NASDAQ:RPD

Rapid7 - RPD Stock Forecast, Price & News

$65.89

-2.53 (-3.70%)

(As of 08/17/2022 12:00 AM ET)

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Today's Range: $65.23
▼
$67.68
50-Day Range: $61.71
▼
$74.29
52-Week Range: $60.42
▼
$145.00

Volume: 496,662 shs
Average Volume: 599,852 shs
Market Capitalization: $3.84 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $106.36

Rapid7 MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.79 Rating Score
Upside/Downside: 61.4% Upside
$106.36 Price Target
Short Interest: Bearish
7.71% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($2.00) to ($1.74) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Computer And Technology Sector

361st out of 667 stocks

Prepackaged Software Industry

126th out of 233 stocks

4.4

Analyst's Opinion

Consensus Rating
Rapid7 has received a consensus rating of Buy. The company's average rating score is 2.79, and is based on 11 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $106.36, Rapid7 has a forecasted upside of 61.4% from its current price of $65.89.
Amount of Analyst Coverage
Rapid7 has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
7.71% of the outstanding shares of Rapid7 have been sold short.
Short Interest Ratio / Days to Cover
Rapid7 has a short interest ratio ("days to cover") of 6.7.
Change versus previous month
Short interest in Rapid7 has recently increased by 0.22%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Rapid7 does not currently pay a dividend.
Dividend Growth
Rapid7 does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RPD.

1.8

News and Social Media Coverage

News Sentiment
Rapid7 has a news sentiment score of 0.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Rapid7 this week, compared to 3 articles on an average week.
Search Interest
Only 10 people have searched for RPD on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.
MarketBeat Follows
5 people have added Rapid7 to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rapid7 insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.80% of the stock of Rapid7 is held by insiders.
Percentage Held by Institutions
98.03% of the stock of Rapid7 is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Rapid7 are expected to grow in the coming year, from ($2.00) to ($1.74) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rapid7 is -22.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rapid7 is -22.56, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About Rapid7 (NASDAQ:RPD) Stock

Rapid7, Inc. provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightIDR, an incident detection and response solution; InsightCloudSec, a solution that integrates posture management, workload protection, infrastructure entitlements management, infrastructure-as-code security, and Kubernetes protection; InsightVM, a vulnerability risk management solution that is designed to provide a way to collect vulnerability data, prioritize risk, and automate remediation; InsightAppSec, which provides application security testing that analyzes web applications for security vulnerabilities; and InsightConnect, a security orchestration and automation response solution that is used by security professionals. The company's other products include DivvyCloud, a cloud security posture management solution; Nexpose, an on-premises version of company's vulnerability risk management solution; AppSpider, an on-premises version of company's application security testing solution; and Metasploit, a penetration testing software solution, as well as professional services. It offers its products through term or perpetual software licenses, cloud-based subscriptions, and managed services. The company serves customers in a range of industries, including technology, energy, financial services, healthcare and life sciences, manufacturing, media and entertainment, retail, education, real estate, transportation, government, and professional services industries through sales teams, and indirect channel partner relationships, as well as directly in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company was incorporated in 2000 and is headquartered in Boston, Massachusetts.

Rapid7 Stock Down 2.8 %

Rapid7 stock opened at $68.42 on Wednesday. Rapid7 has a twelve month low of $60.42 and a twelve month high of $145.00. The company's 50-day moving average price is $68.14 and its 200-day moving average price is $85.33. The company has a market cap of $3.99 billion, a PE ratio of -23.43 and a beta of 1.28.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RPD shares. William Blair reaffirmed an "outperform" rating on shares of Rapid7 in a research report on Thursday, May 5th. Truist Financial cut their price target on Rapid7 from $135.00 to $110.00 in a research note on Tuesday, May 10th. Mizuho cut their price target on Rapid7 from $95.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, August 4th. Raymond James boosted their target price on Rapid7 from $125.00 to $130.00 and gave the stock an "outperform" rating in a research note on Thursday, August 4th. Finally, KeyCorp dropped their price objective on Rapid7 from $129.00 to $92.00 and set an "overweight" rating on the stock in a research note on Friday, July 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.36.

