Rapid7 (NASDAQ:RPD) Stock Rating Lowered by Wall Street Zen

Rapid7 (NASDAQ:RPD) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus increased their price objective on Rapid7 from $7.00 to $13.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Scotiabank lifted their target price on Rapid7 from $7.00 to $10.15 and gave the company a “sector perform” rating in a research report on Tuesday, August 11th. Barclays upped their target price on Rapid7 from $6.50 to $12.00 and gave the stock an “underweight” rating in a report on Tuesday, August 11th. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price target on shares of Rapid7 in a research report on Tuesday, August 11th. Finally, Morgan Stanley lowered Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 price target on the stock. in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $11.98.

Rapid7 Stock Performance

Shares of RPD opened at $11.97 on Friday. Rapid7 has a 1-year low of $4.97 and a 1-year high of $20.95. The company has a 50-day moving average of $11.53 and a 200 day moving average of $8.52. The firm has a market capitalization of $806.78 million, a price-to-earnings ratio of 38.61 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.80 and a quick ratio of 0.80.

Rapid7 (NASDAQ:RPD) last released 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 company had revenue of $210.88 million during the quarter, compared to analysts’ expectations of $208.23 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, research analysts expect that Rapid7 will post 0.74 EPS for the current year.

Hedge Funds Weigh In On Rapid7

Large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in Rapid7 during the 2nd quarter valued at $38,000. Allworth Financial LP purchased a new position in shares of Rapid7 in the 2nd quarter valued at $42,000. GAMMA Investing LLC raised its position in shares of Rapid7 by 20.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock worth $48,000 after acquiring an additional 1,000 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Rapid7 by 108.8% in the 1st quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock worth $35,000 after acquiring an additional 3,304 shares in the last quarter. Finally, Green Alpha Advisors LLC purchased a new stake in shares of Rapid7 during the 2nd quarter worth $83,000. Institutional investors own 95.66% of the company’s stock.

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.