According to Bloomberg Ratings, the aggregate rating these rating agencies have assigned to Rapid7, INC (NASDAQ: RPD), which twenty-one rating companies are now following, is “Hold.” These rating companies are now following Rapid7, INC The consensus among investment professionals is to maintain a holding position; however, five analysts recommend purchasing the stock. On average, financial analysts who have covered the stock in the previous year have projected a price target of $56.38 for the stock to reach within the next year.
During the most recent period, numerous hedge funds and other institutional investors engaged in buying and selling transactions involving RPD shares. Over the first three months of 2018, HighTower Advisors LLC achieved a 9.1% increase in the proportion of Rapid7 shares it owned. HighTower Advisors LLC now has a total of 2,354 shares of the technology company’s stock, which are currently valued at $261,000 after the company made an additional purchase of 196 shares during the period in question.
During the first three months of 2018, PNC Financial Services Group INC increased the percentage of Rapid7, owned by 30.2%.
PNC Financial Services Group INC now has a total of 5,529 shares of the technology company’s stock after purchasing an additional 1,281 shares during the period.
This gives the company a combined value of $615,000, greater than it had before the purchase.
MetLife Investment Management LLC’s holdings of Rapid7 shares went up by 53.8% during the first quarter due to the company’s investment strategy.
MetLife Investment Management LLC is the current owner of 29,914 shares of stock in the technology company.
The current market value of these shares is $3,328,000.
This was made possible by purchasing 10,460 additional shares during the above period.
During the first quarter, Rhumbline Advisers increased the percentage of Rapid7 shares it owned by 3.8%. Rhumbline Advisers’ holdings in the technology company’s stock have increased to a total of 59,263 shares, with a value of $6,592,000, as a result of the company’s purchase of an additional 2,152 shares during the relevant period.
In the most recent turn of events, Vontobel Holding Ltd made a brand new investment in Rapid7 during the first quarter in the amount of 1,631,000 Canadian dollars. 97.91% of the company’s shares are owned by institutional investors and hedge funds, making up most of these shareholders.
Recently, several research analysts were asked for their thoughts on the RPD stock, and they provided their responses. On Thursday, February 9th, Raymond James published a research report that increased their target price for Rapid7 from $50.00 to $55.00, giving the company an “outperform” rating. JPMorgan Chase & Co released the first research report associated with their coverage of Rapid7 on the 24th day of the new year (2019).
They provided the company with a ” neutral rating,” and their price objective for the share is set at $38.00.
Morgan Stanley categorized the company as “equal weight” in a research report made public on Thursday, February 9th, and increased their price target on Rapid7 from $44.00 to $48.00 due to the increase.
The price target was also found to have been increased, according to the study. Robert W.
Baird rated Rapid7 as an “outperform” investment in a research report published on Thursday, February 9th. However, the firm lowered its price objective for the company from $58.00 to $56.00 during the same period.
The price target had been previously set at $58.00. Canaccord Genuity Group lowered their price objective for Rapid7 from $55.00 to $52.00 and changed their rating from “buy” to “hold” in a research note published on February 9th.
When it was first made available to the public on Thursday, the price of RPD was $40.84.
The price of Rapid7 has ranged from $26.49 to $118.25, with $26.49 being the lowest price ever offered.
By this, the stock’s simple moving average for the past 50 days is $43.14, and the simple moving average for the past 200 days is $41.05.
The company has a price-to-earnings ratio of -19.08 and a beta value of 1.13.
The market capitalization of the company is $2.45 billion.
The recent earnings report for Rapid7, traded under the ticker symbol NASDAQ: RPD was released on February 8th.
The technology company reported $0.10 per share for the previous quarter, $0.19 more than the consensus estimate among market analysts.
The company’s sales for the quarter came in at $184.48 million, significantly higher than the general projection of $179.33 million made by market analysts.
According to projections made by sell-side analysts, Rapid7 will finish the current fiscal year with a revenue loss of 1.17 cents per share.
Rapid7, INC is the name of a company that offers automation and analytics services to the security industry concerned with computer networks.
This particular company provides various solutions, including Metasploit, Nexpose, AppSpider, and tCell by Rapid7, as well as InsightDR, InsightIVM, InsightAppSec, InsightConnect, and InsightOps.
In addition, the company offers consultation services for issues relating to the security of products and data.