Rapid7 Inc. (NASDAQ: RPD) Shares Downgraded at Zacks Investment Research

Analysts at Zacks Investment Research downgraded shares of Rapid7 Inc. (NASDAQ: RPD) from Hold to Sell in a research note to investors today.With a rating of Sell on the shares, Rapid7 Inc. has a 52-week high of $25.19. A number of other analysts have spoken on the company recently, and Rapid7 Inc. has secured a consensus one-year price target of $19.71, above the opening price of $16.63. considerable and fundamental digressions in the company’s procedures, future outlook or industry can cause downgrades as the analysts believe that the future prospects for the security have weakened from the initial recommendation.

U.S. stocks on Monday closed mostly flat, after trading firmly higher, in a volatile session ahead of the start of a pair of closely watched central-bank policy meetings.

The Dow Jones Industrial Average DJIA, -0.02% closed down 3.63 points at 18,120.17.

The blue-chip index had been up by as much as 131 points earlier and traded within a 162-point range.

The S&P 500 SPX, +0.00% slipped 0.04 points to close at 2,139.12, after trading within an 18-point range

Meanwhile, the Nasdaq Composite Index COMP, -0.18% declined 9.54 points, or 0.2%, to close at 5,235.03.

Earlier, the Nasdaq Composite Index had been up by as many as 37 points and traded with a 58-point range

Shares of Rapid7 Inc. (NASDAQ: RPD) opened at $16.63 yesterday and traded in a range between, $16.35 and $16.72, and last traded at $16.38, which is a drop of $0.17 over the previous closing price.

Rapid7 Inc. (NASDAQ: RPD) now has a market cap of 665.57M.

The stock’s average daily volume is 275,358 shares out of a total float 15,914,000 and some 18,581 shares traded hands yesterday, 8 percent below the norm. Look for trading volume to pick up in the coming days as swing traders often use increases in trading volume to pinpoint large volume accumulation or dissemination by institutional investors.

However, a single day of heavy buy side trading is not enough to assert a trend. So market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

Institutional investors such as these have substantial teams of analysts that investigate thousands of stocks. Thus, watching their interests is a good way to make sure you are buying the right stocks.

By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.

With that in mind, Rapid7 Inc. (NASDAQ: RPD) now has a 50-day MA of $16.73 and 200-day MA of $13.87. It has traded in a 52-week range between $9.05 – 25.19 and today’s last price is 0.35% lower than the 52 week high of $25.19.

Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors identify companies that have raised their earnings by at least 25% over a 3 year period.

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