Rapid7 (NASDAQ:RPD) Downgraded to “Hold” Rating by Wall Street Zen

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

Other equities analysts have also recently issued reports about the company. Stephens reissued a “positive” rating on shares of Rapid7 in a report on Tuesday, August 11th. DA Davidson upped their target price on Rapid7 from $5.25 to $9.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 11th. Susquehanna increased their price target on shares of Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price target on shares of Rapid7 in a research note on Tuesday, August 11th. Finally, Mizuho boosted their price objective on shares of Rapid7 from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $11.98.

Rapid7 Stock Down 3.5%

Shares of NASDAQ:RPD opened at $11.97 on Friday. Rapid7 has a 52-week low of $4.97 and a 52-week high of $20.95. The firm has a fifty day moving average of $11.53 and a 200 day moving average of $8.50. The firm has a market capitalization of $806.78 million, a PE ratio of 38.61 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80.

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, beating analysts’ consensus estimates of $0.35 by $0.09. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.The business had revenue of $210.88 million for the quarter, compared to the consensus estimate of $208.23 million. During the same quarter last year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, research analysts anticipate that Rapid7 will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP raised its holdings in Rapid7 by 776.1% during the 1st quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock valued at $1,435,000 after buying an additional 230,641 shares during the last quarter. Renaissance Technologies LLC boosted its position in Rapid7 by 535.0% during the 1st quarter. Renaissance Technologies LLC now owns 149,196 shares of the technology company’s stock valued at $822,000 after buying an additional 125,700 shares during the period. Pacer Advisors Inc. grew its holdings in Rapid7 by 24.3% in the 1st quarter. Pacer Advisors Inc. now owns 469,912 shares of the technology company’s stock worth $2,589,000 after acquiring an additional 91,905 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Rapid7 by 113.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 163,844 shares of the technology company’s stock worth $1,327,000 after acquiring an additional 87,178 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Rapid7 in the first quarter valued at about $1,048,000. Institutional investors own 95.66% of the company’s stock.

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.