Home Analyst Ratings Piper Sandler lowers Rapid7 Inc. rating to Neutral and sets price...

Piper Sandler lowers Rapid7 Inc. [RPD] rating to Neutral and sets price target at $95

Piper Sandler took its Rapid7 [RPD] rating to the equivalent of Neutral from Overweight, and the price ‎target to 95.0, in a research note dated 2021-01-05. That figure represents around a 5.81% premium ‎from where the company’s shares closed on Monday. Other analysts also revised their coverage, with ‎Monness Crespi & Hardt’s analysts reiterating the shares to “a Buy” rating in a research note to ‎investors issued in early August. Meanwhile, Monness Crespi & Hardt had maintained its rating on RPD ‎to the earlier “Buy” rating, in a research note produced for clients April 29, 2020. In addition, Goldman ‎launched coverage on March 25, 2020. The research firm rated RPD “a Buy”.

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Is Rapid7 Inc. [NASDAQ:RPD] a Good Buy Right ‎Now?

It should be noted that RPD technical indicators for short, intermediate as well as long ‎term progress have placed an overall average of 100% as Buy. The average signal changed from 100% ‎Buy in the last week and compares with 100% Buy in the past month. Data from Rapid7 Inc.’s Trend ‎Spotter indicated that the signals were Weakest. The stock current average is 0.72 million shares in the ‎past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average ‎trading volume was 0.62 million shares while the medium term average advocated for 100% Buy. The ‎average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.59 million ‎shares.


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RPD Price Performance

On Wall Street, Rapid7 Inc. [NASDAQ:RPD] finished ‎Monday’s session down -0.42% at $89.78. The stock went up to $91.00 at the same session while its ‎lowest single day price was $86.94. In the last five days, it saw a rise of about 0.56%, Rapid7 Inc. shares ‎dropped by almost -0.42% since the beginning of the year. However, the share price has dropped to as ‎low as -5.09% below its one year high. On 01/04/21, the company shares recorded $91.00, the highest ‎single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same ‎year at $86.94. The company’s shares have inclined by 52.95% in the past year. The 50-day SMA ‎achieved is $74.16 while the 200-day SMA is $58.71. Volume gained to 0.5 million from 0.3 million in the ‎previous session.

RPD Stock Support And Resistance Levels

On the 24-hour scale, the ‎immediate backing is perceived around 87.48 level, and in case of violation of this particular level, it will ‎cause more drop to 85.18 level. On the upper level, 93.30 is still the key resistance. The stock may ‎increase to the subsequent resistance at 91.54. The Relative Strength Index (RSI) pinned on the 14-day ‎chart is 69.12, implying a neutral technical stance while the MACD stands at 4.69, meaning price will ‎increase in the next trading period. Percent R indicator moved to 21.42%, implying bullish price ‎movement. Stochastic %K at 80.13% suggest selling the stock.

What is the short interest in Rapid7 ‎Inc.?

Short interest in the Rapid7 Inc. stock has surged, increasing by 0.39 million shares to total ‎‎5.6 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 5.99 million, ‎data from Yahoo Finance shows. The decrease of -6.96% suggests the stock saw some decreased ‎bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account ‎for just 10.93% of the overall float for the stock.

Rapid7 Inc.’s Biggest Shareholders: Who Owns ‎Rapid7 Inc. [RPD]?

Filings by The Vanguard Group, Inc. showed that the firm now holds a total of ‎‎4,133,683 shares or roughly 7.97% of the outstanding RPD shares. This means their shares have ‎reduced by -97,993 from the 4,133,683 the investor reportedly held in its prior 13-F filing. With the ‎conclusion of the sale, Wellington Management Co. LLP updated stake is worth $306,971,027. Details in ‎the latest 13F filings reveal that BlackRock Fund Advisors acquired their 1.40% stake valued at ‎‎$258,063,234 while Fidelity Management & Research Co added theirs at $231,478,644. During the last ‎quarter, BlackRock Fund Advisors raised 47,389 of its shares in Rapid7 Inc. while Fidelity Management ‎& Research Co bought 2,476,829 shares. The Wasatch Advisors, Inc.’s holdings currently number ‎‎1,987,747 shares at $178459925.66. According to the firm’s last 13F report, Federated Global ‎Investment Manag shares in the company at filing stood at 1,736,295 shares, roughly ‎‎$130,117,947.

RPD Earnings Forecast For The Current Quarter

Rapid7 Inc. [RPD] is expected ‎to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the ‎company expected revenues of $108.53M and an earnings per share of -$0.08 for Dec 2020. Looking ‎further ahead, the company is expected to report revenue of $111.86M at an EPS of -$0.04 for Mar ‎‎2021. The estimates represent upside of 18.90% and 236.40% in the company’s revenue and earnings ‎per share, respectively, on a year-on-year basis.

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RPD Earnings Estimates For The Current Year

For the ‎financial year, Rapid7 Inc. [NASDAQ:RPD] is expected to bring in revenue of $406.73M. The returns are ‎nearly $79.78 million higher than the company’s actual revenue recorded in the fiscal year 2019. In ‎terms of EPS for the 2020, estimate put it at -0.11, lower than that of FY19 by -$0.2. Estimates put this ‎year’s earnings growth at -222.20%, 236.40% for the next, and at an annual 52.30% over the next 5-‎year period. As for sales, forecasts are for an increase of 24.40% in the current fiscal year and a further ‎‎18.90% over the following year.‎

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