Analysts Expect Rapid7 Inc (RPD) to Post -$0.09 Earnings Per Share

Analysts expect Rapid7 Inc (NASDAQ:RPD) to report ($0.09) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Rapid7’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.09). Rapid7 posted earnings per share of ($0.17) during the same quarter last year, which indicates a positive year-over-year growth rate of 47.1%. The firm is expected to announce its next quarterly earnings results on Monday, February 11th.

On average, analysts expect that Rapid7 will report full year earnings of ($0.45) per share for the current financial year, with EPS estimates ranging from ($0.45) to ($0.44). For the next financial year, analysts expect that the business will post earnings of ($0.06) per share, with EPS estimates ranging from ($0.20) to $0.05. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Rapid7.

Rapid7 (NASDAQ:RPD) last released its earnings results on Tuesday, November 6th. The technology company reported ($0.20) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.05. Rapid7 had a negative net margin of 23.83% and a negative return on equity of 76.86%. The company had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $59.50 million. During the same quarter last year, the business earned ($0.15) EPS. The business’s revenue was up 23.6% on a year-over-year basis.

RPD has been the subject of several recent analyst reports. Royal Bank of Canada reiterated a “buy” rating and issued a $40.00 price objective on shares of Rapid7 in a research note on Tuesday, August 7th. Stifel Nicolaus raised their price objective on shares of Rapid7 from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. KeyCorp raised their price objective on shares of Rapid7 from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, August 7th. Monness Crespi & Hardt raised their price objective on shares of Rapid7 from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Finally, BidaskClub upgraded shares of Rapid7 from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 25th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Rapid7 presently has a consensus rating of “Buy” and an average price target of $36.13.

RPD stock opened at $31.80 on Monday. Rapid7 has a one year low of $18.27 and a one year high of $39.40. The firm has a market capitalization of $1.50 billion, a PE ratio of -30.29 and a beta of 1.02. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.85.

In other Rapid7 news, insider Lee David Weiner sold 5,580 shares of Rapid7 stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $31.78, for a total transaction of $177,332.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andrew F. Burton sold 11,400 shares of Rapid7 stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $37.29, for a total transaction of $425,106.00. The disclosure for this sale can be found here. Insiders sold 2,422,485 shares of company stock valued at $80,899,562 in the last quarter. Company insiders own 25.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Centaurus Financial Inc. purchased a new stake in shares of Rapid7 during the second quarter worth about $169,000. Ibex Investors LLC purchased a new stake in shares of Rapid7 during the third quarter worth about $210,000. People s United Financial Inc. purchased a new stake in shares of Rapid7 during the third quarter worth about $259,000. Verition Fund Management LLC purchased a new stake in shares of Rapid7 during the second quarter worth about $327,000. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Rapid7 by 598.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 8,918 shares of the technology company’s stock worth $329,000 after buying an additional 7,642 shares in the last quarter. Institutional investors own 79.60% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

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