Q2 Earnings Forecast for Rapid7 Issued By DA Davidson

Rapid7, Inc. (NASDAQ:RPD - Free Report) - Equities research analysts at DA Davidson issued their Q2 2025 EPS estimates for Rapid7 in a research report issued to clients and investors on Tuesday, May 13th. DA Davidson analyst R. Kessinger expects that the technology company will earn $0.08 per share for the quarter. DA Davidson currently has a "Underperform" rating and a $21.00 target price on the stock. The consensus estimate for Rapid7's current full-year earnings is $0.35 per share. DA Davidson also issued estimates for Rapid7's FY2025 earnings at $0.41 EPS and FY2026 earnings at $0.36 EPS.

Rapid7 (NASDAQ:RPD - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.12. The firm had revenue of $210.25 million during the quarter, compared to analysts' expectations of $208.25 million. Rapid7 had a negative return on equity of 130.41% and a net margin of 3.46%. Rapid7's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.55 earnings per share.

A number of other equities analysts have also recently weighed in on the company. Barclays cut their price target on Rapid7 from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Tuesday, May 13th. Stifel Nicolaus lowered their price target on shares of Rapid7 from $38.00 to $29.00 and set a "hold" rating for the company in a report on Tuesday, May 13th. Morgan Stanley upped their price objective on shares of Rapid7 from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Canaccord Genuity Group lowered their target price on shares of Rapid7 from $43.00 to $39.00 and set a "hold" rating for the company in a research note on Wednesday, May 14th. Finally, Piper Sandler cut their price target on Rapid7 from $35.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $33.32.

Rapid7 Price Performance

Shares of NASDAQ RPD traded up $0.23 on Thursday, hitting $23.37. The company's stock had a trading volume of 225,405 shares, compared to its average volume of 886,674. Rapid7 has a 12-month low of $21.61 and a 12-month high of $44.48. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 59.92 and a beta of 1.06. The stock has a 50 day moving average of $25.14 and a 200-day moving average of $33.62.

Institutional Trading of Rapid7

Hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new position in Rapid7 during the 1st quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Rapid7 in the 1st quarter valued at about $38,000. Versant Capital Management Inc lifted its position in shares of Rapid7 by 5,311.1% during the first quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company's stock worth $39,000 after purchasing an additional 1,434 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in Rapid7 by 68.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company's stock worth $46,000 after purchasing an additional 455 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in Rapid7 by 30.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company's stock valued at $60,000 after buying an additional 347 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company's stock.

Insider Activity at Rapid7

In other Rapid7 news, insider Christina Luconi sold 12,551 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $23.12, for a total value of $290,179.12. Following the transaction, the insider now directly owns 58,165 shares of the company's stock, valued at $1,344,774.80. This represents a 17.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.60% of the company's stock.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.