As of close of business last night, Rapid7 Inc’s stock clocked out at $54.44, down -2.54% from its previous closing price of $55.86. In other words, the price has decreased by -$1.42 from its previous closing price. On the day, 676090 shares were traded.
Ratios:
To gain a deeper understanding of RPD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.78. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on January 29, 2024, Upgraded its rating to Buy and sets its target price to $70 from $53 previously.
On January 09, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $54 to $65.
On December 15, 2023, Susquehanna started tracking the stock assigning a Neutral rating and target price of $55.Susquehanna initiated its Neutral rating on December 15, 2023, with a $55 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 29 ’24 when Adams Timothy M sold 15,000 shares for $58.56 per share. The transaction valued at 878,388 led to the insider holds 170,739 shares of the business.
Burton Andrew F. sold 17,000 shares of RPD for $912,592 on Jan 03 ’24. The Chief Operating Officer now owns 224,038 shares after completing the transaction at $53.68 per share. On Nov 20 ’23, another insider, Burton Andrew F., who serves as the Chief Operating Officer of the company, sold 38,577 shares for $52.47 each. As a result, the insider received 2,024,007 and left with 241,038 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RPD now has a Market Capitalization of 3.46B and an Enterprise Value of 4.10B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.34. Its current Enterprise Value per Revenue stands at 5.28 whereas that against EBITDA is -104.86.
Stock Price History:
Over the past 52 weeks, RPD has reached a high of $61.88, while it has fallen to a 52-week low of $37.29. The 50-Day Moving Average of the stock is 56.47, while the 200-Day Moving Average is calculated to be 50.19.
Shares Statistics:
It appears that RPD traded 788.74K shares on average per day over the past three months and 695.33k shares per day over the past ten days. A total of 61.71M shares are outstanding, with a floating share count of 60.14M. Insiders hold about 2.98% of the company’s shares, while institutions hold 98.60% stake in the company. Shares short for RPD as of Feb 15, 2024 were 4.32M with a Short Ratio of 5.48, compared to 3.81M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.00% and a Short% of Float of 8.96%.
Earnings Estimates
As of right now, 21 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.54 for the current quarter, with a high estimate of $0.57 and a low estimate of $0.52, while EPS last year was $0.16. The consensus estimate for the next quarter is $0.52, with high estimates of $0.58 and low estimates of $0.42.
Analysts are recommending an EPS of between $2.28 and $2.11 for the fiscal current year, implying an average EPS of $2.17. EPS for the following year is $2.42, with 21 analysts recommending between $2.62 and $2.22.
Revenue Estimates
In the current quarter, 20 analysts expect revenue to total $204.03M. It ranges from a high estimate of $205.03M to a low estimate of $203.15M. As of the current estimate, Rapid7 Inc’s year-ago sales were $183.17M, an estimated increase of 11.40% from the year-ago figure. For the next quarter, 20 analysts are estimating revenue of $209.63M, an increase of 11.40% over than the figure of $11.40% in the same quarter last year. There is a high estimate of $212.4M for the next quarter, whereas the lowest estimate is $206.44M.
A total of 21 analysts have provided revenue estimates for RPD’s current fiscal year. The highest revenue estimate was $856.02M, while the lowest revenue estimate was $851M, resulting in an average revenue estimate of $853.07M. In the same quarter a year ago, actual revenue was $777.71M, up 9.70% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $946.98M in the next fiscal year. The high estimate is $972.84M and the low estimate is $929M. The average revenue growth estimate for next year is up 11.00% from the average revenue estimate for this year.
