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

Shares of Rapid7, Inc. (NASDAQ:RPD – Get Free Report) have earned a consensus recommendation of “Reduce” from the twenty-three research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.9816.

Several analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of Rapid7 from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Raymond James Financial reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Rapid7 in a research note on Tuesday, August 11th. Piper Sandler increased their target price on Rapid7 from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Morgan Stanley downgraded Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 price target for the company. in a research report on Tuesday, July 21st. Finally, Barclays boosted their price target on Rapid7 from $6.50 to $12.00 and gave the stock an “underweight” rating in a report on Tuesday, August 11th.

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Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RPD. LSV Asset Management lifted its stake in shares of Rapid7 by 25.1% during the 4th quarter. LSV Asset Management now owns 982,397 shares of the technology company’s stock worth $14,932,000 after purchasing an additional 197,397 shares during the period. Bank of America Corp DE acquired a new position in Rapid7 during the second quarter worth approximately $6,861,000. SG Americas Securities LLC boosted its holdings in shares of Rapid7 by 32.4% in the 1st quarter. SG Americas Securities LLC now owns 817,649 shares of the technology company’s stock valued at $4,505,000 after purchasing an additional 200,033 shares during the last quarter. Invenomic Capital Management LP boosted its holdings in shares of Rapid7 by 1.8% in the 4th quarter. Invenomic Capital Management LP now owns 627,983 shares of the technology company’s stock valued at $9,545,000 after purchasing an additional 11,283 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Rapid7 during the 2nd quarter valued at $3,844,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Price Performance

Rapid7 stock opened at $12.41 on Friday. Rapid7 has a 52 week low of $4.97 and a 52 week high of $20.95. 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 firm’s 50-day simple moving average is $11.51 and its 200 day simple moving average is $8.48. The firm has a market capitalization of $836.43 million, a PE ratio of 40.03 and a beta of 1.01.

Rapid7 (NASDAQ:RPD – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The firm had revenue of $210.88 million for the quarter, compared to analysts’ expectations of $208.23 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, equities research analysts predict that Rapid7 will post 0.74 EPS for the current fiscal year.

Rapid7 Company Profile

(Get Free Report)

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.

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