Rapid7, Inc. (RPD) – What Are Researchers Thinking About This Stock?

Shares of Rapid7, Inc. (NASDAQ:RPD) have received a consensus recommendation of “Reduce” from the twenty-three analysts that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $13.97.

Several brokerages recently commented on RPD. Piper Sandler boosted their price target on Rapid7 from $12.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday. Scotiabank raised their price target on shares of Rapid7 from $10.15 to $14.50 and gave the stock a “sector perform” rating in a research note on Thursday. DA Davidson increased their price objective on shares of Rapid7 from $5.25 to $9.00 and gave the company an “underperform” rating in a research report on Tuesday, August 11th. Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 target price on shares of Rapid7 in a report on Tuesday, August 11th. Finally, Stifel Nicolaus lifted their price objective on shares of Rapid7 from $7.00 to $13.00 and gave the company a “hold” rating in a research report on Tuesday, August 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Diversified Trust Co boosted its stake in Rapid7 by 9.0% during the third quarter. Diversified Trust Co now owns 31,336 shares of the technology company’s stock worth $383,000 after acquiring an additional 2,578 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in shares of Rapid7 in the 3rd quarter valued at $437,000. Ethic Inc. boosted its holdings in shares of Rapid7 by 164.0% during the third quarter. Ethic Inc. now owns 28,416 shares of the technology company’s stock valued at $347,000 after acquiring an additional 17,653 shares during the period. Abacus Wealth Partners LLC purchased a new stake in shares of Rapid7 during the third quarter worth $212,000. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Rapid7 in the 3rd quarter worth approximately $179,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Key Headlines Impacting Rapid7

Here are the key news stories impacting Rapid7 this week:

• Positive Sentiment: Rapid7 reported Q3 earnings of $0.60 per share, above consensus estimates of about $0.45–$0.46, and revenue of $212.4 million, also ahead of expectations. The earnings beat is a positive signal, although revenue was down 2.5% year over year. Rapid7 Q3 earnings
• Positive Sentiment: Several analysts raised their price targets after the results. Piper Sandler lifted its target to $20 and UBS to $19, while Susquehanna and Citigroup raised theirs to $16. These revisions suggest improved potential upside, though the firms kept neutral ratings. Read More., Read More., Read More., Read More.
• Neutral Sentiment: Other target increases were more modest: Truist raised its target to $15 and RBC to $16, while Scotiabank moved to $14.50. The accompanying hold or sector-perform ratings indicate analysts remain cautious despite the higher targets. Truist price target
• Negative Sentiment: Barclays raised its target to $14 but maintained an underweight rating, and Scotiabank’s $14.50 target is slightly below the cited $14.68 share price. These calls temper the bullish impact of the broader target revisions. Read More., Read More.

Rapid7 Stock Performance

NASDAQ RPD opened at $14.68 on Friday. Rapid7 has a 1 year low of $4.97 and a 1 year high of $18.56. The company has a fifty day moving average price of $13.16 and a 200-day moving average price of $9.57. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $989.43 million, a price-to-earnings ratio of 69.91 and a beta of 0.90.

Rapid7 (NASDAQ:RPD) last released its earnings results on Wednesday, November 4th. The technology company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.14. The company had revenue of $212.40 million for the quarter, compared to analysts’ expectations of $209.05 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. Rapid7’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. As a group, equities research analysts predict that Rapid7 will post 0.79 EPS for the current fiscal year.

Rapid7 Company Profile

Rapid7, Inc (NASDAQ:RPD) is a cybersecurity company that provides technology and services to help organizations identify, assess and manage security risk across their IT environments. Its offerings are designed to support security operations, vulnerability management, cloud security, application security and incident response.

The company’s product portfolio includes the Insight platform and solutions such as InsightVM for vulnerability risk management, InsightIDR for security detection and response, InsightCloudSec for cloud security and compliance, and InsightAppSec for application security testing.