Zacks: Brokerages Expect Rapid7, Inc. (RPD) to Post -$0.17 Earnings Per Share
Equities research analysts expect that Rapid7, Inc. (NASDAQ:RPD) will announce earnings of ($0.17) per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Rapid7’s earnings, with estimates ranging from ($0.17) to ($0.16). Rapid7 reported earnings per share of ($0.13) in the same quarter last year, which would indicate a negative year over year growth rate of 30.8%. The company is expected to issue its next earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that Rapid7 will report full year earnings of ($0.62) per share for the current financial year, with EPS estimates ranging from ($0.63) to ($0.61). For the next financial year, analysts anticipate that the company will report earnings of ($0.46) per share, with EPS estimates ranging from ($0.57) to ($0.39). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Rapid7.
Rapid7 (NASDAQ:RPD) last posted its earnings results on Monday, August 7th. The technology company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. The company had revenue of $47.44 million during the quarter, compared to analyst estimates of $46.31 million. Rapid7 had a negative return on equity of 98.26% and a negative net margin of 23.67%. The business’s revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.22) earnings per share.
RPD has been the subject of a number of analyst reports. Monness Crespi & Hardt initiated coverage on shares of Rapid7 in a research note on Tuesday, May 30th. They set a “buy” rating and a $23.00 price target for the company. ValuEngine cut shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub cut shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research cut shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, UBS AG upgraded shares of Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 price target for the company in a research note on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Rapid7 currently has an average rating of “Hold” and a consensus price target of $19.50.
In other news, insider Lee David Weiner sold 21,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $16.64, for a total transaction of $349,440.00. Following the completion of the sale, the insider now owns 77,212 shares of the company’s stock, valued at $1,284,807.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Andrew F. Burton sold 37,843 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $16.95, for a total transaction of $641,438.85. Following the sale, the chief operating officer now directly owns 238,158 shares of the company’s stock, valued at approximately $4,036,778.10. The disclosure for this sale can be found here. Company insiders own 56.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. increased its holdings in shares of Rapid7 by 1,398.9% during the second quarter. Citigroup Inc. now owns 9,788 shares of the technology company’s stock worth $165,000 after buying an additional 9,135 shares in the last quarter. BT Investment Management Ltd acquired a new stake in shares of Rapid7 in the second quarter valued at approximately $169,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Rapid7 by 25.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,352 shares of the technology company’s stock valued at $173,000 after purchasing an additional 2,124 shares in the last quarter. US Bancorp DE increased its holdings in shares of Rapid7 by 594.0% in the first quarter. US Bancorp DE now owns 10,965 shares of the technology company’s stock valued at $165,000 after purchasing an additional 9,385 shares in the last quarter. Finally, TFS Capital LLC acquired a new stake in shares of Rapid7 in the first quarter valued at approximately $169,000. 71.01% of the stock is owned by institutional investors.
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Rapid7 (NASDAQ RPD) opened at 17.42 on Friday. The company’s market capitalization is $750.99 million. Rapid7 has a 12-month low of $10.63 and a 12-month high of $19.29. The stock’s 50 day moving average price is $16.14 and its 200 day moving average price is $16.48.
Rapid7 Company Profile
Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.
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