Rapid7 (NASDAQ:RPD) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Rapid7 (NASDAQ:RPD) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Several other analysts have also issued reports on the stock. Citigroup restated a “neutral” rating on shares of Rapid7 in a research report on Wednesday, August 12th. UBS Group increased their target price on shares of Rapid7 from $7.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Stephens reissued a “positive” rating on shares of Rapid7 in a research report on Tuesday, August 11th. Barclays boosted their price target on Rapid7 from $6.50 to $12.00 and gave the company an “underweight” rating in a research note on Tuesday, August 11th. Finally, Scotiabank upped their price target on Rapid7 from $7.00 to $10.15 and gave the company a “sector perform” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Rapid7 presently has a consensus rating of “Reduce” and a consensus target price of $11.98.

Rapid7 Trading Up 4.2%

Rapid7 stock opened at $12.47 on Friday. Rapid7 has a 52 week low of $4.97 and a 52 week high of $20.95. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $840.48 million, a PE ratio of 40.23 and a beta of 1.01. The business’s 50-day simple moving average is $11.54 and its 200-day simple moving average is $8.56.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. LSV Asset Management boosted its stake in shares of Rapid7 by 25.1% in the 4th quarter. LSV Asset Management now owns 982,397 shares of the technology company’s stock valued at $14,932,000 after purchasing an additional 197,397 shares in the last quarter. Invenomic Capital Management LP increased its position in shares of Rapid7 by 1.8% during the 4th quarter. Invenomic Capital Management LP now owns 627,983 shares of the technology company’s stock worth $9,545,000 after purchasing an additional 11,283 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Rapid7 during the 2nd quarter worth about $6,861,000. SG Americas Securities LLC lifted its holdings in Rapid7 by 32.4% during the 1st quarter. SG Americas Securities LLC now owns 817,649 shares of the technology company’s stock valued at $4,505,000 after purchasing an additional 200,033 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Rapid7 during the 2nd quarter valued at about $3,844,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Rapid7 Company Profile

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.