Rapid7 (NASDAQ:RPD) Given New $39.00 Price Target at JPMorgan Chase & Co.

Rapid7 (NASDAQ:RPD) had its price objective lowered by JPMorgan Chase & Co. from $46.00 to $39.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

Several other analysts have also commented on RPD. UBS Group dropped their price target on shares of Rapid7 from $70.00 to $65.00 and set a buy rating on the stock in a research report on Wednesday, May 8th. Susquehanna lowered their target price on shares of Rapid7 from $55.00 to $40.00 and set a neutral rating for the company in a research note on Monday, May 13th. Piper Sandler decreased their target price on Rapid7 from $56.00 to $45.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Stifel Nicolaus lowered their price objective on Rapid7 from $63.00 to $51.00 and set a buy rating for the company in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada dropped their price target on Rapid7 from $70.00 to $57.00 and set an outperform rating on the stock in a research note on Wednesday, May 8th. Fourteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $49.00.

Rapid7 Trading Down 5.2 %

Shares of NASDAQ:RPD opened at $33.44 on Friday. Rapid7 has a twelve month low of $32.99 and a twelve month high of $61.88. The company has a market cap of $2.08 billion, a PE ratio of -16.31 and a beta of 0.98. The company’s 50 day moving average is $38.78 and its 200 day moving average is $46.08.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $205.10 million for the quarter, compared to analyst estimates of $204.10 million. Rapid7 had a negative net margin of 15.14% and a negative return on equity of 31.09%. Equities research analysts predict that Rapid7 will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rapid7

Several institutional investors have recently modified their holdings of RPD. International Assets Investment Management LLC grew its holdings in Rapid7 by 3,367.9% during the 4th quarter. International Assets Investment Management LLC now owns 971 shares of the technology company’s stock valued at $55,000 after buying an additional 943 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Rapid7 by 11.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 856,355 shares of the technology company’s stock valued at $49,143,000 after buying an additional 86,633 shares during the period. Wakefield Asset Management LLLP boosted its position in Rapid7 by 11.1% during the fourth quarter. Wakefield Asset Management LLLP now owns 17,523 shares of the technology company’s stock worth $1,001,000 after acquiring an additional 1,747 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in Rapid7 during the fourth quarter worth approximately $95,000. Finally, Mutual of America Capital Management LLC grew its stake in Rapid7 by 5.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 79,799 shares of the technology company’s stock worth $4,557,000 after acquiring an additional 4,316 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.