Rapid7, Inc. (RPD) – What Are Researchers Saying About This Stock?

Shares of Rapid7, Inc. (NASDAQ:RPD) have been given an average recommendation of “Reduce” by the twenty-three analysts that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $12.09.

Several analysts have recently commented on the company. DA Davidson increased their price objective on Rapid7 from $5.25 to $9.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 11th. Truist Financial upped their price target on Rapid7 from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Scotiabank increased their price target on Rapid7 from $7.00 to $10.15 and gave the company a “sector perform” rating in a research report on Tuesday, August 11th. Morgan Stanley cut Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 price objective on the stock. in a research note on Tuesday, July 21st. Finally, Canaccord Genuity Group lifted their price objective on shares of Rapid7 from $7.00 to $14.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th.

Rapid7 Stock Up 1.3%

RPD stock opened at $15.04 on Friday. The stock’s 50 day simple moving average is $13.07 and its 200 day simple moving average is $9.55. The company has a market cap of $1.01 billion, a P/E ratio of 48.52 and a beta of 0.90. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80. Rapid7 has a fifty-two week low of $4.97 and a fifty-two week high of $18.56.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Wednesday, November 4th. The technology company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.46 by $0.14. The firm had revenue of $212.40 million during the quarter, compared to the consensus estimate of $209.05 million. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, research analysts expect that Rapid7 will post 0.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rapid7

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in shares of Rapid7 in the 2nd quarter worth approximately $6,861,000. Bank of New York Mellon Corp purchased a new position in Rapid7 in the second quarter worth $3,844,000. Pacer Advisors Inc. boosted its position in Rapid7 by 24.3% in the first quarter. Pacer Advisors Inc. now owns 469,912 shares of the technology company’s stock worth $2,589,000 after purchasing an additional 91,905 shares during the last quarter. Man Group plc bought a new position in Rapid7 in the 2nd quarter valued at $3,409,000. Finally, Quantinno Capital Management LP increased its position in shares of Rapid7 by 776.1% during the 1st quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock valued at $1,435,000 after purchasing an additional 230,641 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

About Rapid7

Rapid7, Inc (NASDAQ:RPD) is a cybersecurity company that provides technology and services to help organizations identify, assess and manage security risk across their IT environments. Its offerings are designed to support security operations, vulnerability management, cloud security, application security and incident response.

The company’s product portfolio includes the Insight platform and solutions such as InsightVM for vulnerability risk management, InsightIDR for security detection and response, InsightCloudSec for cloud security and compliance, and InsightAppSec for application security testing.