Rapid7 (NASDAQ:RPD - Free Report) had its target price upped by Scotiabank from $39.00 to $42.00 in a report published on Tuesday morning,Benzinga reports. They currently have a sector perform rating on the technology company's stock.
Several other equities analysts have also recently weighed in on the company. Citigroup lowered their price target on Rapid7 from $50.00 to $46.00 and set a "buy" rating on the stock in a report on Friday. DA Davidson increased their target price on Rapid7 from $35.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Piper Sandler cut their price target on Rapid7 from $42.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price objective on shares of Rapid7 from $40.00 to $42.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group initiated coverage on shares of Rapid7 in a research report on Wednesday, October 16th. They set a "buy" rating and a $50.00 target price for the company. Fifteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Rapid7 has a consensus rating of "Hold" and a consensus price target of $43.76.
Check Out Our Latest Research Report on RPD
Rapid7 Price Performance
Shares of Rapid7 stock traded up $0.70 during trading on Tuesday, hitting $39.54. 646,552 shares of the company's stock traded hands, compared to its average volume of 544,613. Rapid7 has a 1 year low of $32.94 and a 1 year high of $61.88. The business has a 50-day simple moving average of $40.62 and a 200-day simple moving average of $39.03. The stock has a market capitalization of $2.50 billion, a P/E ratio of 62.76 and a beta of 0.96.
Rapid7 (NASDAQ:RPD - Get Free Report) last announced its quarterly 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. The firm had revenue of $214.65 million during the quarter, compared to analyst estimates of $210.04 million. Rapid7 had a net margin of 5.65% and a negative return on equity of 128.95%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. On average, equities analysts predict that Rapid7 will post 0.98 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in RPD. Exchange Traded Concepts LLC increased its position in Rapid7 by 0.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 69,154 shares of the technology company's stock worth $2,782,000 after purchasing an additional 446 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Rapid7 by 126.6% in the 4th quarter. SG Americas Securities LLC now owns 9,908 shares of the technology company's stock worth $399,000 after buying an additional 5,536 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Rapid7 by 106.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 49,155 shares of the technology company's stock worth $1,978,000 after buying an additional 25,398 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Rapid7 by 259.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 288,965 shares of the technology company's stock valued at $11,625,000 after buying an additional 208,501 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in shares of Rapid7 by 8.6% in the 4th quarter. Diversified Trust Co now owns 21,534 shares of the technology company's stock valued at $866,000 after acquiring an additional 1,708 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company's stock.
Rapid7 Company Profile
(
Get Free Report)
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.
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