Rapid7, Inc. (NASDAQ:RPD) Receives $9.03 Consensus Target Price from Brokerages

Shares of Rapid7, Inc. (NASDAQ:RPD) have been given a consensus rating of “Reduce” by the twenty-two research firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $9.0263.

RPD has been the topic of several recent research reports. Mizuho increased their price target on Rapid7 from $8.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Morgan Stanley downgraded shares of Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 target price on the stock. in a research note on Tuesday. Robert W. Baird set a $8.00 target price on shares of Rapid7 in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price target on shares of Rapid7 from $11.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Piper Sandler cut their price target on shares of Rapid7 from $10.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th.

Rapid7 Trading Down 0.7%

RPD stock opened at $9.49 on Thursday. Rapid7 has a 1-year low of $4.97 and a 1-year high of $23.02. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $634.22 million, a price-to-earnings ratio of 27.12 and a beta of 1.01. The business has a 50 day simple moving average of $8.60 and a two-hundred day simple moving average of $8.25.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The firm had revenue of $209.69 million during the quarter, compared to analyst estimates of $207.94 million. During the same quarter last year, the business posted $0.49 earnings per share. The business’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 anticipate that Rapid7 will post 0.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Rapid7

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Rapid7 by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock valued at $140,961,000 after buying an additional 653,498 shares during the period. First Trust Advisors LP lifted its holdings 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 worth $35,356,000 after buying an additional 758,009 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 worth $40,716,000 after buying an additional 34,438 shares during the period. Geode Capital Management LLC boosted its position in Rapid7 by 5.7% during the 4th 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 in the last quarter. Finally, Marshall Wace LLP boosted its position in Rapid7 by 23.3% during the 4th 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 in the last quarter. 95.66% of the stock is currently owned by institutional investors.

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.