Rapid7, Inc. (NASDAQ:RPD) Given Consensus Recommendation of "Hold" by Brokerages

Rapid7, Inc. (NASDAQ:RPD - Get Free Report) has been given an average rating of "Hold" by the twenty ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $33.32.

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Rapid7 from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Scotiabank decreased their target price on Rapid7 from $38.00 to $29.00 and set a "sector perform" rating on the stock in a research note on Tuesday, May 13th. Stephens started coverage on Rapid7 in a research note on Tuesday, April 1st. They issued an "equal weight" rating and a $33.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on Rapid7 from $36.00 to $29.00 and set a "neutral" rating on the stock in a research note on Monday, May 12th. Finally, Susquehanna decreased their target price on Rapid7 from $40.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th.

Hedge Funds Weigh In On Rapid7

Several institutional investors have recently modified their holdings of RPD. KLP Kapitalforvaltning AS bought a new position in Rapid7 during the 4th quarter worth approximately $539,000. Raymond James Financial Inc. bought a new position in Rapid7 during the 4th quarter worth approximately $12,050,000. Mirae Asset Global Investments Co. Ltd. grew its position in Rapid7 by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,548 shares of the technology company's stock worth $291,000 after acquiring an additional 1,648 shares during the last quarter. New York State Teachers Retirement System bought a new position in Rapid7 during the 1st quarter worth approximately $29,000. Finally, Invesco Ltd. grew its position in Rapid7 by 5.4% during the 4th quarter. Invesco Ltd. now owns 36,487 shares of the technology company's stock worth $1,468,000 after acquiring an additional 1,860 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

Rapid7 Stock Down 4.6%

Shares of NASDAQ RPD opened at $22.99 on Friday. Rapid7 has a one year low of $21.61 and a one year high of $44.48. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.24 and a quick ratio of 1.24. The business's fifty day moving average price is $23.72 and its 200-day moving average price is $28.88. The stock has a market capitalization of $1.48 billion, a PE ratio of 58.95 and a beta of 1.01.

Rapid7 (NASDAQ:RPD - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating 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 company had revenue of $210.25 million for the quarter, compared to analyst estimates of $208.25 million. During the same period in the previous year, the company posted $0.55 EPS. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Rapid7 will post 0.35 EPS for the current year.

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.

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