Worth Watching: What’s Propelling Rapid7 Inc to Decline So Much?

Worth Watching: What's Propelling Rapid7 Inc to Decline So Much?

The stock of Rapid7 Inc (NASDAQ:RPD) is a huge mover today! About 117,351 shares traded hands. Rapid7 Inc (NASDAQ:RPD) has risen 11.48% since March 9, 2016 and is uptrending. It has outperformed by 4.07% the S&P500.
The move comes after 7 months negative chart setup for the $628.75M company. It was reported on Oct, 12 by Barchart.com. We have $14.31 PT which if reached, will make NASDAQ:RPD worth $50.30M less.

Analysts await Rapid7 Inc (NASDAQ:RPD) to report earnings on November, 10. They expect $-0.23 EPS, up 25.81% or $0.08 from last year’s $-0.31 per share. After $-0.31 actual EPS reported by Rapid7 Inc for the previous quarter, Wall Street now forecasts -25.81% EPS growth.

Rapid7 Inc (NASDAQ:RPD) Ratings Coverage

Out of 7 analysts covering Rapid7 (NASDAQ:RPD), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Rapid7 has been the topic of 14 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Rapid7 Inc (NASDAQ:RPD) has “Equal-Weight” rating given on Tuesday, August 11 by Barclays Capital. The firm earned “Outperform” rating on Tuesday, August 11 by William Blair. Barclays Capital maintained it with “Overweight” rating and $15 target price in Thursday, February 11 report. The firm earned “Equal-Weight” rating on Tuesday, August 11 by Morgan Stanley. The stock of Rapid7 Inc (NASDAQ:RPD) has “Overweight” rating given on Tuesday, August 9 by Barclays Capital. The company was initiated on Tuesday, August 11 by Raymond James. The firm has “Overweight” rating given on Friday, October 9 by Barclays Capital. The stock of Rapid7 Inc (NASDAQ:RPD) has “Outperform” rating given on Tuesday, August 11 by Cowen & Co. Pacific Crest initiated the stock with “Overweight” rating in Tuesday, August 11 report. The firm has “Buy” rating by Rosenblatt given on Friday, August 26.

According to Zacks Investment Research, “Rapid7, Inc. offers security data and analytics solutions. The Company provides solutions which consist of threat exposure management, incident detection and response solutions as well as security advisory services. Rapid7, Inc. is based in Boston, United States.”

More notable recent Rapid7 Inc (NASDAQ:RPD) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on June 17, 2015, also Streetinsider.com with their article: “Rapid7, Inc. (RPD) Promotes Andrew Burton to COO” published on October 04, 2016, Quotes.Wsj.com published: “News Rapid7 Inc.RPD” on July 10, 2015. More interesting news about Rapid7 Inc (NASDAQ:RPD) were released by: Fool.com and their article: “Why Rapid7, Inc. Stock Soared Today” published on July 17, 2015 as well as Streetinsider.com‘s news article titled: “Rapid7, Inc. (RPD) Acquires Logentries in $68M Deal” with publication date: October 13, 2015.

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