Mizuho Has Lowered Expectations for Rapid7 (NASDAQ:RPD) Stock Price

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

A number of other brokerages have also recently weighed in on RPD. Citigroup cut Rapid7 from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $15.00 in a research report on Monday, January 12th. Wall Street Zen lowered Rapid7 from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. UBS Group cut their target price on Rapid7 from $29.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Piper Sandler reduced their price objective on shares of Rapid7 from $19.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, January 5th. Finally, Canaccord Genuity Group cut their target price on Rapid7 from $32.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.79.

Rapid7 Stock Performance

Shares of RPD opened at $12.51 on Wednesday. The company’s 50 day simple moving average is $14.83 and its 200 day simple moving average is $18.15. The company has a debt-to-equity ratio of 7.01, a quick ratio of 1.19 and a current ratio of 1.19. Rapid7 has a 1 year low of $12.25 and a 1 year high of $40.25. The company has a market capitalization 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 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. Rapid7 had a net margin of 2.61% and a return on equity of 67.30%. The business had revenue of $217.96 million for the quarter, compared to the consensus estimate of $216.14 million. During the same quarter last year, the firm posted $0.66 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. 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, sell-side analysts predict that Rapid7 will post 0.35 EPS for the current year.

Insider Buying and Selling

In other Rapid7 news, Director Mike Burns acquired 2,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was bought at an average cost of $13.80 per share, with a total value of $27,600.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at approximately $69,000. This represents a 66.67% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp acquired 41,545 shares of the company’s stock in a transaction on Friday, November 28th. The stock was acquired at an average price of $15.71 per share, with a total value of $652,671.95. Following the purchase, the director directly owned 6,760,149 shares in the company, valued at approximately $106,201,940.79. This represents a 0.62% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 67,345 shares of company stock worth $1,025,202 over the last ninety days. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Rapid7

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CI Investments Inc. raised its stake in shares of Rapid7 by 48.4% during the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock valued at $43,000 after acquiring an additional 744 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in Rapid7 in the 3rd quarter valued at $44,000. Headlands Technologies LLC bought a new stake in shares of Rapid7 during the second quarter worth about $44,000. State of Alaska Department of Revenue bought a new stake in Rapid7 during the 3rd quarter worth approximately $53,000. Finally, Cetera Trust Company N.A lifted its stake in Rapid7 by 34.6% during the 2nd quarter. Cetera Trust Company N.A now owns 4,730 shares of the technology company’s stock valued at $109,000 after acquiring an additional 1,215 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

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.