Brokerages Expect Rapid7 Inc (RPD) to Announce -$0.09 EPS

Analysts expect that Rapid7 Inc (NASDAQ:RPD) will post ($0.09) earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Rapid7’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.09). Rapid7 reported earnings per share of ($0.17) during the same quarter last year, which would suggest a positive year-over-year growth rate of 47.1%. The firm is scheduled to report its next quarterly earnings results on Monday, February 11th.

On average, analysts expect that Rapid7 will report full-year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.45) to ($0.44). For the next financial year, analysts expect that the company will post earnings of ($0.06) per share, with EPS estimates ranging from ($0.20) to $0.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Rapid7.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.05. Rapid7 had a negative return on equity of 76.86% and a negative net margin of 23.83%. The firm had revenue of $62.40 million during the quarter, compared to analyst estimates of $59.50 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue was up 23.6% compared to the same quarter last year.

Several research analysts have recently commented on the company. Morgan Stanley set a $35.00 price objective on Rapid7 and gave the stock a “hold” rating in a report on Wednesday, November 7th. BidaskClub upgraded Rapid7 from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 25th. Stifel Nicolaus lifted their price objective on Rapid7 from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Needham & Company LLC lifted their price objective on Rapid7 from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, September 21st. Finally, Zacks Investment Research upgraded Rapid7 from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Wednesday, October 10th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $36.13.

In related news, insider Vii Lp Tcv sold 182,600 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $37.96, for a total transaction of $6,931,496.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Andrew F. Burton sold 11,400 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $37.29, for a total value of $425,106.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,422,485 shares of company stock worth $80,899,562. Company insiders own 25.60% of the company’s stock.

A number of large investors have recently made changes to their positions in RPD. Centaurus Financial Inc. purchased a new position in Rapid7 during the 2nd quarter valued at about $169,000. Ibex Investors LLC purchased a new position in Rapid7 during the 3rd quarter valued at about $210,000. People s United Financial Inc. purchased a new position in Rapid7 during the 3rd quarter valued at about $259,000. Verition Fund Management LLC purchased a new position in Rapid7 during the 2nd quarter valued at about $327,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in Rapid7 by 598.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 8,918 shares of the technology company’s stock valued at $329,000 after purchasing an additional 7,642 shares during the period. Institutional investors own 79.60% of the company’s stock.

Shares of RPD stock opened at $31.80 on Monday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.83 and a quick ratio of 1.83. Rapid7 has a 12-month low of $18.27 and a 12-month high of $39.40. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -30.29 and a beta of 1.02.

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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