Analysts Anticipate Rapid7 (RPD) Will Post Earnings of -$0.17 Per Share

Brokerages expect that Rapid7 (NASDAQ:RPD) will post earnings of ($0.17) per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Rapid7’s earnings. The highest EPS estimate is ($0.13) and the lowest is ($0.20). Rapid7 posted earnings per share of ($0.14) during the same quarter last year, which would suggest a negative year over year growth rate of 21.4%. The business is expected to announce its next earnings results on Monday, August 6th.

According to Zacks, analysts expect that Rapid7 will report full year earnings of ($0.49) per share for the current fiscal year, with EPS estimates ranging from ($0.55) to ($0.43). For the next year, analysts forecast that the company will post earnings of ($0.09) per share, with EPS estimates ranging from ($0.33) to $0.07. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Rapid7.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Tuesday, May 8th. The technology company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $54.52 million for the quarter, compared to analyst estimates of $52.23 million. Rapid7 had a negative net margin of 24.40% and a negative return on equity of 122.32%. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.14) EPS.

Several analysts have recently commented on RPD shares. BidaskClub raised shares of Rapid7 from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 3rd. Stifel Nicolaus initiated coverage on Rapid7 in a research report on Wednesday, February 28th. They issued a “buy” rating and a $32.00 target price on the stock. Zacks Investment Research lowered Rapid7 from a “hold” rating to a “sell” rating in a research report on Tuesday, April 17th. Royal Bank of Canada reissued a “buy” rating and issued a $30.00 target price on shares of Rapid7 in a research report on Friday, January 26th. Finally, KeyCorp reissued an “overweight” rating and issued a $30.00 target price (up previously from $25.00) on shares of Rapid7 in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Rapid7 currently has an average rating of “Buy” and an average target price of $31.07.

In other news, Director Timothy P. Mcadam sold 1,500,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $30.00, for a total transaction of $45,000,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Benjamin Nye sold 1,000,000 shares of the company’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $25.79, for a total value of $25,790,000.00. The disclosure for this sale can be found here. Insiders have sold 2,721,999 shares of company stock worth $77,197,294 in the last ninety days. Corporate insiders own 56.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Barclays PLC increased its position in shares of Rapid7 by 68.6% during the first quarter. Barclays PLC now owns 5,718 shares of the technology company’s stock worth $146,000 after acquiring an additional 2,327 shares during the period. Fortaleza Asset Management Inc. purchased a new stake in shares of Rapid7 during the fourth quarter worth $160,000. MetLife Investment Advisors LLC purchased a new stake in shares of Rapid7 during the fourth quarter worth $190,000. Wade G W & Inc. purchased a new stake in shares of Rapid7 during the first quarter worth $203,000. Finally, Hamilton Lane Advisors LLC purchased a new stake in shares of Rapid7 during the fourth quarter worth $207,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of RPD stock traded up $0.69 during trading on Monday, hitting $30.79. 501,008 shares of the stock traded hands, compared to its average volume of 400,535. The firm has a market cap of $1.39 billion, a PE ratio of -29.32 and a beta of 0.87. Rapid7 has a 52-week low of $14.74 and a 52-week high of $33.70.

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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