Rapid7, Inc. (NASDAQ:RPD) Stock Has Average Price Target of $11.98

Key Points

• Rapid7 has a consensus “Reduce” rating from 23 analysts, with five sell ratings, 17 holds and one buy. The average 12-month price target is $11.98, below the stock’s reported opening price of $12.36.
• Recent analysts raised their price targets to between $9.00 and $12.00, but generally maintained neutral, sector-perform or underperform ratings.
• Rapid7 exceeded quarterly expectations, reporting adjusted EPS of $0.44 versus a $0.35 consensus estimate and revenue of $210.88 million. Institutional investors own approximately 95.66% of the company’s shares.

Rapid7, Inc. (NASDAQ:RPD - Get Free Report) has been assigned a consensus rating of "Reduce" from the twenty-three analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $11.98.

A number of analysts have recently weighed in on RPD shares. Royal Bank Of Canada boosted their target price on shares of Rapid7 from $11.00 to $12.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 11th. Piper Sandler increased their price target on shares of Rapid7 from $8.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. DA Davidson lifted their price target on Rapid7 from $5.25 to $9.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 11th. Jefferies Financial Group reissued a "hold" rating and set a $12.00 price objective on shares of Rapid7 in a research note on Tuesday, August 11th. Finally, Scotiabank upped their price objective on Rapid7 from $7.00 to $10.15 and gave the company a "sector perform" rating in a research report on Tuesday, August 11th.

Rapid7 Stock Performance

NASDAQ RPD opened at $12.36 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.80 and a quick ratio of 0.80. Rapid7 has a 1-year low of $4.97 and a 1-year high of $20.17. The business has a 50 day simple moving average of $11.78 and a two-hundred day simple moving average of $8.95. The stock has a market capitalization of $833.08 million, a PE ratio of 39.87 and a beta of 1.02.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.09. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.The business had revenue of $210.88 million for the quarter, compared to analysts' expectations of $208.23 million. During the same period in the prior year, the firm earned $0.58 EPS. The company's revenue for the quarter was down 1.5% on a year-over-year basis. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, research analysts predict that Rapid7 will post 0.76 EPS for the current fiscal year.

Institutional Trading of Rapid7

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

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