Rapid7, Inc. (RPD) Reaches $28.21 High on Apr, 17; Last Week Independence Realty Trust, Inc. (IRT) Coverage

April 17, 2018 - By Winifred Garcia

Rapid7, Inc. (NASDAQ:RPD) Logo

The stock of Rapid7, Inc. (NASDAQ:RPD) reached all time high today, Apr, 17 and still has $29.90 target or 6.00% above today’s $28.21 share price. This indicates more upside for the $1.29B company. This technical setup was reported by Barchart.com. If the $29.90 PT is reached, the company will be worth $77.10 million more. The stock increased 2.96% or $0.81 during the last trading session, reaching $28.21. About 150,679 shares traded. Rapid7, Inc. (NASDAQ:RPD) has risen 77.89% since April 17, 2017 and is uptrending. It has outperformed by 66.34% the S&P500.

Among 6 analysts covering Independence Realty Trust (NYSE:IRT), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Independence Realty Trust had 6 analyst reports since September 2, 2015 according to SRatingsIntel. The firm has “Hold” rating by Zacks given on Wednesday, September 2. The rating was maintained by Compass Point on Monday, November 2 with “Buy”. The firm has “Outperform” rating given on Thursday, June 15 by FBR Capital. Deutsche Bank reinitiated the stock with “Hold” rating in Monday, September 28 report. The firm has “Sector Weight” rating given on Tuesday, December 5 by KeyBanc Capital Markets. See Independence Realty Trust, Inc. (NYSE:IRT) latest ratings:

05/12/2017 Broker: KeyBanc Capital Markets Rating: Sector Weight Initiate

Among 16 analysts covering Rapid7 (NASDAQ:RPD), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Rapid7 has $3400 highest and $15 lowest target. $27.43’s average target is -2.76% below currents $28.21 stock price. Rapid7 had 42 analyst reports since August 11, 2015 according to SRatingsIntel. Rosenblatt maintained Rapid7, Inc. (NASDAQ:RPD) on Wednesday, December 13 with “Buy” rating. Northland Capital maintained Rapid7, Inc. (NASDAQ:RPD) rating on Friday, July 14. Northland Capital has “Buy” rating and $2300 target. On Friday, June 16 the stock rating was maintained by Cowen & Co with “Buy”. The firm earned “Equal-Weight” rating on Tuesday, August 11 by Barclays Capital. On Sunday, September 24 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Rapid7, Inc. (NASDAQ:RPD) has “Buy” rating given on Wednesday, September 6 by Cowen & Co. The stock of Rapid7, Inc. (NASDAQ:RPD) has “Positive” rating given on Tuesday, August 8 by Susquehanna. The rating was maintained by Northland Capital on Thursday, October 5 with “Buy”. On Sunday, August 20 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Outperform” rating given on Tuesday, August 11 by Raymond James.

Analysts await Rapid7, Inc. (NASDAQ:RPD) to report earnings on May, 8 after the close. They expect $-0.30 EPS, down 25.00% or $0.06 from last year’s $-0.24 per share. After $-0.29 actual EPS reported by Rapid7, Inc. for the previous quarter, Wall Street now forecasts 3.45% negative 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 $1.29 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.

Since February 22, 2018, it had 2 insider buys, and 0 insider sales for $145,775 activity. Sebra James J bought 2,500 shares worth $20,825. $124,950 worth of stock was bought by SCHAEFFER SCOTT on Thursday, February 22.

Independence Realty Trust, Inc is a real estate investment trust. The company has market cap of $852.13 million. The firm invests in the real estate markets of the United States. It has a 23.73 P/E ratio. It makes investments in apartment properties to create its portfolio.

Independence Realty Trust, Inc. (NYSE:IRT) Institutional Positions Chart

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