Mizuho Cuts Rapid7 (NASDAQ:RPD) Price Target to $16.00

Rapid7 (NASDAQ:RPD) had its price objective lowered by equities research analysts at Mizuho from $20.00 to $16.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Mizuho’s price target would suggest a potential upside of 27.90% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Wall Street Zen cut Rapid7 from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Morgan Stanley reaffirmed an “outperform” rating and set a $18.00 target price on shares of Rapid7 in a report on Thursday, December 18th. Jefferies Financial Group set a $18.00 price objective on shares of Rapid7 in a research report on Tuesday, December 16th. Susquehanna set a $15.00 price target on shares of Rapid7 in a report on Thursday, November 6th. Finally, Royal Bank Of Canada lowered their target price on shares of Rapid7 from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Rapid7 presently has a consensus rating of “Hold” and an average price target of $19.79.

Rapid7 Trading Down 1.0%

RPD opened at $12.51 on Wednesday. The company has a debt-to-equity ratio of 7.01, a quick ratio of 1.19 and a current ratio of 1.19. The stock’s 50 day moving average price is $14.83 and its 200-day moving average price is $18.15. Rapid7 has a one year low of $12.25 and a one year high of $40.25. The stock has a market cap of $819.17 million, a price-to-earnings ratio of 36.79 and a beta of 0.79.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.12. The business had revenue of $217.96 million during the quarter, compared to analysts’ expectations of $216.14 million. Rapid7 had a return on equity of 67.30% and a net margin of 2.61%.The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. On average, equities analysts forecast that Rapid7 will post 0.35 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mike Burns purchased 2,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was acquired at an average price of $13.80 per share, with a total value of $27,600.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $69,000. This represents a 66.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Marc Evan Brown purchased 3,000 shares of the stock in a transaction dated Tuesday, November 25th. The stock was acquired at an average price of $15.21 per share, for a total transaction of $45,630.00. Following the completion of the transaction, the director directly owned 51,882 shares of the company’s stock, valued at approximately $789,125.22. The trade was a 6.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 67,345 shares of company stock valued at $1,025,202. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Rapid7

A number of hedge funds and other institutional investors have recently modified their holdings of RPD. Acadian Asset Management LLC grew its holdings in Rapid7 by 136.7% in the 2nd quarter. Acadian Asset Management LLC now owns 169,955 shares of the technology company’s stock valued at $3,924,000 after buying an additional 98,161 shares during the period. Penserra Capital Management LLC grew its position in Rapid7 by 45.3% in the second quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock valued at $63,172,000 after acquiring an additional 851,108 shares in the last quarter. CenterBook Partners LP grew its stake in Rapid7 by 68.9% during the 2nd quarter. CenterBook Partners LP now owns 253,629 shares of the technology company’s stock valued at $5,866,000 after purchasing an additional 103,504 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Rapid7 by 366.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 144,707 shares of the technology company’s stock valued at $2,713,000 after purchasing an additional 113,664 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Rapid7 by 4.6% in the second quarter. First Trust Advisors LP now owns 1,543,770 shares of the technology company’s stock worth $35,707,000 after purchasing an additional 67,801 shares during the period. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Rapid7 Company Profile

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.