Rapid7 (NASDAQ:RPD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Rapid7 (NASDAQ:RPD) from a hold rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of Rapid7 in a research report on Wednesday, August 12th. Royal Bank Of Canada boosted their target price on shares of Rapid7 from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 11th. Stifel Nicolaus upped their price target on shares of Rapid7 from $7.00 to $13.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Barclays increased their price target on Rapid7 from $6.50 to $12.00 and gave the company an “underweight” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $12.00 price objective on shares of Rapid7 in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $11.98.

Rapid7 Stock Performance

NASDAQ:RPD opened at $12.36 on Friday. Rapid7 has a twelve month low of $4.97 and a twelve month high of $20.17. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.50. The stock’s 50-day simple moving average is $11.78 and its 200 day simple moving average is $8.95. The firm has a market capitalization of $833.08 million, a PE ratio of 39.87 and a beta of 1.02.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. The firm had revenue of $210.88 million during the quarter, compared to the consensus estimate of $208.23 million. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, analysts anticipate that Rapid7 will post 0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Rapid7

Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Rapid7 in the second quarter valued at about $38,000. Allworth Financial LP bought a new stake in Rapid7 in the second quarter valued at approximately $42,000. GAMMA Investing LLC boosted its holdings in Rapid7 by 20.6% in the second quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock valued at $48,000 after acquiring an additional 1,000 shares during the last quarter. Parallel Advisors LLC increased its position in Rapid7 by 108.8% during the 1st quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock valued at $35,000 after purchasing an additional 3,304 shares during the period. Finally, Green Alpha Advisors LLC acquired a new stake in Rapid7 during the 2nd quarter valued at approximately $83,000. Institutional investors own 95.66% of the company’s stock.

About Rapid7

Rapid7, Inc is a cybersecurity software and services company that helps organizations identify, assess and manage security risks across their technology environments. Its offerings are designed to provide visibility into vulnerabilities, threats and incidents across on-premises infrastructure, cloud environments, applications and user endpoints.

The company’s portfolio includes vulnerability risk management, security information and event management, extended detection and response, managed detection and response, cloud security, application security and threat intelligence solutions.