Rapid7, Inc. (NASDAQ:RPD) Receives Consensus Recommendation of “Reduce” from Analysts

Rapid7, Inc. (NASDAQ:RPD) has received an average rating of “Reduce” from the twenty-two brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.0263.

A number of equities analysts have commented on the stock. Truist Financial lifted their price objective on shares of Rapid7 from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. decreased their target price on shares of Rapid7 from $11.00 to $7.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $11.00 price target on shares of Rapid7 in a report on Thursday, July 16th. Stifel Nicolaus dropped their price target on Rapid7 from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Finally, Mizuho boosted their price objective on Rapid7 from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th.

Hedge Funds Weigh In On Rapid7

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Rapid7 by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock worth $140,961,000 after buying an additional 653,498 shares during the last quarter. First Trust Advisors LP increased its position in Rapid7 by 48.3% during the fourth quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock valued at $35,356,000 after acquiring an additional 758,009 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Rapid7 by 1.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock valued at $40,716,000 after acquiring an additional 34,438 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Rapid7 by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock valued at $22,236,000 after acquiring an additional 78,448 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Rapid7 by 23.3% in the fourth quarter. Marshall Wace LLP now owns 1,404,686 shares of the technology company’s stock valued at $21,351,000 after acquiring an additional 265,413 shares during the period. Institutional investors own 95.66% of the company’s stock.

Rapid7 Trading Up 1.4%

Shares of Rapid7 stock opened at $9.62 on Thursday. Rapid7 has a twelve month low of $4.97 and a twelve month high of $23.02. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.69. The business has a 50-day moving average price of $8.66 and a 200-day moving average price of $8.18. The firm has a market cap of $642.90 million, a price-to-earnings ratio of 27.49 and a beta of 1.01.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share 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 quarter last year, the business posted $0.49 EPS. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Rapid7 will post 0.63 EPS for the current fiscal year.

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.