Brokerages Set Rapid7, Inc. (NASDAQ:RPD) Price Target at $11.98

Shares of Rapid7, Inc. (NASDAQ:RPD) have been assigned a consensus recommendation of “Reduce” from the twenty-three brokerages that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $11.9816.

A number of research analysts recently commented on the company. Citigroup reissued a “neutral” rating on shares of Rapid7 in a report on Wednesday, August 12th. Royal Bank Of Canada increased their price objective on shares of Rapid7 from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Tuesday, August 11th. Stephens reaffirmed a “positive” rating on shares of Rapid7 in a report on Tuesday, August 11th. Piper Sandler lifted their price objective 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. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $12.00 target price on shares of Rapid7 in a report on Tuesday.

Rapid7 Price Performance

NASDAQ:RPD opened at $12.46 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.50. The business’s 50-day simple moving average is $11.47 and its two-hundred day simple moving average is $8.39. The stock has a market cap of $839.80 million, a PE ratio of 40.19 and a beta of 1.01. Rapid7 has a 52 week low of $4.97 and a 52 week high of $20.95.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.35 by $0.09. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.The business had revenue of $210.88 million for the quarter, compared to the consensus estimate of $208.23 million. During the same period in the previous year, the business earned $0.58 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, analysts forecast that Rapid7 will post 0.74 EPS for the current fiscal year.

Institutional Trading of Rapid7

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new stake in Rapid7 during the second quarter valued at $6,861,000. Bank of New York Mellon Corp purchased a new position in shares of Rapid7 in the 2nd quarter worth $3,844,000. Man Group plc purchased a new position in shares of Rapid7 in the 2nd quarter worth $3,409,000. Circumference Group LLC bought a new stake in shares of Rapid7 in the 4th quarter worth about $3,800,000. Finally, Quantinno Capital Management LP increased its holdings in shares of Rapid7 by 776.1% in the 1st quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock worth $1,435,000 after buying an additional 230,641 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

Rapid7 Company Profile

Rapid7, Inc (NASDAQ:RPD) is a cybersecurity company that helps organizations identify, assess and manage security risks across their IT environments. Its offerings are designed to provide visibility into vulnerabilities, endpoints, users, applications, cloud infrastructure and other technology assets, enabling customers to prioritize threats and respond to security incidents.

The company delivers many of its products through the Rapid7 Insight platform. Key offerings include InsightVM for vulnerability risk management, InsightIDR for security information and event detection and response, InsightCloudSec for cloud security and risk management, and InsightConnect for security orchestration and automation.