Rapid7 Inc (RPD) Expected to Post Earnings of -$0.08 Per Share

Equities research analysts forecast that Rapid7 Inc (NASDAQ:RPD) will announce ($0.08) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Rapid7’s earnings, with estimates ranging from ($0.10) to ($0.04). Rapid7 reported earnings of ($0.19) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 57.9%. The company is expected to report its next earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Rapid7 will report full-year earnings of $0.05 per share for the current year, with EPS estimates ranging from $0.03 to $0.06. For the next year, analysts anticipate that the firm will report earnings of $0.33 per share, with EPS estimates ranging from $0.22 to $0.43. Zacks’ EPS averages are an average based on a survey of analysts that follow Rapid7.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Thursday, February 7th. The technology company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.04. The company had revenue of $70.64 million during the quarter, compared to analysts’ expectations of $66.66 million. Rapid7 had a negative return on equity of 57.61% and a negative net margin of 22.76%. The firm’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.17) EPS.

Several analysts have commented on the company. Mizuho assumed coverage on Rapid7 in a report on Tuesday. They issued a “buy” rating and a $59.00 price target for the company. Macquarie upgraded Rapid7 from a “neutral” rating to an “outperform” rating in a report on Monday, March 11th. Morgan Stanley set a $42.00 price target on Rapid7 and gave the company a “hold” rating in a report on Friday, February 8th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target (up previously from $42.00) on shares of Rapid7 in a report on Friday, February 8th. Finally, DA Davidson lifted their price target on Rapid7 to $40.00 and gave the company a “neutral” rating in a report on Friday, February 8th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $42.60.

In related news, SVP Peter Kaes sold 9,809 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $38.00, for a total transaction of $372,742.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas E. Schodorf sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $45.99, for a total value of $27,594.00. The disclosure for this sale can be found here. Insiders sold a total of 178,155 shares of company stock worth $7,963,923 over the last ninety days. Corporate insiders own 25.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in RPD. Natixis Advisors L.P. increased its holdings in Rapid7 by 2.1% during the 4th quarter. Natixis Advisors L.P. now owns 12,767 shares of the technology company’s stock worth $397,000 after purchasing an additional 257 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Rapid7 by 3.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 15,912 shares of the technology company’s stock worth $496,000 after purchasing an additional 581 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Rapid7 by 2.2% during the 4th quarter. Squarepoint Ops LLC now owns 28,931 shares of the technology company’s stock worth $901,000 after purchasing an additional 617 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Rapid7 by 4.2% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 15,204 shares of the technology company’s stock worth $474,000 after purchasing an additional 619 shares during the last quarter. Finally, Wade G W & Inc. increased its holdings in Rapid7 by 12.6% during the 4th quarter. Wade G W & Inc. now owns 8,937 shares of the technology company’s stock worth $278,000 after purchasing an additional 1,000 shares during the last quarter. 86.12% of the stock is currently owned by hedge funds and other institutional investors.

RPD opened at $50.61 on Wednesday. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of -50.11 and a beta of 1.18. Rapid7 has a 12 month low of $23.14 and a 12 month high of $52.63.

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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