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

Rapid7, Inc. (NASDAQ:RPD) has been assigned a consensus recommendation of “Reduce” from the twenty-two ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $8.7105.

A number of equities analysts have recently weighed in on RPD shares. JPMorgan Chase & Co. lowered their target price on Rapid7 from $11.00 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Barclays lowered their target price on Rapid7 from $8.00 to $6.50 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. Robert W. Baird set a $8.00 target price on Rapid7 in a research note on Wednesday, May 6th. Scotiabank lowered their price objective on Rapid7 from $9.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Finally, Raymond James Financial set a $8.00 price objective on Rapid7 in a research note on Wednesday, May 6th.

Hedge Funds Weigh In On Rapid7

A number of hedge funds have recently added to or reduced their stakes in RPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rapid7 by 114.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock worth $49,409,000 after acquiring an additional 1,142,148 shares during the period. LSV Asset Management bought a new position in Rapid7 during the 3rd quarter worth $14,719,000. JANA Partners Management LP increased its stake in Rapid7 by 13.5% during the 3rd quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock worth $121,915,000 after acquiring an additional 772,194 shares during the period. First Trust Advisors LP increased its stake in Rapid7 by 48.3% during the 4th quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock worth $35,356,000 after acquiring an additional 758,009 shares during the period. Finally, Vanguard Group Inc. increased its stake in Rapid7 by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock worth $140,961,000 after acquiring an additional 653,498 shares during the period. Institutional investors own 95.66% of the company’s stock.

Rapid7 Price Performance

Shares of NASDAQ RPD opened at $8.43 on Wednesday. The firm has a market cap of $563.38 million, a P/E ratio of 24.09 and a beta of 1.03. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.69. Rapid7 has a 1-year low of $4.97 and a 1-year high of $25.85. The business’s 50 day moving average is $6.22 and its 200-day moving average is $9.92.

Rapid7 (NASDAQ:RPD) last announced 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. The company had revenue of $209.69 million for the quarter, compared to analyst estimates of $207.94 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. 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 predict that Rapid7 will post 0.63 earnings per share 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.