Rapid7 (NASDAQ:RPD) had its price objective increased by stock analysts at KeyCorp from $50.00 to $60.00 in a note issued to investors on Monday, AnalystRatings.com reports. The brokerage presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price target would suggest a potential upside of 15.61% from the stock’s current price.
A number of other analysts have also recently commented on the stock. Barclays upped their target price on shares of Rapid7 from $48.00 to $61.00 and gave the company an “overweight” rating in a report on Friday. DA Davidson upped their target price on shares of Rapid7 to $40.00 and gave the company a “neutral” rating in a report on Friday, February 8th. They noted that the move was a valuation call. Mizuho initiated coverage on shares of Rapid7 in a report on Tuesday, March 26th. They set a “buy” rating and a $59.00 target price for the company. BTIG Research raised shares of Rapid7 from a “neutral” rating to a “buy” rating and set a $42.00 target price for the company in a report on Tuesday, January 15th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $49.00 target price (up from $41.00) on shares of Rapid7 in a report on Friday, February 8th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $48.13.
Shares of RPD traded down $0.52 during mid-day trading on Monday, hitting $51.90. 314,327 shares of the company traded hands, compared to its average volume of 663,071. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.00. Rapid7 has a 1 year low of $26.27 and a 1 year high of $53.87. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -51.39 and a beta of 1.20.
Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Thursday, February 7th. The technology company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.04. Rapid7 had a negative net margin of 22.76% and a negative return on equity of 57.61%. The firm had revenue of $70.64 million during the quarter, compared to analysts’ expectations of $66.66 million. During the same period in the previous year, the company earned ($0.17) earnings per share. The firm’s quarterly revenue was up 22.4% on a year-over-year basis. As a group, analysts expect that Rapid7 will post -0.49 earnings per share for the current year.
In other Rapid7 news, insider Vii Lp Tcv sold 87,696 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $45.63, for a total value of $4,001,568.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas E. Schodorf sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $51.00, for a total transaction of $30,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 177,955 shares of company stock valued at $7,956,923. Company insiders own 25.60% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Pearl River Capital LLC bought a new position in shares of Rapid7 during the fourth quarter worth $47,000. Legacy Advisors LLC bought a new position in Rapid7 during the first quarter valued at $285,000. Caxton Associates LP bought a new position in Rapid7 during the fourth quarter valued at $248,000. Wade G W & Inc. lifted its position in Rapid7 by 12.6% during the fourth quarter. Wade G W & Inc. now owns 8,937 shares of the technology company’s stock valued at $278,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Rapid7 by 7,452.8% during the fourth quarter. Citigroup Inc. now owns 10,876 shares of the technology company’s stock valued at $339,000 after purchasing an additional 10,732 shares during the last quarter. Institutional investors and hedge funds own 86.12% of the company’s stock.
Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable 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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