Press coverage about Rapid7 (NASDAQ:RPD) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rapid7 earned a news impact score of 0.10 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.1974074290128 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- Brokerages Expect Rapid7 Inc (RPD) to Post -$0.18 EPS (americanbankingnews.com)
- Global Penetration Testing Market Analysis, Technologies, Market share & Industry Forecast to 2024, With an Expected … (oaoa.com)
- Rapid7, Inc. (NASDAQ:RPD) Ratings Summary on Jun 29, 2018 (thecasualsmart.com)
- Global Deception Technology Market 2018 Research Report By Rapid7 Inc, LogRhythm Inc, TrapX Security (newmexicocourierexpress.com)
NASDAQ RPD traded up $0.28 during trading hours on Thursday, hitting $29.11. 12,862 shares of the company’s stock were exchanged, compared to its average volume of 514,569. Rapid7 has a 12-month low of $14.74 and a 12-month high of $33.92. The company has a market capitalization of $1.33 billion, a PE ratio of -27.78 and a beta of 0.93.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Tuesday, May 8th. The technology company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The company had revenue of $54.52 million during the quarter, compared to analyst estimates of $52.23 million. Rapid7 had a negative return on equity of 122.32% and a negative net margin of 24.40%. The firm’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.14) earnings per share. sell-side analysts predict that Rapid7 will post -0.99 EPS for the current fiscal year.
A number of analysts have commented on the company. BidaskClub downgraded Rapid7 from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 23rd. BTIG Research downgraded Rapid7 from a “buy” rating to a “neutral” rating in a research report on Monday, June 18th. Rosenblatt Securities reiterated a “buy” rating and set a $37.00 target price on shares of Rapid7 in a research report on Thursday, May 10th. Needham & Company LLC boosted their target price on Rapid7 from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, May 10th. Finally, Barclays reiterated a “buy” rating and set a $36.00 target price on shares of Rapid7 in a research report on Thursday, May 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Rapid7 presently has a consensus rating of “Buy” and an average target price of $31.07.
In other news, Chairman Alan Matthews sold 40,000 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $30.00, for a total value of $1,200,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy P. Mcadam sold 1,500,000 shares of the stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $30.00, for a total value of $45,000,000.00. The disclosure for this sale can be found here. Insiders have sold 1,889,893 shares of company stock valued at $57,041,110 over the last 90 days. 25.60% of the stock is currently owned by insiders.
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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