Brokerages forecast that Rapid7 Inc (NASDAQ:RPD) will post earnings of ($0.17) per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Rapid7’s earnings, with the lowest EPS estimate coming in at ($0.18) and the highest estimate coming in at ($0.16). Rapid7 posted earnings of ($0.13) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 30.8%. The firm is scheduled to report its next earnings report before the market opens on Monday, February 12th.

According to Zacks, analysts expect that Rapid7 will report full year earnings of ($0.61) per share for the current year, with EPS estimates ranging from ($0.62) to ($0.60). For the next year, analysts forecast that the firm will report earnings of ($0.48) per share, with EPS estimates ranging from ($0.52) to ($0.43). Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Rapid7.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. The company had revenue of $50.50 million for the quarter, compared to the consensus estimate of $49.87 million. During the same quarter in the prior year, the company earned ($0.13) EPS. Rapid7’s quarterly revenue was up 25.3% on a year-over-year basis.

RPD has been the topic of several research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $23.00 price target on shares of Rapid7 in a report on Thursday, December 14th. Needham & Company LLC initiated coverage on shares of Rapid7 in a report on Monday, October 23rd. They issued a “buy” rating and a $23.00 price target on the stock. Zacks Investment Research upgraded shares of Rapid7 from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Saturday, January 13th. BidaskClub upgraded shares of Rapid7 from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $30.00 price target on shares of Rapid7 in a report on Friday, January 26th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Rapid7 presently has a consensus rating of “Buy” and a consensus target price of $23.41.

In other news, major shareholder Bain Capital Venture Investors sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $21.01, for a total transaction of $42,020,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Alan Matthews sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,366,228 shares of company stock worth $67,886,717 in the last ninety days. Corporate insiders own 56.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wasatch Advisors Inc. grew its stake in shares of Rapid7 by 5.2% during the 4th quarter. Wasatch Advisors Inc. now owns 2,088,008 shares of the technology company’s stock worth $38,962,000 after purchasing an additional 103,934 shares during the period. Vanguard Group Inc. grew its stake in shares of Rapid7 by 6.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,428,575 shares of the technology company’s stock worth $24,044,000 after purchasing an additional 87,101 shares during the period. ETF Managers Group LLC acquired a new stake in shares of Rapid7 during the 2nd quarter worth approximately $19,395,000. Voya Investment Management LLC grew its stake in Rapid7 by 3.3% in the 2nd quarter. Voya Investment Management LLC now owns 995,428 shares of the technology company’s stock valued at $16,754,000 after acquiring an additional 31,664 shares during the period. Finally, Frontier Capital Management Co. LLC grew its stake in Rapid7 by 62.3% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 720,672 shares of the technology company’s stock valued at $12,684,000 after acquiring an additional 276,627 shares during the period. 70.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Rapid7 (NASDAQ RPD) traded down $0.22 during trading hours on Thursday, reaching $23.45. 255,824 shares of the company traded hands, compared to its average volume of 508,098. Rapid7 has a one year low of $12.49 and a one year high of $25.95. The firm has a market cap of $1,068.24, a P/E ratio of -23.69 and a beta of 1.12.

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Rapid7 Company Profile

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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