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RPD Stock News Headlines

August 8, 2022 | americanbankingnews.com

Needham & Company LLC Trims Rapid7 (NASDAQ:RPD) Target Price to $90.00

August 8, 2022 | americanbankingnews.com

Rapid7 (NASDAQ:RPD) Price Target Cut to $78.00

August 7, 2022 | americanbankingnews.com

Raymond James Boosts Rapid7 (NASDAQ:RPD) Price Target to $130.00

August 7, 2022 | americanbankingnews.com

Rapid7 (NASDAQ:RPD) PT Lowered to $80.00 at Morgan Stanley

August 6, 2022 | americanbankingnews.com

Mizuho Lowers Rapid7 (NASDAQ:RPD) Price Target to $85.00

August 6, 2022 | americanbankingnews.com

Brokerages Set Rapid7, Inc. (NASDAQ:RPD) Target Price at $115.60

August 5, 2022 | apnews.com

Rapid7: Q2 Earnings Snapshot

August 5, 2022 | seekingalpha.com

Rapid7, Inc. (RPD) CEO Corey Thomas on Q2 2022 Results - Earnings Call Transcript

August 5, 2022 | nasdaq.com

As Rapid7, Inc. (NASDAQ:RPD) gains 9.6%, insiders who bought last year may be wishing they had bet higher

August 4, 2022 | finance.yahoo.com

Rapid7 Announces Second Quarter 2022 Financial Results - Yahoo Finance

August 3, 2022 | investing.com

Rapid7, Inc. Tops Q2 EPS by 3c By Investing.com - Investing.com

August 3, 2022 | globenewswire.com

Rapid7 Announces Second Quarter 2022 Financial Results - GlobeNewswire

August 3, 2022 | seekingalpha.com

Rapid7 Non-GAAP EPS of -$0.01 beats by $0.03, revenue of $167.46M beats by $3.33M (NASDAQ:RPD) - Seeking Alpha

August 3, 2022 | finance.yahoo.com

Rapid7 Announces Second Quarter 2022 Financial Results

August 3, 2022 | americanbankingnews.com

Rapid7 (NASDAQ:RPD) PT Lowered to $85.00

August 2, 2022 | seekingalpha.com

Rapid7 Q2 2022 Earnings Preview (NASDAQ:RPD) - Seeking Alpha

August 1, 2022 | benzinga.com

9 Analysts Have This to Say About Rapid7 - Benzinga

August 1, 2022 | americanbankingnews.com

Rapid7 (RPD) Set to Announce Quarterly Earnings on Wednesday

July 27, 2022 | bizjournals.com

Three companies win grants to enhance tech diversity - Boston Business Journal - The Business Journals

July 27, 2022 | streetinsider.com

Automox Announces Global Expansion into Europe and Australia to Meet Growing Customer Demand for Cloud-Native ITOps Solutions - StreetInsider.com

July 26, 2022 | globenewswire.com

Rapid7 Introduces New Layered Context Capabilities for InsightCloudSec - GlobeNewswire

July 26, 2022 | finance.yahoo.com

Rapid7 Introduces New Layered Context Capabilities for InsightCloudSec

July 26, 2022 | americanbankingnews.com

Citigroup Cuts Rapid7 (NASDAQ:RPD) Price Target to $80.00

July 24, 2022 | americanbankingnews.com

Rapid7 (NASDAQ:RPD) Price Target Cut to $92.00

July 16, 2022 | seekingalpha.com

Tenable: Highly Rated Player In The Vulnerability Management Market (NASDAQ:TENB) - Seeking Alpha

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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RPD Company Calendar

Last Earnings: 11/03/2021
Today: 8/17/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:RPD
CUSIP: N/A
CIK: 1560327
Web: www.rapid7.com
Phone: (617) 247-1717
Fax: 617-507-6488
Employees: 2,353
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $106.36
High Stock Price Forecast: $160.00
Low Stock Price Forecast: $78.00
Forecasted Upside/Downside: +61.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.79
Research Coverage: 14 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.92)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-146,330,000.00
Net Margins: -27.08%
Pretax Margin: -26.75%
Return on Equity: N/A
Return on Assets: -10.51%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.89
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $535.40 million
Price / Sales: 7.17
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($2.54) per share
Price / Book: -25.94

Miscellaneous

Outstanding Shares: 58,264,000
Free Float: 56,633,000
Market Cap: $3.84 billion
Optionable: Optionable
Beta: 1.27

