Rapid7, Inc. (NASDAQ:RPD) Stock Has Average Price Target of $11.98

Rapid7, Inc. (NASDAQ:RPD) has been assigned a consensus rating of “Reduce” from the twenty-three research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $11.98.

Several equities research analysts have issued reports on RPD shares. Robert W. Baird boosted their price target on shares of Rapid7 from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Piper Sandler lifted their target price on shares of Rapid7 from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Morgan Stanley cut shares of Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 target price on the stock. in a research note on Tuesday, July 21st. Weiss Ratings raised shares of Rapid7 from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, September 14th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $12.00 price target on shares of Rapid7 in a research note on Tuesday, September 15th.

Hedge Funds Weigh In On Rapid7

Hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new position in Rapid7 during the second quarter worth $211,000. WINTON GROUP Ltd boosted its stake in shares of Rapid7 by 124.1% in the 2nd quarter. WINTON GROUP Ltd now owns 26,600 shares of the technology company’s stock valued at $215,000 after purchasing an additional 14,732 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Rapid7 in the 2nd quarter valued at $38,000. Allworth Financial LP grew its holdings in shares of Rapid7 by 511.3% in the 2nd quarter. Allworth Financial LP now owns 5,245 shares of the technology company’s stock worth $42,000 after purchasing an additional 4,387 shares during the last quarter. Finally, Corient Private Wealth LP bought a new stake in shares of Rapid7 in the 2nd quarter worth about $429,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Rapid7 Price Performance

Shares of RPD stock opened at $12.96 on Tuesday. The stock has a 50 day moving average of $11.96 and a two-hundred day moving average of $9.08. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. Rapid7 has a 12 month low of $4.97 and a 12 month high of $20.17. The company has a market capitalization of $873.52 million, a P/E ratio of 41.81 and a beta of 1.02.

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

About Rapid7

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.