Rapid7, Inc. (NASDAQ:RPD) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Rapid7, Inc. (NASDAQ:RPD) have earned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $33.32.

A number of equities research analysts have recently weighed in on RPD shares. JPMorgan Chase & Co. dropped their price target on Rapid7 from $36.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, May 12th. Morgan Stanley upped their price target on shares of Rapid7 from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 13th. Stifel Nicolaus decreased their price target on shares of Rapid7 from $38.00 to $29.00 and set a “hold” rating for the company in a report on Tuesday, May 13th. Robert W. Baird boosted their price objective on shares of Rapid7 from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Finally, DA Davidson restated an “underperform” rating and issued a $21.00 target price (down previously from $29.00) on shares of Rapid7 in a research note on Tuesday, May 13th.

Rapid7 Price Performance

Shares of RPD opened at $23.33 on Wednesday. The company has a 50 day moving average of $23.60 and a two-hundred day moving average of $31.05. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 16.87. Rapid7 has a twelve month low of $21.61 and a twelve month high of $44.48. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 59.82 and a beta of 1.02.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Monday, May 12th. The technology company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. Rapid7 had a return on equity of 2,043.18% and a net margin of 3.42%. The firm had revenue of $210.25 million during the quarter, compared to analysts’ expectations of $208.25 million. During the same quarter last year, the firm earned $0.55 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts predict that Rapid7 will post 0.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Rapid7

In other news, insider Christina Luconi sold 12,551 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $23.12, for a total transaction of $290,179.12. Following the completion of the transaction, the insider now directly owns 58,165 shares of the company’s stock, valued at $1,344,774.80. This represents a 17.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rapid7

A number of large investors have recently added to or reduced their stakes in RPD. Principal Financial Group Inc. increased its stake in shares of Rapid7 by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 54,306 shares of the technology company’s stock worth $2,185,000 after purchasing an additional 6,645 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Rapid7 in the 4th quarter worth about $1,429,000. Versor Investments LP purchased a new stake in Rapid7 during the 4th quarter worth approximately $266,000. Charles Schwab Investment Management Inc. increased its stake in Rapid7 by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 520,006 shares of the technology company’s stock worth $20,920,000 after buying an additional 8,918 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Rapid7 during the fourth quarter valued at approximately $12,050,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

About Rapid7

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.