Wall Street Zen upgraded shares of Rapid7 (NASDAQ:RPD - Free Report) from a hold rating to a buy rating in a research report report published on Friday morning.
A number of other research firms have also recently weighed in on RPD. Mizuho decreased their price objective on Rapid7 from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday. Morgan Stanley lifted their price objective on Rapid7 from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Barclays cut their price target on shares of Rapid7 from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 13th. Stephens assumed coverage on Rapid7 in a research note on Tuesday, April 1st. They issued an "equal weight" rating and a $33.00 target price for the company. Finally, Scotiabank lowered their target price on Rapid7 from $38.00 to $29.00 and set a "sector perform" rating for the company in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.16.
View Our Latest Stock Analysis on RPD
Rapid7 Stock Performance
Shares of Rapid7 stock traded down $0.02 on Friday, hitting $22.31. 1,211,768 shares of the company's stock were exchanged, compared to its average volume of 803,374. The stock has a market capitalization of $1.43 billion, a PE ratio of 57.21 and a beta of 1.01. The company has a debt-to-equity ratio of 16.87, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50-day simple moving average of $23.50 and a 200-day simple moving average of $28.26. Rapid7 has a 1 year low of $21.61 and a 1 year high of $44.48.
Rapid7 (NASDAQ:RPD - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The technology company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.12. Rapid7 had a net margin of 3.42% and a return on equity of 2,043.18%. The firm had revenue of $210.25 million during the quarter, compared to analysts' expectations of $208.25 million. During the same quarter in the prior year, the company earned $0.55 EPS. The company's revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts anticipate that Rapid7 will post 0.35 EPS for the current year.
Hedge Funds Weigh In On Rapid7
Large investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Rapid7 by 112.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,286,300 shares of the technology company's stock worth $60,610,000 after purchasing an additional 1,209,856 shares in the last quarter. Shapiro Capital Management LLC increased its stake in Rapid7 by 295.9% during the 4th quarter. Shapiro Capital Management LLC now owns 1,290,945 shares of the technology company's stock valued at $51,935,000 after purchasing an additional 964,899 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Rapid7 by 95.8% during the first quarter. Penserra Capital Management LLC now owns 1,880,084 shares of the technology company's stock worth $49,841,000 after acquiring an additional 919,955 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Rapid7 by 756,734.3% in the 1st quarter. Jones Financial Companies Lllp now owns 749,266 shares of the technology company's stock worth $19,863,000 after acquiring an additional 749,167 shares during the last quarter. Finally, Nuveen LLC bought a new position in Rapid7 in the 1st quarter valued at about $15,510,000. Institutional investors own 95.66% of the company's stock.
About Rapid7
(
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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