Wall Street Zen Upgrades Rapid7 (NASDAQ:RPD) to “Buy”

Rapid7 (NASDAQ:RPD) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

RPD has been the topic of a number of other reports. Mizuho cut their price target on Rapid7 from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Stifel Nicolaus cut their target price on Rapid7 from $18.00 to $9.00 and set a “hold” rating on the stock in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Rapid7 in a research report on Friday, March 27th. DA Davidson cut their target price on Rapid7 from $14.00 to $6.50 and set an “underperform” rating on the stock in a research report on Wednesday, February 11th. Finally, Citigroup cut their target price on Rapid7 from $15.00 to $11.50 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Two 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.com, Rapid7 has an average rating of “Reduce” and an average price target of $12.53.

Rapid7 Stock Up 1.2%

Rapid7 stock opened at $5.85 on Monday. Rapid7 has a 1-year low of $5.24 and a 1-year high of $27.10. The company has a debt-to-equity ratio of 5.77, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $385.47 million, a PE ratio of 16.25 and a beta of 0.90. The stock’s fifty day moving average is $7.32 and its two-hundred day moving average is $12.99.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Rapid7 had a return on equity of 47.33% and a net margin of 2.72%.The company had revenue of $217.39 million for the quarter, compared to analysts’ expectations of $215.17 million. During the same period last year, the firm earned $0.48 earnings per share. Rapid7’s quarterly revenue 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, sell-side analysts expect that Rapid7 will post 0.35 EPS for the current fiscal year.

Institutional Trading of Rapid7

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Rapid7 by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock worth $140,961,000 after purchasing an additional 653,498 shares in the last quarter. JANA Partners Management LP grew its holdings in shares of Rapid7 by 13.5% during the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock worth $121,915,000 after buying an additional 772,194 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Rapid7 by 48.3% during the fourth quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock worth $35,356,000 after buying an additional 758,009 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Rapid7 by 1.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock worth $40,716,000 after buying an additional 34,438 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Rapid7 by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock worth $22,236,000 after buying an additional 78,448 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

About Rapid7

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.