Rapid7 Inc (NASDAQ:RPD) has earned an average recommendation of “Buy” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $34.33.

Several research firms recently weighed in on RPD. BidaskClub upgraded Rapid7 from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Monness Crespi & Hardt boosted their target price on Rapid7 from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. KeyCorp boosted their target price on Rapid7 from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, August 7th. Stifel Nicolaus boosted their target price on Rapid7 from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $40.00 target price on shares of Rapid7 in a report on Tuesday, August 7th.

RPD opened at $39.10 on Friday. Rapid7 has a 52-week low of $16.59 and a 52-week high of $39.40. The company has a market cap of $1.81 billion, a PE ratio of -37.24 and a beta of 1.10.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Monday, August 6th. The technology company reported ($0.13) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.05. Rapid7 had a negative return on equity of 105.43% and a negative net margin of 24.40%. The company had revenue of $58.40 million for the quarter, compared to analyst estimates of $55.14 million. During the same period in the previous year, the company posted ($0.14) earnings per share. The firm’s revenue was up 23.1% on a year-over-year basis. sell-side analysts anticipate that Rapid7 will post -1.01 EPS for the current fiscal year.

In related news, COO Andrew F. Burton sold 11,400 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $37.29, for a total transaction of $425,106.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andrew F. Burton sold 7,440 shares of the company’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $36.24, for a total value of $269,625.60. The disclosure for this sale can be found here. Insiders sold 107,807 shares of company stock valued at $3,711,712 in the last 90 days. Company insiders own 25.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of RPD. Wells Fargo & Company MN increased its position in Rapid7 by 44.6% during the first quarter. Wells Fargo & Company MN now owns 527,030 shares of the technology company’s stock valued at $13,477,000 after acquiring an additional 162,501 shares during the last quarter. Rhumbline Advisers increased its position in Rapid7 by 23.7% in the first quarter. Rhumbline Advisers now owns 24,386 shares of the technology company’s stock worth $624,000 after buying an additional 4,665 shares in the last quarter. Swiss National Bank increased its position in Rapid7 by 119.3% in the first quarter. Swiss National Bank now owns 53,300 shares of the technology company’s stock worth $1,363,000 after buying an additional 29,000 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Rapid7 by 66.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 142,523 shares of the technology company’s stock worth $3,645,000 after buying an additional 56,969 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in Rapid7 in the first quarter worth about $1,297,000. Institutional investors own 77.92% 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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Analyst Recommendations for Rapid7 (NASDAQ:RPD)

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