Rapid7 (NASDAQ:RPD) Stock Rating Raised to Buy at Wall Street Zen

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

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and set a $12.00 target price on shares of Rapid7 in a research report on Tuesday, September 15th. Piper Sandler increased their price objective on shares of Rapid7 from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Susquehanna lifted their target price on shares of Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Stephens reaffirmed a “positive” rating on shares of Rapid7 in a research report on Tuesday, August 11th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $15.00 price target on shares of Rapid7 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $11.98.

Rapid7 Price Performance

Shares of Rapid7 stock opened at $12.19 on Friday. Rapid7 has a twelve month low of $4.97 and a twelve month high of $20.17. The stock has a market capitalization of $821.61 million, a P/E ratio of 39.32 and a beta of 1.02. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The business’s fifty day moving average price is $11.72 and its 200 day moving average price is $8.89.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. The company had revenue of $210.88 million during the quarter, compared to analyst estimates of $208.23 million. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, research analysts anticipate that Rapid7 will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On Rapid7

A number of hedge funds have recently bought and sold shares of RPD. Sequoia Financial Advisors LLC purchased a new position in shares of Rapid7 during the 2nd quarter valued at approximately $211,000. WINTON GROUP Ltd increased its stake in shares of Rapid7 by 124.1% in the second quarter. WINTON GROUP Ltd now owns 26,600 shares of the technology company’s stock worth $215,000 after buying an additional 14,732 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Rapid7 in the second quarter worth $38,000. Allworth Financial LP raised its holdings in Rapid7 by 511.3% in the second quarter. Allworth Financial LP now owns 5,245 shares of the technology company’s stock valued at $42,000 after acquiring an additional 4,387 shares in the last quarter. Finally, Corient Private Wealth LP acquired a new stake in shares of Rapid7 in the 2nd quarter valued at about $429,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc is a cybersecurity software and services company that helps organizations identify, assess and manage security risks across their technology environments. Its offerings are designed to provide visibility into vulnerabilities, threats and incidents across on-premises infrastructure, cloud environments, applications and user endpoints.

The company’s portfolio includes vulnerability risk management, security information and event management, extended detection and response, managed detection and response, cloud security, application security and threat intelligence solutions.