Analysts Set Rapid7, Inc. (NASDAQ:RPD) PT at $9.39

Rapid7, Inc. (NASDAQ:RPD) has earned a consensus rating of “Reduce” from the twenty-three brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.7105.

RPD has been the topic of a number of research analyst reports. Canaccord Genuity Group decreased their target price on Rapid7 from $10.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Rapid7 in a research note on Wednesday, February 11th. Scotiabank cut their target price 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. Zacks Research cut Rapid7 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Rapid7 in a research note on Friday, March 27th.

Rapid7 Price Performance

NASDAQ:RPD opened at $6.37 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $425.71 million, a P/E ratio of 18.20 and a beta of 0.89. Rapid7 has a 12 month low of $4.97 and a 12 month high of $27.10. The business’s 50-day moving average is $6.06 and its 200 day moving average is $10.98.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.36 EPS 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 the consensus estimate of $207.94 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the business 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. On average, equities research analysts forecast that Rapid7 will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Rapid7

A number of hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. lifted its holdings in Rapid7 by 8.8% during the second quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after buying an additional 690 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Rapid7 by 6.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,427 shares of the technology company’s stock worth $221,000 after buying an additional 732 shares during the period. CI Investments Inc. lifted its holdings in Rapid7 by 48.4% during the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after buying an additional 744 shares during the period. Y.D. More Investments Ltd lifted its holdings in Rapid7 by 10.8% during the third quarter. Y.D. More Investments Ltd now owns 9,625 shares of the technology company’s stock worth $187,000 after buying an additional 939 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Rapid7 by 1.6% during the third quarter. Nordea Investment Management AB now owns 79,546 shares of the technology company’s stock worth $1,524,000 after buying an additional 1,252 shares during the period. Hedge funds and other institutional investors 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.