Rapid7, Inc. (NASDAQ:RPD) Given Average Rating of “Reduce” by Analysts

Shares of Rapid7, Inc. (NASDAQ:RPD) have earned an average recommendation of “Reduce” from the twenty-two brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $8.7105.

A number of research firms have weighed in on RPD. Stifel Nicolaus decreased their target price on shares of Rapid7 from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. DA Davidson increased their price target on Rapid7 from $5.25 to $6.50 and gave the stock an “underperform” rating in a report on Tuesday, June 2nd. Barclays reduced their price objective on shares of Rapid7 from $8.00 to $6.50 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rapid7 in a research report on Wednesday.

Institutional Trading of Rapid7

Several hedge funds have recently bought and sold shares of RPD. Parallel Advisors LLC boosted its stake 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 buying an additional 3,304 shares during the last quarter. Sound Income Strategies LLC bought a new position in shares of Rapid7 during the 4th quarter valued at about $40,000. CI Investments Inc. grew its holdings in shares of Rapid7 by 48.4% during the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock valued at $43,000 after purchasing an additional 744 shares during the last quarter. Headlands Technologies LLC bought a new stake in Rapid7 in the 2nd quarter worth $44,000. Finally, KBC Group NV grew its holdings in Rapid7 by 124.0% in the 4th quarter. KBC Group NV now owns 3,310 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,832 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Stock Up 7.6%

RPD stock opened at $7.61 on Friday. Rapid7 has a 52 week low of $4.97 and a 52 week high of $25.85. The company has a market cap of $508.58 million, a PE ratio of 21.74 and a beta of 1.03. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.69. The business has a 50-day simple moving average of $6.84 and a 200 day simple moving average of $8.95.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The company had revenue of $209.69 million during the quarter, compared to the consensus estimate of $207.94 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The firm’s revenue was down .3% compared to the same quarter last year. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. Sell-side analysts anticipate that Rapid7 will post 0.63 EPS for the current fiscal year.

Rapid7 Company Profile

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.