Today, Rapid7 Inc. (RPD) Receives $18.67 Consensus PT from Brokerages

Today, Rapid7 Inc. (RPD) Receives $18.67 Consensus PT from Brokerages
Rapid7 Inc. (NASDAQ:RPD) has received an average rating of “Buy” from the eleven ratings firms that are presently covering the company. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $18.67.

RPD has been the topic of several research analyst reports. Barclays PLC set a $17.00 price objective on Rapid7 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Zacks Investment Research downgraded Rapid7 from a “hold” rating to a “sell” rating in a research report on Saturday, August 13th. Rosenblatt Securities started coverage on Rapid7 in a research report on Friday, August 26th. They set a “buy” rating and a $23.00 target price on the stock. RBC Capital Markets started coverage on Rapid7 in a research report on Friday, October 14th. They set an “outperform” rating and a $19.00 target price on the stock. Finally, Royal Bank Of Canada started coverage on Rapid7 in a research report on Friday, October 14th. They set an “outperform” rating and a $19.00 target price on the stock.

In related news, insider Corey E. Thomas sold 10,000 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $18.42, for a total value of $184,200.00. Following the sale, the insider now owns 219,757 shares in the company, valued at $4,047,923.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven Gatoff sold 15,000 shares of the stock in a transaction on Friday, September 9th. The stock was sold at an average price of $17.36, for a total value of $260,400.00. Following the completion of the sale, the chief financial officer now owns 85,186 shares in the company, valued at approximately $1,478,828.96. The disclosure for this sale can be found here. 55.30% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Cutler Group LP acquired a new stake in shares of Rapid7 during the third quarter worth about $104,000. Commonwealth Equity Services Inc acquired a new stake in shares of Rapid7 during the second quarter worth about $135,000. American International Group Inc. increased its stake in shares of Rapid7 by 143.8% in the second quarter. American International Group Inc. now owns 11,455 shares of the company’s stock worth $144,000 after buying an additional 6,756 shares during the period. BlackRock Advisors LLC increased its stake in shares of Rapid7 by 52.4% in the third quarter. BlackRock Advisors LLC now owns 8,776 shares of the company’s stock worth $155,000 after buying an additional 3,018 shares during the period. Finally, Nationwide Fund Advisors increased its stake in shares of Rapid7 by 160.1% in the second quarter. Nationwide Fund Advisors now owns 12,737 shares of the company’s stock worth $160,000 after buying an additional 7,840 shares during the period. Institutional investors own 68.99% of the company’s stock.

Shares of Rapid7 (NASDAQ:RPD) opened at 12.02 on Monday. Rapid7 has a 12 month low of $9.05 and a 12 month high of $19.34. The company’s 50-day moving average price is $13.91 and its 200-day moving average price is $14.51. The company’s market cap is $494.33 million.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Wednesday, November 9th. The company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.07. Rapid7 had a negative return on equity of 101.12% and a negative net margin of 41.53%. The business had revenue of $40.30 million for the quarter, compared to the consensus estimate of $39.42 million. During the same quarter in the prior year, the business earned ($0.27) earnings per share. Rapid7’s revenue for the quarter was up 42.4% on a year-over-year basis. Analysts anticipate that Rapid7 will post ($0.85) EPS for the current year.

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