Rapid7, Inc. (NASDAQ:RPD) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Rapid7, Inc. (NASDAQ:RPD - Get Free Report) have been assigned an average rating of "Hold" from the nineteen brokerages that are currently covering the company, MarketBeat reports. Thirteen investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $46.13.

A number of equities analysts have recently issued reports on the company. KeyCorp raised Rapid7 to a "hold" rating in a research note on Monday, June 17th. Baird R W cut Rapid7 from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 1st. Robert W. Baird cut Rapid7 from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $56.00 to $45.00 in a report on Thursday, August 1st. JPMorgan Chase & Co. reduced their price target on Rapid7 from $46.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Finally, Piper Sandler reduced their price target on Rapid7 from $45.00 to $42.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th.

Rapid7 Trading Up 0.5 %

Shares of Rapid7 stock traded up $0.20 on Friday, hitting $40.71. The stock had a trading volume of 291,664 shares, compared to its average volume of 856,699. Rapid7 has a 52-week low of $32.94 and a 52-week high of $61.88. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of -48.46 and a beta of 0.97. The company's 50 day moving average price is $36.74 and its 200 day moving average price is $39.81.

Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.52 by $0.06. The firm had revenue of $207.99 million during the quarter, compared to the consensus estimate of $204.04 million. Rapid7 had a negative return on equity of 67.88% and a negative net margin of 5.64%. The firm's revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.33) EPS. Analysts predict that Rapid7 will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling at Rapid7

In other Rapid7 news, Director Reeny Sondhi sold 3,663 shares of the firm's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $40.00, for a total value of $146,520.00. Following the transaction, the director now directly owns 17,460 shares of the company's stock, valued at $698,400. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Rapid7

Several large investors have recently modified their holdings of RPD. Quest Partners LLC acquired a new stake in shares of Rapid7 during the second quarter valued at about $35,000. Fidelis Capital Partners LLC acquired a new stake in shares of Rapid7 during the first quarter valued at about $36,000. Mather Group LLC. acquired a new position in Rapid7 in the first quarter worth about $42,000. Summit Securities Group LLC acquired a new position in Rapid7 in the second quarter worth about $43,000. Finally, Financial Connections Group Inc. acquired a new position in Rapid7 in the second quarter worth about $72,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

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.