Rapid7 Inc (NASDAQ:RPD) – Equities researchers at SunTrust Banks issued their Q2 2020 earnings estimates for Rapid7 in a note issued to investors on Monday, February 10th. SunTrust Banks analyst J. Fishbein anticipates that the technology company will post earnings per share of ($0.17) for the quarter. SunTrust Banks also issued estimates for Rapid7’s Q3 2020 earnings at ($0.14) EPS.
A number of other equities analysts have also recently commented on RPD. Zacks Investment Research cut Rapid7 from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Raymond James lowered their target price on Rapid7 from $75.00 to $72.00 and set a “strong-buy” rating for the company in a report on Tuesday. Mizuho restated a “buy” rating and set a $68.00 target price on shares of Rapid7 in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $72.00 target price on shares of Rapid7 in a report on Tuesday, November 5th. Finally, Robert W. Baird restated a “buy” rating and set a $72.00 target price on shares of Rapid7 in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have assigned 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 $65.61.
Shares of Rapid7 stock opened at $55.90 on Thursday. The business has a 50-day moving average of $60.28 and a 200 day moving average of $54.77. Rapid7 has a 12 month low of $42.83 and a 12 month high of $66.01. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of -50.82 and a beta of 1.22. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.38 and a quick ratio of 1.38.
Rapid7 (NASDAQ:RPD) last announced its earnings results on Monday, February 10th. The technology company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. Rapid7 had a negative return on equity of 41.54% and a negative net margin of 16.47%. The company had revenue of $91.65 million during the quarter, compared to analysts’ expectations of $88.21 million. During the same period last year, the business posted ($0.05) EPS. Rapid7’s revenue for the quarter was up 33.3% on a year-over-year basis.
A number of hedge funds have recently bought and sold shares of RPD. Ladenburg Thalmann Financial Services Inc. increased its position in Rapid7 by 26.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the technology company’s stock valued at $61,000 after acquiring an additional 217 shares during the period. Signaturefd LLC increased its position in Rapid7 by 125.0% in the 3rd quarter. Signaturefd LLC now owns 1,800 shares of the technology company’s stock valued at $82,000 after acquiring an additional 1,000 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Rapid7 in the 4th quarter valued at about $109,000. Tower Research Capital LLC TRC increased its position in Rapid7 by 1,438.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,970 shares of the technology company’s stock valued at $135,000 after acquiring an additional 2,777 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new position in Rapid7 in the 4th quarter valued at about $149,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.
In related news, CEO Corey E. Thomas sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $55.00, for a total transaction of $825,000.00. Following the completion of the sale, the chief executive officer now owns 457,462 shares in the company, valued at $25,160,410. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christina Luconi sold 8,088 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $55.34, for a total value of $447,589.92. Following the sale, the insider now owns 140,685 shares of the company’s stock, valued at approximately $7,785,507.90. The disclosure for this sale can be found here. Insiders sold a total of 128,588 shares of company stock valued at $7,089,920 in the last quarter. Company insiders own 4.90% 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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