapid7 Inc (NASDAQ:RPD) have earned a consensus rating of “Buy” from the nineteen research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $55.94.
A number of research analysts recently issued reports on the company. Morgan Stanley set a $226.00 price objective on S&P Global and gave the stock a “hold” rating in a report on Friday, May 3rd. DA Davidson reiterated a “buy” rating and set a $90.00 price objective on shares of Lumentum in a report on Monday, May 6th. Robert W. Baird assumed coverage on Carbon Black in a report on Wednesday, April 3rd. They set an “outperform” rating and a $20.00 price objective for the company. Northland Securities reiterated a “buy” rating and set a $100.00 price objective on shares of Fortinet in a report on Friday, May 3rd. Finally, Zacks Investment Research downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th.
In related news, Director Michael J. Berry sold 20,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $50.14, for a total transaction of $1,002,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas E. Schodorf sold 600 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $49.45, for a total value of $29,670.00. The disclosure for this sale can be found here. Insiders have sold 130,137 shares of company stock valued at $6,705,192 over the last three months. Insiders own 4.90% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RPD. SQN Investors LP lifted its position in shares of Rapid7 by 260.8% in the fourth quarter. SQN Investors LP now owns 1,567,865 shares of the technology company’s stock valued at $48,855,000 after buying an additional 1,133,289 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Rapid7 in the fourth quarter valued at approximately $27,223,000. Pictet Asset Management Ltd. acquired a new stake in shares of Rapid7 in the first quarter valued at approximately $21,259,000. First Trust Advisors LP lifted its position in shares of Rapid7 by 305.0% in the first quarter. First Trust Advisors LP now owns 423,415 shares of the technology company’s stock valued at $21,429,000 after buying an additional 318,869 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in shares of Rapid7 in the fourth quarter valued at approximately $9,237,000. 88.90% of the stock is owned by institutional investors.
Shares of Rapid7 stock traded up $0.22 during trading hours on Friday, hitting $62.93. The company’s stock had a trading volume of 9,443 shares, compared to its average volume of 689,347. Rapid7 has a 12 month low of $26.27 and a 12 month high of $63.02. The stock has a 50 day simple moving average of $54.74. The company has a market capitalization of $3.02 billion, a P/E ratio of -62.34 and a beta of 1.18. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.18.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.24. The company had revenue of $73.20 million during the quarter, compared to the consensus estimate of $69.86 million. Rapid7 had a negative return on equity of 46.34% and a negative net margin of 19.35%. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) earnings per share. As a group, research analysts anticipate that Rapid7 will post -0.61 earnings per share for the current fiscal year.
Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable 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.
Further Reading: Preferred Stock
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