Rapid7’s (RPD) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of Rapid7 (NASDAQ:RPD) in a report published on Tuesday, MarketBeat.com reports. The firm currently has a $12.00 price target on the technology company’s stock.

A number of other brokerages also recently commented on RPD. Weiss Ratings reissued a “sell (d)” rating on shares of Rapid7 in a research report on Wednesday, June 24th. Wall Street Zen upgraded shares of Rapid7 from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Canaccord Genuity Group upped their target price on shares of Rapid7 from $7.00 to $14.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. Robert W. Baird increased their target price on shares of Rapid7 from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, Stephens reissued a “positive” rating on shares of Rapid7 in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Rapid7 presently has a consensus rating of “Reduce” and a consensus target price of $11.98.

Rapid7 Stock Performance

Shares of Rapid7 stock opened at $12.41 on Tuesday. The business has a 50-day moving average of $11.51 and a 200 day moving average of $8.48. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.80 and a quick ratio of 0.80. Rapid7 has a 12 month low of $4.97 and a 12 month high of $20.95. The stock has a market capitalization of $836.43 million, a price-to-earnings ratio of 40.03 and a beta of 1.01.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The firm had revenue of $210.88 million during the quarter, compared to analysts’ expectations of $208.23 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, sell-side analysts forecast that Rapid7 will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Rapid7

A number of hedge funds have recently modified their holdings of RPD. Sequoia Financial Advisors LLC acquired a new position in shares of Rapid7 in the 2nd quarter valued at $211,000. WINTON GROUP Ltd increased its stake in Rapid7 by 124.1% in the second quarter. WINTON GROUP Ltd now owns 26,600 shares of the technology company’s stock valued at $215,000 after purchasing an additional 14,732 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Rapid7 in the second quarter valued at $38,000. Allworth Financial LP raised its holdings in shares of Rapid7 by 511.3% in the second quarter. Allworth Financial LP now owns 5,245 shares of the technology company’s stock valued at $42,000 after buying an additional 4,387 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new stake in shares of Rapid7 during the second quarter worth about $429,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

About Rapid7

Rapid7, Inc (NASDAQ:RPD) is a cybersecurity company that helps organizations identify, assess and manage security risks across their IT environments. Its offerings are designed to provide visibility into vulnerabilities, endpoints, users, applications, cloud infrastructure and other technology assets, enabling customers to prioritize threats and respond to security incidents.

The company delivers many of its products through the Rapid7 Insight platform. Key offerings include InsightVM for vulnerability risk management, InsightIDR for security information and event detection and response, InsightCloudSec for cloud security and risk management, and InsightConnect for security orchestration and automation.