Shares of Rapid7 Inc (NASDAQ:RPD) have been assigned an average rating of “Buy” from the eighteen research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $49.33.

Several analysts recently commented on the company. KeyCorp boosted their price target on Rapid7 from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Barclays boosted their price target on Rapid7 from $48.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Zacks Investment Research upgraded Rapid7 from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, April 11th. Robert W. Baird assumed coverage on Rapid7 in a research report on Wednesday, April 3rd. They set an “outperform” rating and a $58.00 price target for the company. Finally, Stifel Nicolaus boosted their price target on Rapid7 from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd.

Shares of RPD traded down $0.34 during trading hours on Friday, hitting $49.62. 713,079 shares of the stock were exchanged, compared to its average volume of 663,154. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.51 and a current ratio of 1.51. Rapid7 has a 12-month low of $26.27 and a 12-month high of $53.87. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -49.13 and a beta of 1.20.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Thursday, February 7th. The technology company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. Rapid7 had a negative return on equity of 57.61% and a negative net margin of 22.76%. The firm had revenue of $70.64 million during the quarter, compared to analysts’ expectations of $66.66 million. During the same period in the previous year, the business earned ($0.17) earnings per share. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, analysts predict that Rapid7 will post -0.49 earnings per share for the current year.

In other Rapid7 news, SVP Peter Kaes sold 9,809 shares of the company’s stock in a transaction on Tuesday, January 29th. The stock was sold at an average price of $38.00, for a total value of $372,742.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Corey E. Thomas sold 25,000 shares of the stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $45.82, for a total value of $1,145,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 162,955 shares of company stock valued at $7,410,923. 25.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barometer Capital Management Inc. purchased a new position in shares of Rapid7 during the 1st quarter worth $4,054,000. Chartwell Investment Partners LLC grew its holdings in shares of Rapid7 by 9.8% during the 1st quarter. Chartwell Investment Partners LLC now owns 340,869 shares of the technology company’s stock worth $17,251,000 after purchasing an additional 30,324 shares during the period. Legacy Advisors LLC purchased a new position in shares of Rapid7 during the 1st quarter worth $285,000. Geode Capital Management LLC grew its holdings in shares of Rapid7 by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 464,896 shares of the technology company’s stock worth $14,485,000 after purchasing an additional 31,004 shares during the period. Finally, FMR LLC purchased a new position in shares of Rapid7 during the 4th quarter worth $1,795,000. Institutional investors and hedge funds own 86.13% of the company’s stock.

About Rapid7

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable 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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Analyst Recommendations for Rapid7 (NASDAQ:RPD)

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