Scotiabank Has Positive Estimate for Rapid7 FY2026 Earnings

Rapid7, Inc. (NASDAQ:RPD) – Investment analysts at Scotiabank raised their FY2026 earnings estimates for shares of Rapid7 in a report released on Wednesday, May 6th. Scotiabank analyst P. Colville now anticipates that the technology company will earn $0.61 per share for the year, up from their prior forecast of $0.60. Scotiabank has a “Sector Perform” rating and a $7.00 price target on the stock. The consensus estimate for Rapid7’s current full-year earnings is $0.55 per share.

Several other brokerages have also commented on RPD. Zacks Research lowered shares of Rapid7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Susquehanna set a $8.00 price objective on shares of Rapid7 in a report on Thursday, February 12th. Robert W. Baird set a $8.00 price objective on shares of Rapid7 in a report on Wednesday. Piper Sandler decreased their price objective on shares of Rapid7 from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Truist Financial decreased their price objective on shares of Rapid7 from $8.00 to $6.00 and set a “hold” rating for the company in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $9.39.

Rapid7 Trading Up 2.1%

NASDAQ:RPD opened at $6.71 on Friday. The company has a fifty day moving average of $6.05 and a 200 day moving average of $11.16. Rapid7 has a 52 week low of $4.97 and a 52 week high of $27.10. The company has a quick ratio of 1.28, a current ratio of 0.78 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $448.04 million, a P/E ratio of 19.17 and a beta of 0.89.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Rapid7 had a net margin of 2.61% and a return on equity of 34.35%. The company had revenue of $209.69 million during the quarter, compared to analyst estimates of $207.94 million. During the same period in the prior year, the business posted $0.49 EPS. 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.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Commonwealth Financial Services LLC bought a new position in shares of Rapid7 in the 1st quarter worth about $184,000. Parallel Advisors LLC increased 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 acquiring an additional 3,304 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Rapid7 in the 1st quarter worth about $200,000. Bleakley Financial Group LLC bought a new position in shares of Rapid7 in the 1st quarter worth about $210,000. Finally, Principal Financial Group Inc. increased its stake in shares of Rapid7 by 70.9% in the 1st quarter. Principal Financial Group Inc. now owns 241,621 shares of the technology company’s stock worth $1,331,000 after acquiring an additional 100,213 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

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.