Zacks: Analysts Anticipate Rapid7 Inc (RPD) to Post -$0.04 Earnings Per Share

Wall Street brokerages predict that Rapid7 Inc (NASDAQ:RPD) will announce earnings of ($0.04) per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Rapid7’s earnings, with estimates ranging from ($0.05) to ($0.03). Rapid7 posted earnings of ($0.17) per share in the same quarter last year, which would suggest a positive year over year growth rate of 76.5%. The business is scheduled to issue its next quarterly earnings report on Monday, February 11th.

On average, analysts expect that Rapid7 will report full-year earnings of ($0.48) per share for the current financial year, with EPS estimates ranging from ($0.50) to ($0.46). For the next financial year, analysts anticipate that the business will post earnings of ($0.04) per share, with EPS estimates ranging from ($0.18) to $0.03. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Rapid7.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.05. Rapid7 had a negative return on equity of 89.66% and a negative net margin of 23.83%. The business had revenue of $62.40 million for the quarter, compared to analyst estimates of $59.50 million. During the same quarter in the previous year, the firm earned ($0.15) EPS. The company’s quarterly revenue was up 23.6% compared to the same quarter last year.

RPD has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on Rapid7 from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. BidaskClub lowered shares of Rapid7 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 31st. Morgan Stanley set a $35.00 price objective on shares of Rapid7 and gave the company a “hold” rating in a report on Wednesday. Monness Crespi & Hardt boosted their price objective on shares of Rapid7 from $38.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Needham & Company LLC boosted their price objective on shares of Rapid7 from $37.00 to $42.00 and gave the company a “buy” rating in a report on Friday, September 21st. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Rapid7 presently has an average rating of “Buy” and an average price target of $35.79.

NASDAQ RPD opened at $34.72 on Friday. Rapid7 has a 52 week low of $17.64 and a 52 week high of $39.40. The firm has a market cap of $1.57 billion, a PE ratio of -33.07 and a beta of 1.02.

In other Rapid7 news, COO Andrew F. Burton sold 7,000 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $36.23, for a total transaction of $253,610.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Andrew F. Burton sold 9,492 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $32.53, for a total transaction of $308,774.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 235,732 shares of company stock worth $8,852,242. 25.60% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in Rapid7 by 27.1% during the first quarter. BlackRock Inc. now owns 1,555,101 shares of the technology company’s stock worth $39,765,000 after purchasing an additional 331,186 shares during the period. UBS Group AG increased its stake in Rapid7 by 176.4% during the first quarter. UBS Group AG now owns 34,783 shares of the technology company’s stock worth $889,000 after purchasing an additional 22,199 shares during the period. Granahan Investment Management Inc. MA increased its stake in Rapid7 by 2.6% during the second quarter. Granahan Investment Management Inc. MA now owns 317,811 shares of the technology company’s stock worth $8,969,000 after purchasing an additional 8,141 shares during the period. MetLife Investment Advisors LLC increased its stake in Rapid7 by 30.9% during the second quarter. MetLife Investment Advisors LLC now owns 16,703 shares of the technology company’s stock worth $471,000 after purchasing an additional 3,939 shares during the period. Finally, Sun Life Financial INC purchased a new stake in Rapid7 during the second quarter worth about $486,000. Institutional investors own 78.69% of the company’s stock.

About Rapid7

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables 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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