Rapid7 (RPD) Given Media Sentiment Rating of 0.11

Media coverage about Rapid7 (NASDAQ:RPD) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Rapid7 earned a news impact score of 0.11 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 44.6900026383496 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

Rapid7 (NASDAQ RPD) opened at $18.54 on Wednesday. Rapid7 has a twelve month low of $11.72 and a twelve month high of $20.25.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $50.50 million for the quarter, compared to analyst estimates of $49.87 million. Rapid7 had a negative return on equity of 115.79% and a negative net margin of 22.44%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.13) earnings per share. research analysts anticipate that Rapid7 will post -1.03 EPS for the current year.

A number of equities research analysts recently commented on the company. BidaskClub raised Rapid7 from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Royal Bank of Canada lifted their price objective on Rapid7 from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Needham & Company LLC assumed coverage on Rapid7 in a research note on Monday, October 23rd. They set a “buy” rating and a $23.00 price objective for the company. KeyCorp reaffirmed a “buy” rating and set a $25.00 price objective on shares of Rapid7 in a research note on Friday, October 6th. Finally, Zacks Investment Research cut Rapid7 from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Rapid7 presently has an average rating of “Buy” and an average target price of $20.83.

In other Rapid7 news, Chairman Alan Matthews sold 20,000 shares of Rapid7 stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 35,246 shares of Rapid7 stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $19.40, for a total value of $683,772.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,117,353 shares of company stock worth $20,494,788. Corporate insiders own 56.90% of the company’s stock.

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Rapid7 Company Profile

Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.

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