Rapid7 (NASDAQ:RPD) had its target price boosted by KeyCorp from $50.00 to $60.00 in a research report sent to investors on Monday morning, AnalystRatings.com reports. The firm currently has an overweight rating on the technology company’s stock.
Other research analysts also recently issued reports about the company. Barclays increased their target price on Rapid7 from $48.00 to $61.00 and gave the company an overweight rating in a research report on Friday. DA Davidson increased their target price on Rapid7 to $40.00 and gave the company a neutral rating in a research report on Friday, February 8th. They noted that the move was a valuation call. Mizuho began coverage on Rapid7 in a research report on Tuesday, March 26th. They set a buy rating and a $59.00 target price for the company. BTIG Research upgraded Rapid7 from a neutral rating to a buy rating and set a $42.00 target price for the company in a research report on Tuesday, January 15th. Finally, Monness Crespi & Hardt restated a buy rating and set a $49.00 price target (up previously from $41.00) on shares of Rapid7 in a report on Friday, February 8th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $48.13.
NASDAQ RPD opened at $51.90 on Monday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.00. The company has a market cap of $2.54 billion, a PE ratio of -51.39 and a beta of 1.20. Rapid7 has a one year low of $26.27 and a one year high of $53.87.
Rapid7 (NASDAQ:RPD) last posted its earnings results on Thursday, February 7th. The technology company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The firm had revenue of $70.64 million during the quarter, compared to the consensus estimate of $66.66 million. Rapid7 had a negative return on equity of 57.61% and a negative net margin of 22.76%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.17) EPS. On average, sell-side analysts expect that Rapid7 will post -0.49 EPS for the current year.
In other Rapid7 news, COO Andrew F. Burton sold 15,360 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $44.89, for a total value of $689,510.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vii Lp Tcv sold 87,696 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $45.63, for a total value of $4,001,568.48. The disclosure for this sale can be found here. Insiders have sold a total of 162,955 shares of company stock worth $7,410,923 in the last 90 days. 25.60% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Weiss Multi Strategy Advisers LLC purchased a new stake in Rapid7 in the fourth quarter worth $1,558,000. Caxton Associates LP purchased a new position in shares of Rapid7 during the fourth quarter valued at $248,000. Breakline Capital LLC increased its stake in shares of Rapid7 by 15.1% during the fourth quarter. Breakline Capital LLC now owns 69,264 shares of the technology company’s stock valued at $2,158,000 after buying an additional 9,082 shares during the period. AQR Capital Management LLC increased its stake in shares of Rapid7 by 155.9% during the third quarter. AQR Capital Management LLC now owns 101,097 shares of the technology company’s stock valued at $3,733,000 after buying an additional 61,596 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Rapid7 by 8.6% during the third quarter. Renaissance Technologies LLC now owns 1,085,596 shares of the technology company’s stock valued at $40,080,000 after buying an additional 86,396 shares during the period. Institutional investors and hedge funds own 86.12% 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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