Rapid7 (NASDAQ:RPD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Rapid7 (NASDAQ:RPD) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently commented on RPD. DA Davidson upped their price target on Rapid7 from $5.25 to $9.00 and gave the company an “underperform” rating in a report on Tuesday, August 11th. Scotiabank lifted their price objective on Rapid7 from $7.00 to $10.15 and gave the stock a “sector perform” rating in a report on Tuesday, August 11th. Weiss Ratings restated a “sell (d)” rating on shares of Rapid7 in a research report on Wednesday, June 24th. JPMorgan Chase & Co. upped their target price on Rapid7 from $7.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, William Blair cut Rapid7 from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $11.98.

Rapid7 Price Performance

Shares of Rapid7 stock opened at $12.37 on Friday. 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 company has a market cap of $833.74 million, a PE ratio of 39.90 and a beta of 0.97. The firm has a fifty day moving average price of $9.76 and a two-hundred day moving average price of $7.96. Rapid7 has a fifty-two week low of $4.97 and a fifty-two week high of $21.77.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping 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 company had revenue of $210.88 million for the quarter, compared to the consensus estimate of $208.23 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The business’s revenue was down 1.5% compared to the same quarter last year. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Analysts expect that Rapid7 will post 0.69 EPS for the current year.

Institutional Investors Weigh In On Rapid7

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Rapid7 by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock worth $140,961,000 after buying an additional 653,498 shares in the last quarter. First Trust Advisors LP boosted its stake in Rapid7 by 48.3% in the 4th quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock valued at $35,356,000 after buying an additional 758,009 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Rapid7 by 1.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock valued at $40,716,000 after acquiring an additional 34,438 shares during the period. Geode Capital Management LLC grew its position in Rapid7 by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock valued at $22,236,000 after acquiring an additional 78,448 shares during the period. Finally, Marshall Wace LLP raised its stake in Rapid7 by 23.3% during the fourth quarter. Marshall Wace LLP now owns 1,404,686 shares of the technology company’s stock worth $21,351,000 after acquiring an additional 265,413 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

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.