Rapid7 (NASDAQ:RPD) Upgraded to Buy at Wall Street Zen

Rapid7 (NASDAQ:RPD) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other analysts have also weighed in on RPD. Truist Financial decreased their price target on Rapid7 from $14.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rapid7 in a research note on Friday, March 27th. Zacks Research cut shares of Rapid7 from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Piper Sandler reduced their target price on shares of Rapid7 from $16.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Finally, Needham & Company LLC restated a “hold” rating on shares of Rapid7 in a report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $12.53.

Rapid7 Stock Performance

RPD opened at $5.37 on Monday. The stock has a 50-day moving average of $7.60 and a 200 day moving average of $13.19. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 5.77. Rapid7 has a 12 month low of $5.24 and a 12 month high of $27.10. The firm has a market cap of $353.83 million, a P/E ratio of 14.92 and a beta of 0.90.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $217.39 million for the quarter, compared to the consensus estimate of $215.17 million. Rapid7 had a return on equity of 47.33% and a net margin of 2.72%.The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. As a group, research analysts forecast that Rapid7 will post 0.35 EPS for the current year.

Institutional Investors Weigh In On Rapid7

A number of hedge funds and other institutional investors have recently made changes to their positions in RPD. Royal Bank of Canada raised its position in shares of Rapid7 by 26.8% during the 1st quarter. Royal Bank of Canada now owns 326,910 shares of the technology company’s stock worth $8,667,000 after purchasing an additional 69,122 shares during the last quarter. AQR Capital Management LLC purchased a new position in Rapid7 in the first quarter worth approximately $424,000. Woodline Partners LP increased its position in shares of Rapid7 by 48.0% during the 1st quarter. Woodline Partners LP now owns 86,712 shares of the technology company’s stock worth $2,299,000 after purchasing an additional 28,115 shares during the last quarter. Rhumbline Advisers increased its position in shares of Rapid7 by 17.4% during the second quarter. Rhumbline Advisers now owns 107,082 shares of the technology company’s stock valued at $2,477,000 after acquiring an additional 15,891 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Rapid7 by 8.8% in the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock valued at $197,000 after buying an additional 690 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

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.