Rapid7, Inc. (NASDAQ:RPD – Get Free Report) shares traded down 7% during mid-day trading on Thursday. The stock traded as low as $16.50 and last traded at $16.4490. Approximately 836,662 shares were traded during trading, a decline of 60% from the average session volume of 2,098,758 shares. The stock had previously closed at $17.68.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on RPD. Stifel Nicolaus boosted their price objective on shares of Rapid7 from $7.00 to $13.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lowered Rapid7 from a “neutral” rating to an “underweight” rating and set a $12.00 price target on the stock. in a report on Tuesday, September 15th. UBS Group raised their price target on shares of Rapid7 from $7.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Morgan Stanley cut shares of Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 price target on the stock. in a research report on Tuesday, July 21st. Finally, Citigroup reaffirmed a “neutral” rating on shares of Rapid7 in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rapid7 has an average rating of “Reduce” and a consensus target price of $12.09.
View Our Latest Stock Report on RPD
Rapid7 Stock Performance
The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $1.10 billion, a P/E ratio of 52.84 and a beta of 1.02. The stock’s 50 day moving average price is $12.70 and its 200 day moving average price is $9.50.
Rapid7 (NASDAQ:RPD – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The company had revenue of $210.88 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, equities analysts expect that Rapid7, Inc. will post 0.76 EPS for the current year.
Hedge Funds Weigh In On Rapid7
A number of institutional investors and hedge funds have recently made changes to their positions in RPD. Quantinno Capital Management LP boosted its stake in shares of Rapid7 by 776.1% in the first quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock worth $1,435,000 after acquiring an additional 230,641 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Rapid7 by 535.0% in the 1st quarter. Renaissance Technologies LLC now owns 149,196 shares of the technology company’s stock valued at $822,000 after acquiring an additional 125,700 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Rapid7 during the second quarter valued at approximately $3,844,000. Public Employees Retirement System of Ohio purchased a new stake in Rapid7 during the 2nd quarter valued at $393,000. Finally, Bank of America Corp DE purchased a new position in Rapid7 during the second quarter worth $6,861,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Rapid7
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
- Constellation Energy’s Nuclear Expansion Gets a $5 Billion Opening, Not a Guarantee
- Plugging In: Vertiv Cashes In On AI Demand
Receive News & Ratings for Rapid7 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid7 and related companies with MarketBeat.com's FREE daily email newsletter.
