Equities research analysts forecast that Rapid7 Inc (NASDAQ:RPD) will post earnings per share (EPS) of ($0.02) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Rapid7’s earnings. The lowest EPS estimate is ($0.03) and the highest is $0.02. Rapid7 posted earnings per share of ($0.04) in the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that Rapid7 will report full-year earnings of $0.05 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.06. For the next financial year, analysts forecast that the business will post earnings of $0.37 per share, with EPS estimates ranging from $0.25 to $0.51. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Rapid7.
Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.26. The company had revenue of $78.96 million during the quarter, compared to the consensus estimate of $75.14 million. Rapid7 had a negative return on equity of 39.52% and a negative net margin of 17.63%. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.13) EPS.
Several research firms have recently weighed in on RPD. Zacks Investment Research downgraded Rapid7 from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. BidaskClub downgraded Rapid7 from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays reiterated a “buy” rating and set a $69.00 price target on shares of Rapid7 in a research note on Thursday, July 18th. Morgan Stanley raised their target price on Rapid7 from $51.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC raised their target price on Rapid7 from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Rapid7 has an average rating of “Buy” and an average target price of $62.24.
Shares of RPD stock traded up $0.07 on Monday, hitting $53.48. 917,900 shares of the stock were exchanged, compared to its average volume of 606,475. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 2.87. The firm has a market capitalization of $2.67 billion, a PE ratio of -52.95 and a beta of 1.18. Rapid7 has a one year low of $26.27 and a one year high of $66.01. The firm’s 50 day moving average is $60.10 and its two-hundred day moving average is $52.58.
In related news, CEO Corey E. Thomas sold 50,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $51.31, for a total transaction of $2,565,500.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Timothy P. Mcadam sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $52.51, for a total value of $525,100.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,100 shares of company stock valued at $5,144,691. Corporate insiders own 4.90% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Rapid7 by 26.2% in the 2nd quarter. BlackRock Inc. now owns 3,421,810 shares of the technology company’s stock worth $197,918,000 after purchasing an additional 710,437 shares during the period. Nuveen Asset Management LLC increased its stake in Rapid7 by 772.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 507,731 shares of the technology company’s stock worth $29,367,000 after purchasing an additional 449,537 shares during the period. Pictet Asset Management Ltd. purchased a new position in Rapid7 in the 1st quarter worth approximately $21,259,000. Vanguard Group Inc. increased its stake in Rapid7 by 10.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,101,944 shares of the technology company’s stock worth $237,256,000 after purchasing an additional 400,958 shares during the period. Finally, Allianz Asset Management GmbH increased its stake in Rapid7 by 52.9% in the 2nd quarter. Allianz Asset Management GmbH now owns 1,044,389 shares of the technology company’s stock worth $60,407,000 after purchasing an additional 361,259 shares during the period. 88.27% 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 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.
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