JPMorgan Chase & Co. Reaffirms “Underweight” Rating for Rapid7 (NASDAQ:RPD)

Rapid7 (NASDAQ:RPD)‘s stock had its “underweight” rating reissued by research analysts at JPMorgan Chase & Co. in a report released on Tuesday, Benzinga reports. They presently have a $12.00 target price on the technology company’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 3.08% from the stock’s current price.

RPD has been the topic of a number of other reports. Morgan Stanley downgraded Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 target price on the stock. in a research report on Tuesday, July 21st. Robert W. Baird increased their price target on shares of Rapid7 from $8.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Stephens reiterated a “positive” rating on shares of Rapid7 in a research note on Tuesday, August 11th. DA Davidson lifted their price target on shares of Rapid7 from $5.25 to $9.00 and gave the company an “underperform” rating in a report on Tuesday, August 11th. Finally, UBS Group increased 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. One research analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rapid7 has an average rating of “Reduce” and a consensus price target of $11.98.

Rapid7 Price Performance

Shares of NASDAQ RPD traded down $0.41 during midday trading on Tuesday, hitting $12.38. The company had a trading volume of 681,502 shares, compared to its average volume of 2,126,496. Rapid7 has a twelve month low of $4.97 and a twelve month high of $20.95. The firm has a market capitalization of $834.48 million, a price-to-earnings ratio of 39.90 and a beta of 1.01. The business has a 50-day simple moving average of $11.44 and a two-hundred day simple moving average of $8.35. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.50.

Rapid7 (NASDAQ:RPD) last posted its 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. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The business had revenue of $210.88 million for the quarter, compared to analyst estimates of $208.23 million. During the same quarter in the previous year, the business posted $0.58 EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Equities research analysts anticipate that Rapid7 will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RPD. Parallel Advisors LLC increased its position 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 acquiring an additional 3,304 shares during the period. Integrated Wealth Concepts LLC bought a new position in Rapid7 in the second quarter worth $38,000. Allworth Financial LP purchased a new position in Rapid7 during the 2nd quarter valued at about $42,000. GAMMA Investing LLC boosted its position in shares of Rapid7 by 20.6% in the 2nd 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 in the last quarter. Finally, Capula Management Ltd purchased a new stake in shares of Rapid7 in the first quarter worth $73,000. 95.66% of the stock is owned by institutional investors.

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.