Shares of Rapid7 Inc (NASDAQ:RPD) have been assigned an average recommendation of “Buy” from the nineteen analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $55.94.

RPD has been the topic of several recent research reports. Zacks Investment Research downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Mizuho initiated coverage on Fortinet in a report on Tuesday, March 26th. They set a “neutral” rating and a $90.00 target price on the stock. DA Davidson reaffirmed a “buy” rating and set a $90.00 target price on shares of Lumentum in a report on Monday, May 6th. Northland Securities reissued a “buy” rating and issued a $100.00 price objective on shares of Fortinet in a research note on Friday, May 3rd. Finally, Nomura boosted their price objective on Square from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, June 28th.

RPD traded up $0.22 during midday trading on Friday, hitting $62.93. 9,443 shares of the company were exchanged, compared to its average volume of 689,347. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of -62.34 and a beta of 1.18. Rapid7 has a 1-year low of $26.27 and a 1-year high of $63.02. The business has a 50 day moving average price of $54.74. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.49 and a quick ratio of 1.49.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.22) by $0.24. The firm had revenue of $73.20 million for the quarter, compared to the consensus estimate of $69.86 million. Rapid7 had a negative return on equity of 46.34% and a negative net margin of 19.35%. The business’s quarterly revenue was up 34.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.19) EPS. On average, equities analysts predict that Rapid7 will post -0.61 EPS for the current year.

In related news, CEO Corey E. Thomas sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $52.58, for a total value of $262,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy P. Mcadam sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $52.51, for a total value of $525,100.00. The disclosure for this sale can be found here. Insiders sold a total of 130,137 shares of company stock worth $6,705,192 over the last three months. 4.90% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB bought a new stake in Rapid7 in the 1st quarter valued at about $344,000. Weiss Multi Strategy Advisers LLC bought a new stake in Rapid7 during the 4th quarter worth approximately $1,558,000. Caxton Associates LP bought a new stake in Rapid7 during the 4th quarter worth approximately $248,000. RPg Family Wealth Advisory LLC increased its holdings in Rapid7 by 8.3% during the 1st quarter. RPg Family Wealth Advisory LLC now owns 3,790 shares of the technology company’s stock worth $192,000 after purchasing an additional 290 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Rapid7 by 305.0% during the 1st quarter. First Trust Advisors LP now owns 423,415 shares of the technology company’s stock worth $21,429,000 after purchasing an additional 318,869 shares in the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

Rapid7 Company Profile

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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Analyst Recommendations for Rapid7 (NASDAQ:RPD)

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