Rapid7, Inc. (RPD) Price Target Increased to $25.00 by Analysts at Royal Bank Of Canada

Rapid7, Inc. (NASDAQ:RPD) had its price objective raised by Royal Bank Of Canada from $22.00 to $25.00 in a research note issued to investors on Wednesday, November 8th. The brokerage currently has an outperform rating on the technology company’s stock.

Several other analysts have also commented on RPD. ValuEngine lowered shares of Rapid7 from a hold rating to a sell rating in a research report on Tuesday, August 1st. BidaskClub lowered shares of Rapid7 from a hold rating to a sell rating in a research report on Friday, July 28th. KeyCorp restated a buy rating and set a $25.00 target price on shares of Rapid7 in a research report on Friday, October 6th. Zacks Investment Research lowered shares of Rapid7 from a hold rating to a sell rating in a research report on Thursday, October 5th. Finally, UBS AG upgraded shares of Rapid7 from a neutral rating to a positive rating and set a $20.00 target price on the stock in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $20.83.

Rapid7 (NASDAQ:RPD) opened at $19.01 on Wednesday. Rapid7 has a 1-year low of $11.26 and a 1-year high of $20.25.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.02. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. The firm had revenue of $50.50 million during the quarter, compared to analysts’ expectations of $49.87 million. During the same period in the prior year, the company posted ($0.13) earnings per share. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. equities analysts anticipate that Rapid7 will post -1.03 earnings per share for the current year.

In related news, Director Jay C. Hoag sold 35,246 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $19.40, for a total transaction of $683,772.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lee David Weiner sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $17.15, for a total transaction of $343,000.00. Following the sale, the insider now directly owns 76,212 shares of the company’s stock, valued at $1,307,035.80. The disclosure for this sale can be found here. In the last three months, insiders sold 1,150,123 shares of company stock worth $21,035,288. Insiders own 56.90% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Swiss National Bank boosted its holdings in shares of Rapid7 by 21.5% in the 1st quarter. Swiss National Bank now owns 24,300 shares of the technology company’s stock valued at $364,000 after buying an additional 4,300 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Rapid7 by 144.8% in the 1st quarter. JPMorgan Chase & Co. now owns 39,171 shares of the technology company’s stock valued at $586,000 after buying an additional 23,173 shares during the period. American International Group Inc. lifted its position in Rapid7 by 7.1% in the 1st quarter. American International Group Inc. now owns 12,257 shares of the technology company’s stock valued at $184,000 after purchasing an additional 815 shares during the last quarter. Alliancebernstein L.P. lifted its position in Rapid7 by 1.4% in the 1st quarter. Alliancebernstein L.P. now owns 21,800 shares of the technology company’s stock valued at $327,000 after purchasing an additional 300 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Rapid7 by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 1,341,474 shares of the technology company’s stock valued at $20,096,000 after purchasing an additional 60,337 shares during the last quarter. 71.57% of the stock is owned by institutional investors.

WARNING: This report was first posted by BBNS and is the property of of BBNS. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://baseballnewssource.com/markets/rapid7-inc-rpd-given-new-25-00-price-target-at-royal-bank-of-canada/1767998.html.

Rapid7 Company Profile

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.

Analyst Recommendations for Rapid7 (NASDAQ:RPD)

Receive News & Ratings for Rapid7 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid7 Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.