Rapid7, Inc. (NASDAQ:RPD) Receives $11.98 Consensus PT from Analysts

Shares of Rapid7, Inc. (NASDAQ:RPD) have been given an average rating of “Reduce” by the twenty-three research firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $11.9816.

RPD has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on shares of Rapid7 from $7.00 to $13.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. raised their price objective on shares of Rapid7 from $7.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Susquehanna upped their target price on Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Rapid7 in a report on Wednesday, June 24th. Finally, Citigroup restated a “neutral” rating on shares of Rapid7 in a report on Wednesday, August 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Rapid7 by 114.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock valued at $49,409,000 after acquiring an additional 1,142,148 shares in the last quarter. Bank of America Corp DE purchased a new position in Rapid7 in the second quarter valued at about $6,861,000. First Trust Advisors LP raised its holdings in Rapid7 by 48.3% in the fourth quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock worth $35,356,000 after purchasing an additional 758,009 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Rapid7 in the second quarter worth about $3,844,000. Finally, Marshall Wace LLP lifted its position in shares of Rapid7 by 60.9% during the third quarter. Marshall Wace LLP now owns 1,139,273 shares of the technology company’s stock valued at $21,361,000 after buying an additional 431,195 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

Rapid7 Stock Performance

RPD opened at $10.31 on Friday. The firm has a market cap of $694.89 million, a P/E ratio of 33.26 and a beta of 1.01. Rapid7 has a 12 month low of $4.97 and a 12 month high of $20.95. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average of $11.40 and a 200 day moving average of $8.30.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.09. The business had revenue of $210.88 million during the quarter, compared to analyst estimates of $208.23 million. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the company earned $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, research analysts forecast that Rapid7 will post 0.74 EPS for the current year.

About Rapid7

Rapid7, Inc (NASDAQ:RPD) is a cybersecurity company that helps organizations identify, assess and manage security risks across their IT environments. Its offerings are designed to provide visibility into vulnerabilities, endpoints, users, applications, cloud infrastructure and other technology assets, enabling customers to prioritize threats and respond to security incidents.

The company delivers many of its products through the Rapid7 Insight platform. Key offerings include InsightVM for vulnerability risk management, InsightIDR for security information and event detection and response, InsightCloudSec for cloud security and risk management, and InsightConnect for security orchestration and automation.