Press coverage about Rapid7 (NASDAQ:RPD) has been trending somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rapid7 earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.7237582006323 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Rapid7 Inc (RPD) Shares Placed Under the Microscope - Wall Street Review (thewallstreetreview.com)
- Rapid7, Inc. (RPD) Acquires Security Management & Automation Company, Komand - StreetInsider.com (streetinsider.com)
- Rapid7 snaps up security automation platform Komand (finance.yahoo.com)
- Tracking Metrics on Shares of Rapid7 Inc (RPD) - Hayden Business Journal (haydenbusinessjournal.com)
- Shares Running on Volume: Rapid7 Inc (RPD) - Evergreen Caller (evergreencaller.com)
Rapid7 (NASDAQ RPD) traded up 2.76% on Wednesday, reaching $17.51. 101,589 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $17.42 and a 200 day moving average price of $15.73. Rapid7 has a 12-month low of $10.63 and a 12-month high of $19.29. The stock’s market cap is $741.29 million.
Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Tuesday, May 9th. The technology company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.17. The business had revenue of $45.20 million for the quarter, compared to the consensus estimate of $44.01 million. Rapid7 had a negative net margin of 26.19% and a negative return on equity of 93.19%. The business’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.23) EPS. Analysts forecast that Rapid7 will post ($0.63) EPS for the current year.
RPD has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price objective on shares of Rapid7 from $19.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, May 10th. Monness Crespi & Hardt started coverage on shares of Rapid7 in a research report on Tuesday, May 30th. They issued a “buy” rating and a $23.00 price target on the stock. Zacks Investment Research downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Susquehanna Bancshares Inc started coverage on shares of Rapid7 in a research report on Wednesday, June 7th. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, Northland Securities reiterated a “buy” rating and issued a $23.00 price target on shares of Rapid7 in a research report on Friday, July 14th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $19.93.
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In other news, insider Jay C. Hoag sold 1,400,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $18.00, for a total value of $25,200,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Andrew F. Burton sold 37,843 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $16.95, for a total transaction of $641,438.85. Following the completion of the sale, the chief operating officer now directly owns 238,158 shares in the company, valued at $4,036,778.10. The disclosure for this sale can be found here. 56.90% of the stock is owned by corporate insiders.
About Rapid7
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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