RPD has been the subject of a number of other research reports. Zacks Investment Research lowered Rapid7 from a hold rating to a sell rating in a research report on Saturday. Cowen reduced their price target on shares of Rapid7 from $70.00 to $55.00 and set an outperform rating for the company in a research note on Tuesday, April 21st. Robert W. Baird reiterated a buy rating on shares of Rapid7 in a research note on Friday, May 8th. Mizuho upped their target price on Rapid7 from $50.00 to $53.00 and gave the stock a buy rating in a research report on Friday, May 8th. Finally, Morgan Stanley increased their price target on Rapid7 from $43.00 to $50.00 and gave the company an equal weight rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $60.64.
Shares of NASDAQ:RPD opened at $51.02 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 3.40. The company’s 50-day moving average price is $48.34 and its 200 day moving average price is $50.31. The company has a market cap of $2.55 billion, a PE ratio of -38.65 and a beta of 1.11. Rapid7 has a fifty-two week low of $31.34 and a fifty-two week high of $66.01.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.09) EPS for the quarter, meeting the consensus estimate of ($0.09). The company had revenue of $94.34 million for the quarter, compared to analyst estimates of $93.82 million. Rapid7 had a negative net margin of 18.70% and a negative return on equity of 55.85%. Rapid7’s revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 earnings per share. As a group, equities analysts anticipate that Rapid7 will post -1.29 EPS for the current year.
In other news, insider Lee David Weiner sold 11,205 shares of Rapid7 stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $46.32, for a total transaction of $519,015.60. Following the transaction, the insider now owns 160,369 shares in the company, valued at $7,428,292.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 11,580 shares of company stock worth $535,503 in the last three months. 4.60% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in Rapid7 by 0.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 76,643 shares of the technology company’s stock valued at $4,294,000 after purchasing an additional 279 shares during the last quarter. Amalgamated Bank increased its holdings in Rapid7 by 4.7% in the fourth quarter. Amalgamated Bank now owns 8,889 shares of the technology company’s stock worth $498,000 after buying an additional 396 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV increased its holdings in Rapid7 by 5.6% in the first quarter. Acorn Financial Advisory Services Inc. ADV now owns 9,323 shares of the technology company’s stock worth $404,000 after buying an additional 491 shares during the last quarter. Private Capital Group LLC raised its position in Rapid7 by 72.2% during the first quarter. Private Capital Group LLC now owns 1,245 shares of the technology company’s stock valued at $54,000 after acquiring an additional 522 shares in the last quarter. Finally, Brinker Capital Inc. lifted its stake in Rapid7 by 2.3% in the fourth quarter. Brinker Capital Inc. now owns 23,199 shares of the technology company’s stock valued at $1,300,000 after acquiring an additional 527 shares during the last quarter. Institutional investors and hedge funds own 91.87% 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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