Rapid7, Inc. (NASDAQ:RPD) Stock Has Average Price Target of $11.98

Rapid7, Inc. (NASDAQ:RPD) has earned a consensus rating of “Reduce” from the twenty-three analysts that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.98.

Several analysts have issued reports on RPD shares. Susquehanna upped their price objective on Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Citigroup reiterated a “neutral” rating on shares of Rapid7 in a research note on Wednesday, August 12th. UBS Group boosted their target price on Rapid7 from $7.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Piper Sandler boosted their target price on Rapid7 from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Mizuho increased their price target on Rapid7 from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th.

Rapid7 Stock Performance

NASDAQ RPD opened at $12.93 on Tuesday. The firm has a market capitalization of $871.48 million, a P/E ratio of 41.71 and a beta of 1.02. 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 firm’s fifty day moving average price is $12.10 and its two-hundred day moving average price is $9.18. Rapid7 has a 1 year low of $4.97 and a 1 year high of $19.84.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The company had revenue of $210.88 million during the quarter, compared to the consensus estimate of $208.23 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, research analysts anticipate that Rapid7 will post 0.76 EPS for the current year.

Hedge Funds Weigh In On Rapid7

Large investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in shares of Rapid7 in the second quarter valued at approximately $6,861,000. Bank of New York Mellon Corp bought a new position in shares of Rapid7 during the second quarter worth approximately $3,844,000. Man Group plc acquired a new stake in Rapid7 during the 2nd quarter worth approximately $3,409,000. Circumference Group LLC acquired a new stake in Rapid7 during the 4th quarter worth approximately $3,800,000. Finally, Quantinno Capital Management LP lifted its holdings in Rapid7 by 776.1% during the 1st quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock worth $1,435,000 after purchasing an additional 230,641 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

Rapid7 Company Profile

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.