Rapid7, Inc. (NASDAQ:RPD) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Rapid7, Inc. (NASDAQ:RPD) have been given an average recommendation of “Reduce” by the twenty-three ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $11.9816.

Several brokerages have recently weighed in on RPD. DA Davidson boosted their target price on Rapid7 from $5.25 to $9.00 and gave the stock an “underperform” rating in a report on Tuesday, August 11th. UBS Group boosted their price objective on Rapid7 from $7.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded Rapid7 from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Morgan Stanley lowered Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 price target on the stock. in a report on Tuesday, July 21st. Finally, Susquehanna upped their price objective on shares of Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th.

Rapid7 Price Performance

Shares of NASDAQ RPD opened at $11.85 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $798.69 million, a price-to-earnings ratio of 38.23 and a beta of 0.97. The firm’s 50 day simple moving average is $10.16 and its 200-day simple moving average is $7.99. Rapid7 has a 12 month low of $4.97 and a 12 month high of $21.27.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Analysts expect that Rapid7 will post 0.74 EPS for the current year.

Hedge Funds Weigh In On Rapid7

Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC grew its stake in shares of Rapid7 by 108.8% in the first quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock valued at $35,000 after buying an additional 3,304 shares in the last quarter. Allworth Financial LP purchased a new position in Rapid7 during the 2nd quarter valued at about $42,000. Headlands Technologies LLC acquired a new position in Rapid7 in the 2nd quarter valued at about $44,000. GAMMA Investing LLC increased its stake in Rapid7 by 20.6% during the second quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock worth $48,000 after purchasing an additional 1,000 shares during the period. Finally, KBC Group NV lifted its position in shares of Rapid7 by 124.0% during the fourth quarter. KBC Group NV now owns 3,310 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,832 shares in the last quarter. 95.66% of the stock is currently owned by hedge funds and other 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.