Rapid7 (NASDAQ:RPD) had its price objective trimmed by Raymond James from $75.00 to $72.00 in a research report released on Tuesday morning, BenzingaRatingsTable reports. The firm currently has a strong-buy rating on the technology company’s stock.
Several other equities analysts also recently weighed in on the company. BidaskClub downgraded Rapid7 from a buy rating to a hold rating in a research report on Friday, February 7th. Robert W. Baird reiterated a buy rating and set a $72.00 target price on shares of Rapid7 in a research report on Tuesday. Zacks Investment Research downgraded Rapid7 from a hold rating to a sell rating in a research report on Wednesday, January 8th. Piper Jaffray Companies started coverage on Rapid7 in a research report on Monday, December 9th. They set an overweight rating and a $67.00 target price on the stock. Finally, Needham & Company LLC reiterated a buy rating and set a $72.00 target price on shares of Rapid7 in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $65.61.
Shares of NASDAQ:RPD opened at $55.23 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.97. Rapid7 has a 52-week low of $42.83 and a 52-week high of $66.01. The stock’s fifty day simple moving average is $60.21 and its 200-day simple moving average is $54.67. The company has a market capitalization of $2.73 billion, a P/E ratio of -50.21 and a beta of 1.22.
Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Monday, February 10th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. Rapid7 had a negative return on equity of 41.54% and a negative net margin of 16.47%. The business had revenue of $91.65 million for the quarter, compared to the consensus estimate of $88.21 million. During the same period in the prior year, the business earned ($0.05) earnings per share. The business’s revenue was up 33.3% on a year-over-year basis. On average, sell-side analysts anticipate that Rapid7 will post -0.56 earnings per share for the current year.
In other Rapid7 news, insider Christina Luconi sold 8,088 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $55.34, for a total transaction of $447,589.92. Following the completion of the sale, the insider now directly owns 140,685 shares in the company, valued at $7,785,507.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Judy Bruner sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $55.00, for a total value of $137,500.00. Following the sale, the director now owns 30,942 shares of the company’s stock, valued at $1,701,810. The disclosure for this sale can be found here. Insiders have sold 91,088 shares of company stock valued at $5,014,670 over the last 90 days. 4.90% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in the business. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Rapid7 by 26.4% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the technology company’s stock valued at $61,000 after buying an additional 217 shares in the last quarter. Signaturefd LLC grew its stake in shares of Rapid7 by 125.0% in the third quarter. Signaturefd LLC now owns 1,800 shares of the technology company’s stock valued at $82,000 after buying an additional 1,000 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Rapid7 in the fourth quarter valued at about $109,000. Tower Research Capital LLC TRC grew its stake in shares of Rapid7 by 1,438.9% in the third quarter. Tower Research Capital LLC TRC now owns 2,970 shares of the technology company’s stock valued at $135,000 after buying an additional 2,777 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Rapid7 in the fourth quarter valued at about $149,000. Institutional investors own 90.27% of the company’s stock.
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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