Rapid7, Inc. (RPD) Receives Consensus Rating of “Buy” from Brokerages
Rapid7, Inc. (NASDAQ:RPD) has received an average rating of “Buy” from the twelve research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $20.83.
A number of research analysts recently weighed in on the company. BidaskClub raised Rapid7 from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Needham & Company LLC assumed coverage on Rapid7 in a research report on Monday, October 23rd. They set a “buy” rating and a $23.00 price objective for the company. Zacks Investment Research lowered Rapid7 from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. KeyCorp reaffirmed a “buy” rating and set a $25.00 price objective on shares of Rapid7 in a research report on Friday, October 6th. Finally, Royal Bank Of Canada increased their target price on Rapid7 from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th.
In related news, Director Jay C. Hoag sold 35,246 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $19.40, for a total value of $683,772.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Vii Lp Tcv sold 102,465 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $18.33, for a total value of $1,878,183.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,150,123 shares of company stock worth $21,035,288. Company insiders own 56.90% of the company’s stock.
Shares of Rapid7 (NASDAQ:RPD) traded up $0.13 during trading hours on Thursday, hitting $18.50. The stock had a trading volume of 80,000 shares, compared to its average volume of 216,235. Rapid7 has a 12-month low of $11.72 and a 12-month high of $20.25.
Rapid7 (NASDAQ:RPD) last announced its earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.02. Rapid7 had a negative return on equity of 115.79% and a negative net margin of 22.44%. The firm had revenue of $50.50 million during the quarter, compared to analyst estimates of $49.87 million. During the same quarter in the prior year, the company earned ($0.13) EPS. The business’s revenue was up 25.3% compared to the same quarter last year. research analysts expect that Rapid7 will post -1.03 earnings per share for the current fiscal year.
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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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