Rapid7 (NASDAQ:RPD) Stock Price Expected to Rise, UBS Group Analyst Says

Rapid7 (NASDAQ:RPD) had its target price increased by research analysts at UBS Group from $12.00 to $19.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. UBS Group‘s target price points to a potential upside of 29.43% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Susquehanna lifted their price target on Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. 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 report on Tuesday, July 21st. Jefferies Financial Group restated a “hold” rating and issued a $12.00 target price on shares of Rapid7 in a research note on Tuesday, August 11th. Citigroup lifted their target price on Rapid7 from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Piper Sandler upped their price target on Rapid7 from $12.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $13.97.

Rapid7 Stock Performance

Shares of NASDAQ RPD traded down $0.76 during midday trading on Thursday, hitting $14.68. The company’s stock had a trading volume of 2,032,307 shares, compared to its average volume of 2,045,676. The stock has a fifty day moving average price of $13.16 and a 200 day moving average price of $9.57. Rapid7 has a one year low of $4.97 and a one year high of $18.56. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $989.43 million, a price-to-earnings ratio of 69.91 and a beta of 0.90.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Wednesday, November 4th. The technology company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.46 by $0.14. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The company had revenue of $212.40 million during the quarter, compared to the consensus estimate of $209.05 million. During the same period last year, the firm earned $0.57 EPS. Rapid7’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, research analysts forecast that Rapid7 will post 0.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Rapid7 by 20.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock valued at $48,000 after purchasing an additional 1,000 shares in the last quarter. Versant Capital Management Inc lifted its stake in Rapid7 by 13.4% in the second quarter. Versant Capital Management Inc now owns 10,469 shares of the technology company’s stock worth $85,000 after purchasing an additional 1,238 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its stake in Rapid7 by 34.5% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 5,752 shares of the technology company’s stock worth $70,000 after purchasing an additional 1,475 shares during the last quarter. Diversified Trust Co lifted its stake in Rapid7 by 9.0% in the third quarter. Diversified Trust Co now owns 31,336 shares of the technology company’s stock worth $383,000 after purchasing an additional 2,578 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Rapid7 by 108.8% during the first quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock valued at $35,000 after buying an additional 3,304 shares during the period. 95.66% of the stock is currently owned by institutional investors.

Trending Headlines about Rapid7

Here are the key news stories impacting Rapid7 this week:

• Positive Sentiment: Rapid7 reported Q3 earnings of $0.60 per share, above consensus estimates of about $0.45–$0.46, and revenue of $212.4 million, also ahead of expectations. The earnings beat is a positive signal, although revenue was down 2.5% year over year. Rapid7 Q3 earnings
• Positive Sentiment: Several analysts raised their price targets after the results. Piper Sandler lifted its target to $20 and UBS to $19, while Susquehanna and Citigroup raised theirs to $16. These revisions suggest improved potential upside, though the firms kept neutral ratings. Read More., Read More., Read More., Read More.
• Neutral Sentiment: Other target increases were more modest: Truist raised its target to $15 and RBC to $16, while Scotiabank moved to $14.50. The accompanying hold or sector-perform ratings indicate analysts remain cautious despite the higher targets. Truist price target
• Negative Sentiment: Barclays raised its target to $14 but maintained an underweight rating, and Scotiabank’s $14.50 target is slightly below the cited $14.68 share price. These calls temper the bullish impact of the broader target revisions. Read More., Read More.

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.