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”.
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.
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.