Rapid7 (NASDAQ:RPD) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Rapid7 (NASDAQ:RPD) from a buy rating to a hold rating in a report published on Sunday morning.

A number of other brokerages have also recently issued reports on RPD. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rapid7 in a report on Monday, December 29th. Piper Sandler reduced their price target on Rapid7 from $16.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Truist Financial lowered their price target on Rapid7 from $14.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, February 11th. Stephens dropped their price objective on Rapid7 from $19.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $9.00 price objective on shares of Rapid7 in a research report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $12.53.

Rapid7 Stock Performance

NASDAQ RPD opened at $5.27 on Friday. The company has a market cap of $347.24 million, a PE ratio of 14.64 and a beta of 0.89. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 5.77. Rapid7 has a 12 month low of $5.24 and a 12 month high of $28.69. The stock has a 50 day moving average of $8.33 and a 200-day moving average of $13.69.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Rapid7 had a net margin of 2.72% and a return on equity of 47.33%. The business had revenue of $217.39 million for the quarter, compared to the consensus estimate of $215.17 million. During the same period in the previous year, the company earned $0.48 earnings per share. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. On average, equities research analysts anticipate that Rapid7 will post 0.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Rapid7

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Rapid7 by 26.8% in the first quarter. Royal Bank of Canada now owns 326,910 shares of the technology company’s stock valued at $8,667,000 after purchasing an additional 69,122 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Rapid7 during the 1st quarter worth approximately $424,000. Woodline Partners LP boosted its stake in Rapid7 by 48.0% in the 1st quarter. Woodline Partners LP now owns 86,712 shares of the technology company’s stock valued at $2,299,000 after purchasing an additional 28,115 shares during the period. Franklin Resources Inc. grew its holdings in Rapid7 by 167.3% in the 2nd quarter. Franklin Resources Inc. now owns 80,659 shares of the technology company’s stock valued at $1,866,000 after buying an additional 50,484 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Rapid7 by 17.4% in the 2nd quarter. Rhumbline Advisers now owns 107,082 shares of the technology company’s stock valued at $2,477,000 after buying an additional 15,891 shares in the last quarter. 95.66% of the stock is currently 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.