Rapid7 (NASDAQ:RPD) Stock Rating Upgraded by Wall Street Zen

Rapid7 (NASDAQ:RPD) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

RPD has been the topic of several other research reports. Morgan Stanley cut Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 price objective on the stock. in a report on Tuesday, July 21st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $12.00 target price on shares of Rapid7 in a research note on Tuesday, September 15th. DA Davidson increased their target price on Rapid7 from $5.25 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 11th. Piper Sandler raised their price target on Rapid7 from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Finally, Susquehanna lifted their price target on Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $11.98.

Rapid7 Stock Performance

Shares of RPD opened at $12.19 on Friday. Rapid7 has a 1 year low of $4.97 and a 1 year high of $20.17. The company’s 50 day simple moving average is $11.72 and its 200 day simple moving average is $8.90. The company has a market capitalization of $821.61 million, a price-to-earnings ratio of 39.32 and a beta of 1.02. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80.

Rapid7 (NASDAQ:RPD) last released its earnings results on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. The firm had revenue of $210.88 million during 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%. Rapid7’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, sell-side analysts predict that Rapid7 will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Rapid7

Several hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC acquired a new position in Rapid7 during the 2nd quarter worth approximately $211,000. WINTON GROUP Ltd boosted its holdings in Rapid7 by 124.1% in the 2nd quarter. WINTON GROUP Ltd now owns 26,600 shares of the technology company’s stock worth $215,000 after acquiring an additional 14,732 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Rapid7 in the second quarter valued at approximately $38,000. Allworth Financial LP grew its position in Rapid7 by 511.3% in the second quarter. Allworth Financial LP now owns 5,245 shares of the technology company’s stock valued at $42,000 after acquiring an additional 4,387 shares in the last quarter. Finally, Corient Private Wealth LP purchased a new stake in shares of Rapid7 during the second quarter valued at approximately $429,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Rapid7 Company Profile

Rapid7, Inc is a cybersecurity software and services company that helps organizations identify, assess and manage security risks across their technology environments. Its offerings are designed to provide visibility into vulnerabilities, threats and incidents across on-premises infrastructure, cloud environments, applications and user endpoints.

The company’s portfolio includes vulnerability risk management, security information and event management, extended detection and response, managed detection and response, cloud security, application security and threat intelligence solutions.