DA Davidson Boosts Rapid7 (NASDAQ:RPD) Price Target to $6.50

Rapid7 (NASDAQ:RPD) had its price target lifted by investment analysts at DA Davidson from $5.25 to $6.50 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “underperform” rating on the technology company’s stock. DA Davidson’s price target points to a potential downside of 21.12% from the company’s previous close.

Several other research analysts also recently commented on the stock. Needham & Company LLC restated a “hold” rating on shares of Rapid7 in a research report on Wednesday, February 11th. William Blair downgraded shares of Rapid7 from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Canaccord Genuity Group lowered their price objective on shares of Rapid7 from $10.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Robert W. Baird set a $8.00 price objective on shares of Rapid7 in a research report on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Rapid7 in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $8.71.

Rapid7 Trading Down 1.7%

Shares of NASDAQ:RPD traded down $0.14 during midday trading on Tuesday, hitting $8.24. The company had a trading volume of 2,842,113 shares, compared to its average volume of 2,095,318. Rapid7 has a 12 month low of $4.97 and a 12 month high of $25.85. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.69. The stock has a market cap of $550.69 million, a price-to-earnings ratio of 23.35 and a beta of 0.89. The firm has a fifty day simple moving average of $6.22 and a 200 day simple moving average of $9.92.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The business had revenue of $209.69 million for the quarter, compared to the consensus estimate of $207.94 million. During the same quarter last year, the business posted $0.49 EPS. The firm’s revenue was down .3% compared to the same quarter last year. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. On average, analysts predict that Rapid7 will post 0.63 EPS for the current year.

Institutional Investors Weigh In On Rapid7

A number of institutional investors and hedge funds have recently made changes to their positions in RPD. Vanguard Group Inc. boosted its stake in Rapid7 by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock worth $140,961,000 after purchasing an additional 653,498 shares during the period. JANA Partners Management LP lifted its holdings in shares of Rapid7 by 13.5% during the 3rd quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock worth $121,915,000 after acquiring an additional 772,194 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Rapid7 by 48.3% during the 4th quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock worth $35,356,000 after acquiring an additional 758,009 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Rapid7 by 1.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock worth $40,716,000 after acquiring an additional 34,438 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Rapid7 by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock worth $22,236,000 after purchasing an additional 78,448 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Company Profile

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.