Brokerages expect Rapid7 Inc (NASDAQ:RPD) to post earnings per share (EPS) of ($0.08) for the current quarter, Zacks reports. Five analysts have provided estimates for Rapid7’s earnings. The lowest EPS estimate is ($0.10) and the highest is ($0.04). Rapid7 reported earnings of ($0.19) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 57.9%. The business is expected to report its next earnings results on Tuesday, May 14th.

On average, analysts expect that Rapid7 will report full-year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from $0.03 to $0.06. For the next year, analysts anticipate that the business will report earnings of $0.33 per share, with EPS estimates ranging from $0.22 to $0.43. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Rapid7.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Thursday, February 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.04. The firm had revenue of $70.64 million for the quarter, compared to the consensus estimate of $66.66 million. Rapid7 had a negative net margin of 22.76% and a negative return on equity of 57.61%. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.17) EPS.

A number of research firms have issued reports on RPD. Mizuho began coverage on shares of Rapid7 in a report on Tuesday. They set a “buy” rating and a $59.00 price objective on the stock. DA Davidson lifted their price objective on shares of Rapid7 to $40.00 and gave the stock a “neutral” rating in a report on Friday, February 8th. They noted that the move was a valuation call. BTIG Research raised shares of Rapid7 from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, January 15th. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $49.00 price objective (up from $41.00) on shares of Rapid7 in a report on Friday, February 8th. Finally, Morgan Stanley set a $42.00 price objective on shares of Rapid7 and gave the stock a “hold” rating in a report on Friday, February 8th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. Rapid7 presently has a consensus rating of “Buy” and an average target price of $42.60.

In related news, Director Thomas E. Schodorf sold 600 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $51.00, for a total value of $30,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christina Luconi sold 8,290 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $47.51, for a total value of $393,857.90. The disclosure for this sale can be found here. Insiders have sold a total of 178,155 shares of company stock worth $7,963,923 over the last quarter. Company insiders own 25.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in RPD. Alliancebernstein L.P. raised its stake in Rapid7 by 3,076.7% in the 3rd quarter. Alliancebernstein L.P. now owns 1,226,757 shares of the technology company’s stock valued at $45,292,000 after acquiring an additional 1,188,140 shares during the period. SQN Investors LP raised its stake in Rapid7 by 260.8% in the 4th quarter. SQN Investors LP now owns 1,567,865 shares of the technology company’s stock valued at $48,855,000 after acquiring an additional 1,133,289 shares during the period. Point72 Asset Management L.P. bought a new stake in Rapid7 in the 3rd quarter valued at about $38,775,000. Macquarie Group Ltd. bought a new stake in Rapid7 in the 4th quarter valued at about $27,223,000. Finally, Clearbridge Investments LLC raised its stake in Rapid7 by 843,883.3% in the 3rd quarter. Clearbridge Investments LLC now owns 557,029 shares of the technology company’s stock valued at $20,566,000 after acquiring an additional 556,963 shares during the period. Institutional investors and hedge funds own 86.12% of the company’s stock.

RPD traded down $2.04 during mid-day trading on Wednesday, reaching $49.56. 701,193 shares of the stock were exchanged, compared to its average volume of 675,593. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -49.07 and a beta of 1.18. Rapid7 has a 1 year low of $23.14 and a 1 year high of $52.63.

About Rapid7

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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