Rapid7 (NASDAQ:RPD) Has Been Downgraded Today by BTIG Research to a “Neutral”

June 18, 2018 - By Jimmy Baldridge

Rapid7, Inc. (NASDAQ:RPD) Logo

Rapid7 (NASDAQ:RPD) Receives a Downgrade

In a report sent to clients and investors today, BTIG Research lowered shares of Rapid7 (NASDAQ:RPD) to a “Neutral” rating from the previous “Buy” rating.

Rapid7, Inc. (NASDAQ:RPD) Ratings Coverage

Among 10 analysts covering Rapid7 (NASDAQ:RPD), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Rapid7 has $36 highest and $23 lowest target. $31.15’s average target is -6.90% below currents $33.46 stock price. Rapid7 had 15 analyst reports since January 24, 2018 according to SRatingsIntel. As per Friday, January 26, the company rating was maintained by RBC Capital Markets. The firm earned “Overweight” rating on Tuesday, January 30 by KeyBanc Capital Markets. Rosenblatt maintained the shares of RPD in report on Monday, February 12 with “Buy” rating. The firm has “Buy” rating by Northland Capital given on Wednesday, January 24. The company was maintained on Wednesday, January 24 by Cowen & Co. The firm has “Overweight” rating by KeyBanc Capital Markets given on Wednesday, May 9. On Monday, April 23 the stock rating was maintained by Needham with “Buy”. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, May 9 report. The rating was maintained by Cowen & Co on Friday, April 20 with “Buy”. Needham maintained the stock with “Buy” rating in Monday, February 12 report.

The stock decreased 1.33% or $0.45 during the last trading session, reaching $33.46. About 434,849 shares traded or 13.39% up from the average. Rapid7, Inc. (NASDAQ:RPD) has risen 68.68% since June 18, 2017 and is uptrending. It has outperformed by 56.11% the S&P500.

Analysts await Rapid7, Inc. (NASDAQ:RPD) to report earnings on August, 6. They expect $-0.28 EPS, down 7.69 % or $0.02 from last year’s $-0.26 per share. After $-0.33 actual EPS reported by Rapid7, Inc. for the previous quarter, Wall Street now forecasts -15.15 % EPS growth.

Rapid7, Inc. provides security data and analytics solutions that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The company has market cap of $1.55 billion. It offers threat exposure management solutions, including Nexpose, which enables clients to assess and remediate their exposure to cyber risk; Metasploit, a penetration testing software solution; and AppSpider, an application security testing solution. It currently has negative earnings. The firm also provides incident detection and response solutions, such as InsightIDR, a cloud based offering for incident detection and response; Managed Detection and Response, a managed service, which provides clients with attacker behavior analytics, machine learning algorithms, and threat intelligence to hunt attackers; and incident response services that provide clients with access to security experts and experience.

More news for Rapid7, Inc. (NASDAQ:RPD) were recently published by: Streetinsider.com, which released: “BTIG Downgrades Rapid7 (RPD) to Neutral” on June 18, 2018. Globenewswire.com‘s article titled: “Consolidated Research: 2018 Summary Expectations for ManTech International, Rapid7, Global Blood Therapeutics …” and published on June 04, 2018 is yet another important article.

Rapid7, Inc. (NASDAQ:RPD) Ratings Chart

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