Other equities analysts have also issued reports about the stock. Robert W. Baird restated a “buy” rating and set a $72.00 target price on shares of Rapid7 in a research report on Tuesday, November 5th. Zacks Investment Research lowered shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Needham & Company LLC restated a “buy” rating and set a $72.00 target price on shares of Rapid7 in a research report on Tuesday, November 5th. Royal Bank of Canada raised their target price on shares of Rapid7 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, ValuEngine lowered shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $63.33.
Shares of RPD traded up $1.35 during mid-day trading on Friday, reaching $54.49. 587,218 shares of the company’s stock were exchanged, compared to its average volume of 611,330. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $2.64 billion, a PE ratio of -53.95 and a beta of 1.21. The business’s fifty day simple moving average is $49.27 and its 200-day simple moving average is $53.64. Rapid7 has a 52-week low of $26.27 and a 52-week high of $66.01.
Rapid7 (NASDAQ:RPD) last announced its earnings results on Tuesday, November 5th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.20. The business had revenue of $83.20 million for the quarter, compared to analyst estimates of $80.11 million. Rapid7 had a negative net margin of 17.27% and a negative return on equity of 40.74%. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) earnings per share. Equities research analysts predict that Rapid7 will post -0.67 earnings per share for the current year.
In other Rapid7 news, Director Judy Bruner sold 2,500 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $50.97, for a total value of $127,425.00. Following the completion of the sale, the director now owns 30,942 shares of the company’s stock, valued at $1,577,113.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Andrew F. Burton sold 49,438 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $51.61, for a total value of $2,551,495.18. Over the last ninety days, insiders have sold 85,375 shares of company stock valued at $4,452,498. Corporate insiders own 4.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Cannell Peter B & Co. Inc. acquired a new stake in Rapid7 in the second quarter valued at $8,109,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Rapid7 by 30.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,364 shares of the technology company’s stock valued at $137,000 after acquiring an additional 554 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Rapid7 by 32.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 34,713 shares of the technology company’s stock worth $2,008,000 after buying an additional 8,543 shares during the last quarter. Morgan Stanley raised its stake in shares of Rapid7 by 74.5% during the 2nd quarter. Morgan Stanley now owns 55,627 shares of the technology company’s stock worth $3,218,000 after buying an additional 23,758 shares during the last quarter. Finally, Axiom International Investors LLC DE acquired a new position in shares of Rapid7 during the 2nd quarter worth $5,074,000. 92.22% of the stock is owned by institutional investors.
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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