News stories about Rapid7 (NASDAQ:RPD) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rapid7 earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.0081028597626 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Noteworthy Monday Option Activity: RPD, PPC, PG (stockoptionschannel.com)
- Rapid7, Inc. (RPD) Expected to Post Quarterly Sales of $49.89 Million (americanbankingnews.com)
- Rapid7, Inc. (RPD) registers a price change of 2.12% while Ability Inc. (ABIL) finishes with a flow of -4.98% – Stocks Gallery (stocksgallery.com)
- Zacks: Brokerages Expect Rapid7, Inc. (RPD) to Post -$0.17 Earnings Per Share (americanbankingnews.com)
- Stock Performance Check on Shares of Rapid7, Inc. (NASDAQ:RPD) – Jonesboro Recorder (jonesbororecorder.com)
Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Rapid7 from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Susquehanna Bancshares Inc upgraded shares of Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 price target on the stock in a research note on Tuesday, August 8th. UBS AG upgraded shares of Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 price target on the stock in a research note on Tuesday, August 8th. Finally, ValuEngine lowered shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $19.50.
Rapid7 (NASDAQ:RPD) opened at 17.49 on Tuesday. Rapid7 has a 1-year low of $10.63 and a 1-year high of $19.29. The firm’s market capitalization is $754.01 million. The stock’s 50 day moving average is $16.14 and its 200 day moving average is $16.48.
Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Monday, August 7th. The technology company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. Rapid7 had a negative net margin of 23.67% and a negative return on equity of 98.26%. The company had revenue of $47.44 million for the quarter, compared to analyst estimates of $46.31 million. During the same period last year, the firm earned ($0.22) earnings per share. The firm’s revenue was up 27.3% on a year-over-year basis. Analysts predict that Rapid7 will post ($0.62) EPS for the current fiscal year.
In related news, insider Lee David Weiner sold 21,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $16.64, for a total transaction of $349,440.00. Following the completion of the sale, the insider now owns 77,212 shares in the company, valued at $1,284,807.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew F. Burton sold 37,843 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $16.95, for a total transaction of $641,438.85. Following the sale, the chief operating officer now owns 238,158 shares of the company’s stock, valued at approximately $4,036,778.10. The disclosure for this sale can be found here. 56.90% of the stock is owned by company insiders.
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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.
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