Rapid7, Inc. (NASDAQ:RPD) Given Average Rating of “Hold” by Analysts

Rapid7, Inc. (NASDAQ:RPD) has received an average rating of “Hold” from the twenty ratings firms that are presently covering the company, Marketbeat reports. Fifteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $43.71.

RPD has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of Rapid7 from $59.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. StockNews.com upgraded shares of Rapid7 from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. lifted their target price on shares of Rapid7 from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Citigroup cut their price target on Rapid7 from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Friday. Finally, Stifel Nicolaus restated a “hold” rating and issued a $42.00 price objective (down from $48.00) on shares of Rapid7 in a research report on Friday.

Institutional Investors Weigh In On Rapid7

Several large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in shares of Rapid7 by 3,888.2% in the third quarter. International Assets Investment Management LLC now owns 678 shares of the technology company’s stock valued at $27,000 after acquiring an additional 661 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in Rapid7 in the 3rd quarter worth about $69,000. Point72 Hong Kong Ltd lifted its stake in Rapid7 by 315.0% in the second quarter. Point72 Hong Kong Ltd now owns 2,075 shares of the technology company’s stock worth $90,000 after purchasing an additional 1,575 shares during the last quarter. 1620 Investment Advisors Inc. boosted its position in shares of Rapid7 by 14.5% during the third quarter. 1620 Investment Advisors Inc. now owns 2,783 shares of the technology company’s stock valued at $111,000 after buying an additional 352 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Rapid7 by 10.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,287 shares of the technology company’s stock valued at $185,000 after buying an additional 400 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

Rapid7 Trading Down 2.4 %

RPD opened at $38.84 on Friday. The firm’s 50 day simple moving average is $40.71 and its two-hundred day simple moving average is $39.09. The company has a market capitalization of $2.46 billion, a PE ratio of 61.65 and a beta of 0.96. Rapid7 has a 1-year low of $32.94 and a 1-year high of $61.88.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Wednesday, November 6th. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.14. Rapid7 had a negative return on equity of 128.95% and a net margin of 5.65%. The company had revenue of $214.65 million for the quarter, compared to analysts’ expectations of $210.04 million. During the same period last year, the firm earned $0.11 EPS. Rapid7’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts forecast that Rapid7 will post 0.98 earnings per share for the current fiscal year.

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.