Rapid7 (NASDAQ:RPD) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of Rapid7 (NASDAQ:RPD) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Several other brokerages have also commented on RPD. Susquehanna set a $15.00 price objective on shares of Rapid7 in a research report on Thursday, November 6th. JPMorgan Chase & Co. dropped their price objective on Rapid7 from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Rapid7 in a research report on Wednesday, November 5th. Raymond James Financial dropped their price target on Rapid7 from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Finally, Stifel Nicolaus lowered their price objective on Rapid7 from $29.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.78.

Rapid7 Trading Up 1.9%

Shares of Rapid7 stock traded up $0.26 during midday trading on Wednesday, reaching $14.03. The company had a trading volume of 2,514,806 shares, compared to its average volume of 908,500. The firm has a market cap of $918.70 million, a PE ratio of 34.22 and a beta of 0.94. The stock has a fifty day moving average price of $18.40 and a 200 day moving average price of $21.17. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.36 and a quick ratio of 1.36. Rapid7 has a fifty-two week low of $13.47 and a fifty-two week high of $44.48.

Rapid7 (NASDAQ:RPD) last released its earnings results on Tuesday, November 4th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.45 by $0.12. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The business had revenue of $217.96 million during the quarter, compared to analysts’ expectations of $216.14 million. During the same quarter last year, the firm posted $0.66 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS. Q4 2025 guidance at 0.370-0.44 EPS. On average, equities analysts anticipate that Rapid7 will post 0.35 earnings per share for the current year.

Insider Buying and Selling at Rapid7

In other Rapid7 news, CAO Scott M. Murphy sold 1,370 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $20.25, for a total transaction of $27,742.50. Following the completion of the transaction, the chief accounting officer owned 27,592 shares in the company, valued at $558,738. The trade was a 4.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Rapid7

A number of hedge funds and other institutional investors have recently made changes to their positions in RPD. Penserra Capital Management LLC lifted its stake in shares of Rapid7 by 45.3% in the second quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock worth $63,172,000 after acquiring an additional 851,108 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Rapid7 by 112.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,286,300 shares of the technology company’s stock worth $60,610,000 after purchasing an additional 1,209,856 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Rapid7 by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 54,915 shares of the technology company’s stock valued at $1,456,000 after purchasing an additional 609 shares in the last quarter. DDD Partners LLC bought a new position in Rapid7 during the 2nd quarter valued at $846,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Rapid7 during the 1st quarter valued at $11,811,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

About Rapid7

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.