Rapid7, Inc. (NASDAQ:RPD) Receives $8.71 Average PT from Analysts

Shares of Rapid7, Inc. (NASDAQ:RPD) have earned an average recommendation of “Reduce” from the twenty-two ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $8.7105.

A number of equities research analysts have commented on RPD shares. Barclays reduced their target price on Rapid7 from $8.00 to $6.50 and set an “underweight” rating for the company in a report on Thursday, May 7th. JPMorgan Chase & Co. cut their price target on shares of Rapid7 from $11.00 to $7.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Morgan Stanley upgraded shares of Rapid7 from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Canaccord Genuity Group decreased their price objective on shares of Rapid7 from $10.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Finally, Wall Street Zen lowered shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th.

Rapid7 Stock Performance

NASDAQ RPD opened at $9.29 on Friday. The stock has a market capitalization of $620.85 million, a price-to-earnings ratio of 26.54 and a beta of 1.01. The business’s 50 day moving average is $7.11 and its two-hundred day moving average is $8.68. Rapid7 has a 12-month low of $4.97 and a 12-month high of $25.85. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.69.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The business had revenue of $209.69 million during the quarter, compared to analysts’ expectations of $207.94 million. During the same period last year, the firm earned $0.49 EPS. The company’s quarterly revenue was down .3% compared to the same quarter last year. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. Research analysts expect that Rapid7 will post 0.63 EPS for the current year.

Institutional Investors Weigh In On Rapid7

A number of institutional investors and hedge funds have recently modified their holdings of RPD. Royal Bank of Canada increased its position in shares of Rapid7 by 26.8% in the first quarter. Royal Bank of Canada now owns 326,910 shares of the technology company’s stock valued at $8,667,000 after buying an additional 69,122 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Rapid7 in the 1st quarter worth about $424,000. Woodline Partners LP grew its stake in Rapid7 by 48.0% in the 1st quarter. Woodline Partners LP now owns 86,712 shares of the technology company’s stock valued at $2,299,000 after acquiring an additional 28,115 shares during the last quarter. Prudential Financial Inc. grew its stake in Rapid7 by 8.8% in the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock valued at $197,000 after acquiring an additional 690 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Rapid7 by 27.2% during the 2nd quarter. Invesco Ltd. now owns 62,786 shares of the technology company’s stock valued at $1,452,000 after acquiring an additional 13,418 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

About Rapid7

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.