Weekly Research Analysts’ Ratings Changes for Rapid7 (RPD)

Rapid7 (NASDAQ: RPD) has recently received a number of price target changes and ratings updates:

  • 2/2/2018 – Rapid7 was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/30/2018 – Rapid7 had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $30.00 price target on the stock, up previously from $25.00.
  • 1/26/2018 – Rapid7 had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $30.00 price target on the stock.
  • 1/24/2018 – Rapid7 had its price target raised by analysts at Susquehanna Bancshares Inc from $22.00 to $28.00. They now have a “positive” rating on the stock.
  • 1/24/2018 – Rapid7 was given a new $28.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 1/19/2018 – Rapid7 was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Rapid7, Inc. offers security data and analytics solutions. The Company provides solutions which consist of threat exposure management, incident detection and response solutions as well as security advisory services. Rapid7, Inc. is based in Boston, United States. “
  • 1/13/2018 – Rapid7 was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “Rapid7, Inc. offers security data and analytics solutions. The Company provides solutions which consist of threat exposure management, incident detection and response solutions as well as security advisory services. Rapid7, Inc. is based in Boston, United States. “
  • 1/10/2018 – Rapid7 was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 12/31/2017 – Rapid7 was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 12/27/2017 – Rapid7 was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 12/14/2017 – Rapid7 had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $23.00 price target on the stock. They wrote, “We had the opportunity to attend Rapid7’s analyst meeting on Tuesday, De- cember 12th in Boston. We came away with increased confidence that the customer and product momentum we saw at the United user conference in September coupled with the continued shift to subscription position the compa- ny well to continue its run of strong execution. Management laid out key met- rics for the next three years including ARR growth of at least 30%, delivering operating profitability in 2019 (a year ahead of our expectation) and a laser fo- cus on the transition to subscription model. The company is targeting $350 million in both revenue and ARR in 2020, with an operating margin between 4- 7% and an FCF margin between 12-14%.””

Rapid7 Inc (NASDAQ:RPD) traded down $0.29 during trading on Friday, hitting $22.87. 249,170 shares of the stock were exchanged, compared to its average volume of 472,132. The stock has a market capitalization of $1,050.00 and a price-to-earnings ratio of -23.10. Rapid7 Inc has a one year low of $13.30 and a one year high of $25.95.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. The business had revenue of $50.50 million during the quarter, compared to the consensus estimate of $49.87 million. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.13) earnings per share. equities research analysts forecast that Rapid7 Inc will post -1.06 EPS for the current year.

In other news, insider Lee David Weiner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $18.41, for a total value of $368,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Bain Capital Venture Investors sold 898,517 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $18.30, for a total transaction of $16,442,861.10. The disclosure for this sale can be found here. Insiders have sold a total of 3,346,228 shares of company stock worth $67,486,717 in the last quarter. Corporate insiders own 56.90% of the company’s stock.

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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