Rapid7 (NASDAQ:RPD) Stock Rating Lowered by Zacks Research

Rapid7 (NASDAQ:RPD) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

RPD has been the topic of several other reports. Susquehanna set a $15.00 target price on shares of Rapid7 in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Rapid7 in a report on Wednesday, November 5th. Stifel Nicolaus dropped their price objective on Rapid7 from $29.00 to $22.00 and set a “hold” rating for the company in a report on Friday, August 8th. Truist Financial lowered their target price on shares of Rapid7 from $22.00 to $18.00 and set a “hold” rating for the company in a research note on Wednesday, November 5th. Finally, Morgan Stanley lowered their target price on Rapid7 from $28.00 to $22.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 2nd. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.78.

Rapid7 Price Performance

Shares of RPD opened at $13.77 on Wednesday. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $901.67 million, a PE ratio of 33.59 and a beta of 0.94. The firm’s 50 day moving average price is $18.40 and its 200 day moving average price is $21.17. Rapid7 has a twelve month low of $13.67 and a twelve month high of $44.48.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. The business had revenue of $217.96 million for the quarter, compared to analyst estimates of $216.14 million. During the same period last year, the business posted $0.66 EPS. Rapid7’s revenue was up 1.5% compared to the same quarter last year. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS. Q4 2025 guidance at 0.370-0.44 EPS. As a group, research analysts expect that Rapid7 will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Scott M. Murphy sold 1,370 shares of the company’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 transaction, the chief accounting officer directly owned 27,592 shares of the company’s stock, valued at approximately $558,738. This represents a 4.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Rapid7

Large investors have recently modified their holdings of the company. Penserra Capital Management LLC increased its position in 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 buying an additional 851,108 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Rapid7 by 112.4% during the first 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 buying an additional 1,209,856 shares in the last quarter. Principal Financial Group Inc. lifted its position in Rapid7 by 1.1% during the first 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 during the last quarter. DDD Partners LLC bought a new position in Rapid7 in the second quarter valued at $846,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Rapid7 during the first quarter valued at approximately $11,811,000. 95.66% of the stock is currently owned by institutional investors.

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.