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

Rapid7, Inc. (NASDAQ:RPD) has received a consensus recommendation of “Reduce” from the twenty-two analysts that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.0263.

Several analysts have recently commented on RPD shares. Stifel Nicolaus reduced their price objective 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. Piper Sandler dropped their target price on shares of Rapid7 from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Canaccord Genuity Group cut their target price on shares of Rapid7 from $10.00 to $7.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Raymond James Financial set a $8.00 price target on shares of Rapid7 in a report on Wednesday, May 6th. Finally, Barclays decreased their price target on shares of Rapid7 from $8.00 to $6.50 and set an “underweight” rating for the company in a research note on Thursday, May 7th.

Institutional Trading of Rapid7

Several large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in Rapid7 by 113.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 163,844 shares of the technology company’s stock valued at $1,327,000 after buying an additional 87,178 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Rapid7 by 20.6% in the second 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. Versant Capital Management Inc increased its holdings in shares of Rapid7 by 13.4% during the second quarter. Versant Capital Management Inc now owns 10,469 shares of the technology company’s stock valued at $85,000 after acquiring an additional 1,238 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Rapid7 by 24.3% during the first quarter. Pacer Advisors Inc. now owns 469,912 shares of the technology company’s stock valued at $2,589,000 after acquiring an additional 91,905 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Rapid7 by 108.8% during the first quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock worth $35,000 after purchasing an additional 3,304 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Rapid7 Stock Down 6.6%

Shares of Rapid7 stock opened at $9.91 on Thursday. The stock’s 50-day moving average is $8.48 and its 200 day moving average is $8.27. Rapid7 has a one year low of $4.97 and a one year high of $23.26. The firm has a market cap of $662.29 million, a price-to-earnings ratio of 28.32 and a beta of 1.01. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.78 and a quick ratio of 0.78.

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

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.