Key Executives

Mr. Corey E. Thomas (Age 46)
Chairman & CEO
Comp: $446k
Mr. Andrew F. Burton (Age 50)
Pres & COO
Comp: $372k
Ms. Christina Luconi (Age 54)
Chief People Officer
Comp: $319k
Mr. Lee David Weiner (Age 48)
Chief Innovation Officer
Comp: $333k
Mr. Jeffrey A. Kalowski (Age 66)
Advisor
Comp: $383k
Mr. Tas Giakouminakis
Co-Founder & CTO
Mr. Timothy M. Adams (Age 62)
Chief Financial Officer
Mr. Raj Samani
Sr. VP & Chief Scientist
Mr. Sunil Shah
VP of Investor Relations
Ms. Raisa Litmanovich
Sr. VP & Gen. Counsel

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RPD Stock - Frequently Asked Questions

Should I buy or sell Rapid7 stock right now?: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rapid7 in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RPD shares.
View RPD analyst ratings or view top-rated stocks.
What is Rapid7's stock price forecast for 2022?: 14 equities research analysts have issued 1 year price targets for Rapid7's shares. Their RPD share price forecasts range from $78.00 to $160.00. On average, they predict the company's share price to reach $106.36 in the next year. This suggests a possible upside of 61.4% from the stock's current price.
View analysts price targets for RPD or view top-rated stocks among Wall Street analysts.
How have RPD shares performed in 2022?: Rapid7's stock was trading at $117.69 at the beginning of the year. Since then, RPD shares have decreased by 44.0% and is now trading at $65.89.
View the best growth stocks for 2022 here.
When is Rapid7's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our RPD earnings forecast.
How were Rapid7's earnings last quarter?: Rapid7, Inc. (NASDAQ:RPD) issued its quarterly earnings data on Wednesday, November, 3rd. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.56) by $0.62. The technology company had revenue of $139.89 million for the quarter, compared to analyst estimates of $134.22 million. During the same period last year, the company posted ($0.34) EPS.
What guidance has Rapid7 issued on next quarter's earnings?: Rapid7 issued an update on its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $0.03-$0.06 for the period, compared to the consensus EPS estimate of $0.14. The company issued revenue guidance of $175.00 million-$177.00 million, compared to the consensus revenue estimate of $177.81 million.
What is Corey E. Thomas' approval rating as Rapid7's CEO?: 196 employees have rated Rapid7 Chief Executive Officer Corey E. Thomas on Glassdoor.com. Corey E. Thomas has an approval rating of 99% among the company's employees. This puts Corey E. Thomas in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Rapid7 own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Rapid7 investors own include CA (CA), Micron Technology (MU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Alibaba Group (BABA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Splunk (SPLK), Block (SQ) and Trade Desk (TTD).
When did Rapid7 IPO?: (RPD) raised $91 million in an initial public offering (IPO) on Friday, July 17th 2015. The company issued 6,500,000 shares at a price of $13.00-$15.00 per share. Morgan Stanley and Barclays served as the underwriters for the IPO and Pacific Crest Securities, William Blair, Raymond James and Cowen and Company were co-managers.
What is Rapid7's stock symbol?: Rapid7 trades on the NASDAQ under the ticker symbol "RPD."
Who are Rapid7's major shareholders?: Rapid7's stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (3.50%), Pictet Asset Management SA (2.97%), Macquarie Group Ltd. (2.23%), Loomis Sayles & Co. L P (1.94%), Massachusetts Financial Services Co. MA (1.69%) and Mirae Asset Global Investments Co. Ltd. (1.25%). Insiders that own company stock include Andrew F Burton, Benjamin Holzman, Christina Luconi, Corey E Thomas, Jeffrey Kalowski, Judy Bruner, Lee David Weiner, Michael J Berry, Peter Kaes, Thomas E Schodorf, Thomas E Schodorf and Timothy M Adams.
View institutional ownership trends.
How do I buy shares of Rapid7?: Shares of RPD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Rapid7's stock price today?: One share of RPD stock can currently be purchased for approximately $65.89.
How much money does Rapid7 make?: Rapid7 (NASDAQ:RPD) has a market capitalization of $3.84 billion and generates $535.40 million in revenue each year. The technology company earns $-146,330,000.00 in net income (profit) each year or ($2.92) on an earnings per share basis.
How many employees does Rapid7 have?: The company employs 2,353 workers across the globe.
How can I contact Rapid7?: Rapid7's mailing address is 120 Causeway Street, Boston MA, 02114. The official website for the company is www.rapid7.com. The technology company can be reached via phone at (617) 247-1717, via email at investors@rapid7.com, or via fax at 617-507-6488.

This page (NASDAQ:RPD) was last updated on 8/17/2022 by MarketBeat.com Staff

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Rapid7 - RPD Stock Forecast, Price & News

Rapid7 MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month