Rapid7, Inc. (NASDAQ:RPD) Stock Has Consensus Target Price of $12.09

Shares of Rapid7, Inc. (NASDAQ:RPD) have earned an average rating of “Reduce” from the twenty-three analysts that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.09.

RPD has been the subject of a number of research analyst reports. Citigroup restated a “neutral” rating on shares of Rapid7 in a research report on Wednesday, August 12th. UBS Group lifted their target price on shares of Rapid7 from $7.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Truist Financial boosted their target price on shares of Rapid7 from $6.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Mizuho upped their price target on shares of Rapid7 from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, October 15th. Finally, Susquehanna raised their price target on shares of Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th.

Institutional Trading of Rapid7

A number of hedge funds have recently bought and sold shares of RPD. Chicago Partners Investment Group LLC acquired a new position in Rapid7 in the third quarter valued at approximately $179,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Rapid7 during the 3rd quarter worth about $405,000. Vise Technologies Inc. raised its position in Rapid7 by 32.4% in the 3rd quarter. Vise Technologies Inc. now owns 32,520 shares of the technology company’s stock valued at $397,000 after purchasing an additional 7,957 shares in the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in Rapid7 by 34.5% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 5,752 shares of the technology company’s stock valued at $70,000 after purchasing an additional 1,475 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in shares of Rapid7 by 1,771.9% in the 3rd quarter. Sterling Capital Management LLC now owns 23,530 shares of the technology company’s stock valued at $288,000 after buying an additional 22,273 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Price Performance

Shares of RPD opened at $14.85 on Friday. Rapid7 has a fifty-two week low of $4.97 and a fifty-two week high of $18.70. 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 company has a market capitalization of $1.00 billion, a P/E ratio of 47.90 and a beta of 1.02. The business’s 50-day moving average is $12.95 and its two-hundred day moving average is $9.53.

Rapid7 (NASDAQ:RPD) last announced its quarterly 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 company had revenue of $210.88 million during the quarter, compared to analysts’ expectations of $208.23 million. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%. Rapid7’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the business earned $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Research analysts predict that Rapid7 will post 0.76 earnings per share for the current year.

About Rapid7

Rapid7, Inc (NASDAQ:RPD) is a cybersecurity company that provides technology and services to help organizations identify, assess and manage security risk across their IT environments. Its offerings are designed to support security operations, vulnerability management, cloud security, application security and incident response.

The company’s product portfolio includes the Insight platform and solutions such as InsightVM for vulnerability risk management, InsightIDR for security detection and response, InsightCloudSec for cloud security and compliance, and InsightAppSec for application security testing.