Rapid7 (RPD) – Investment Analysts’ Weekly Ratings Changes

A number of research firms have changed their ratings and price targets for Rapid7 (NASDAQ: RPD):

  • 1/26/2018 – Rapid7 had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $30.00 price target on the stock.
  • 1/24/2018 – Rapid7 had its price target raised by analysts at Susquehanna Bancshares Inc from $22.00 to $28.00. They now have a “positive” rating on the stock.
  • 1/24/2018 – Rapid7 was given a new $28.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 1/19/2018 – Rapid7 was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Rapid7, Inc. offers security data and analytics solutions. The Company provides solutions which consist of threat exposure management, incident detection and response solutions as well as security advisory services. Rapid7, Inc. is based in Boston, United States. “
  • 1/13/2018 – Rapid7 was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “Rapid7, Inc. offers security data and analytics solutions. The Company provides solutions which consist of threat exposure management, incident detection and response solutions as well as security advisory services. Rapid7, Inc. is based in Boston, United States. “
  • 1/10/2018 – Rapid7 was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/31/2017 – Rapid7 was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/27/2017 – Rapid7 was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/14/2017 – Rapid7 had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $23.00 price target on the stock. They wrote, “We had the opportunity to attend Rapid7’s analyst meeting on Tuesday, De- cember 12th in Boston. We came away with increased confidence that the customer and product momentum we saw at the United user conference in September coupled with the continued shift to subscription position the compa- ny well to continue its run of strong execution. Management laid out key met- rics for the next three years including ARR growth of at least 30%, delivering operating profitability in 2019 (a year ahead of our expectation) and a laser fo- cus on the transition to subscription model. The company is targeting $350 million in both revenue and ARR in 2020, with an operating margin between 4- 7% and an FCF margin between 12-14%.””

Rapid7 Inc (NASDAQ RPD) traded down $0.54 during mid-day trading on Monday, reaching $24.47. The company’s stock had a trading volume of 597,212 shares, compared to its average volume of 491,157. Rapid7 Inc has a 1 year low of $12.20 and a 1 year high of $25.95. The stock has a market capitalization of $1,070.00 and a P/E ratio of -24.72.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $50.50 million during the quarter, compared to the consensus estimate of $49.87 million. During the same quarter in the prior year, the business earned ($0.13) earnings per share. The company’s revenue was up 25.3% compared to the same quarter last year. equities research analysts anticipate that Rapid7 Inc will post -1.05 EPS for the current year.

In other news, Director Jay C. Hoag sold 35,246 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Alan Matthews sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $20.00, for a total value of $400,000.00. The disclosure for this sale can be found here. Insiders sold 1,116,228 shares of company stock valued at $20,614,217 in the last ninety days. Company insiders own 56.90% of the company’s stock.

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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