Brokerages Set Rapid7, Inc. (NASDAQ:RPD) Target Price at $11.98

Rapid7, Inc. (NASDAQ:RPD) has received an average rating of “Reduce” from the twenty-three analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $11.9816.

Several research firms have recently commented on RPD. Stifel Nicolaus upped their price objective on shares of Rapid7 from $7.00 to $13.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Stephens reissued a “positive” rating on shares of Rapid7 in a report on Tuesday, August 11th. Jefferies Financial Group restated a “hold” rating and set a $12.00 target price on shares of Rapid7 in a research report on Tuesday, August 11th. DA Davidson upped their price target on shares of Rapid7 from $5.25 to $9.00 and gave the company an “underperform” rating in a report on Tuesday, August 11th. Finally, Piper Sandler increased their price target on Rapid7 from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th.

Rapid7 Trading Down 3.1%

Shares of NASDAQ:RPD opened at $12.20 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.50. Rapid7 has a 52-week low of $4.97 and a 52-week high of $21.27. The stock has a market cap of $822.28 million, a price-to-earnings ratio of 39.35 and a beta of 0.97. The business has a 50-day moving average price of $9.97 and a 200-day moving average price of $7.96.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.The firm had revenue of $210.88 million for the quarter, compared to analyst estimates of $208.23 million. During the same quarter in the prior year, the firm earned $0.58 earnings per share. Rapid7’s revenue for the quarter was down 1.5% on a year-over-year basis. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Equities analysts predict that Rapid7 will post 0.69 EPS for the current year.

Institutional Trading of Rapid7

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in Rapid7 by 108.8% during the first quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock valued at $35,000 after acquiring an additional 3,304 shares in the last quarter. Allworth Financial LP purchased a new stake in Rapid7 in the 2nd quarter worth approximately $42,000. Headlands Technologies LLC purchased a new stake in Rapid7 in the 2nd quarter worth approximately $44,000. GAMMA Investing LLC grew its stake in shares of Rapid7 by 20.6% during the 2nd quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock worth $48,000 after purchasing an additional 1,000 shares during the period. Finally, KBC Group NV grew its stake in shares of Rapid7 by 124.0% during the 4th quarter. KBC Group NV now owns 3,310 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,832 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.

Rapid7 Company Profile

Rapid7, Inc is a publicly traded cybersecurity company headquartered in Boston, Massachusetts. Since its founding in 2000, the company has specialized in delivering cloud-based security data and analytics solutions designed to help organizations detect, investigate, and remediate cyber threats. Rapid7 operates under the NASDAQ symbol “RPD” and serves a broad range of industries, including technology, financial services, healthcare, retail, and the public sector.

The core of Rapid7’s offering is its Insight platform, a unified, cloud-native security operations and analytics suite.