Wall Street Zen upgraded shares of Rapid7 (NASDAQ:RPD – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.
Other equities research analysts have also issued research reports about the company. DA Davidson reduced their price objective on Rapid7 from $14.00 to $6.50 and set an “underperform” rating on the stock in a research report on Wednesday, February 11th. Stephens dropped their target price on Rapid7 from $19.00 to $12.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 11th. Mizuho cut their price target on Rapid7 from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Barclays reduced their price target on Rapid7 from $15.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 12th. Finally, Canaccord Genuity Group set a $10.00 price objective on shares of Rapid7 and gave the company a “hold” rating in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Rapid7 currently has a consensus rating of “Reduce” and a consensus price target of $12.53.
View Our Latest Stock Report on RPD
Rapid7 Stock Performance
Rapid7 (NASDAQ:RPD – Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $217.39 million during the quarter, compared to the consensus estimate of $215.17 million. Rapid7 had a net margin of 2.72% and a return on equity of 47.33%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. Equities research analysts forecast that Rapid7 will post 0.35 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Rapid7
A number of hedge funds have recently made changes to their positions in RPD. Sound Income Strategies LLC bought a new position in shares of Rapid7 in the 4th quarter worth about $40,000. CI Investments Inc. boosted its position in shares of Rapid7 by 48.4% during the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after purchasing an additional 744 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Rapid7 during the 3rd quarter worth about $44,000. Headlands Technologies LLC acquired a new stake in shares of Rapid7 in the 2nd quarter valued at about $44,000. Finally, Parallel Advisors LLC grew its stake in Rapid7 by 81.6% in the fourth quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,364 shares during the period. 95.66% of the stock is currently owned by institutional investors.
About Rapid7
Rapid7, Inc is a publicly traded cybersecurity company headquartered in Boston, Massachusetts. Since its founding in 2000, the company has specialized in delivering cloud-based security data and analytics solutions designed to help organizations detect, investigate, and remediate cyber threats. Rapid7 operates under the NASDAQ symbol “RPD” and serves a broad range of industries, including technology, financial services, healthcare, retail, and the public sector.
The core of Rapid7’s offering is its Insight platform, a unified, cloud-native security operations and analytics suite.
Further Reading
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.
