Rapid7 (NASDAQ:RPD) Upgraded to “Buy” at Wall Street Zen
by Teresa Graham · The Cerbat GemWall Street Zen upgraded shares of Rapid7 (NASDAQ:RPD – Free Report) from a hold rating to a buy rating in a research report sent to investors on Monday morning.
A number of other research firms have also weighed in on RPD. Mizuho lowered their price target on shares of Rapid7 from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Needham & Company LLC restated a “hold” rating on shares of Rapid7 in a research report on Wednesday, February 11th. Piper Sandler lowered their price target on shares of Rapid7 from $16.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Barclays lowered their price target on shares of Rapid7 from $15.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 12th. Finally, Stephens lowered their price target on shares of Rapid7 from $19.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $12.53.
Check Out Our Latest Report on Rapid7
Rapid7 Stock Up 7.6%
Shares of NASDAQ RPD opened at $5.78 on Monday. The company’s 50-day simple moving average is $7.46 and its 200-day simple moving average is $13.09. Rapid7 has a 52-week low of $5.24 and a 52-week high of $27.10. The firm has a market cap of $380.84 million, a price-to-earnings ratio of 16.06 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 5.77.
Rapid7 (NASDAQ:RPD – Get Free Report) last announced its earnings results on Tuesday, February 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $217.39 million for the quarter, compared to analyst estimates of $215.17 million. Rapid7 had a net margin of 2.72% and a return on equity of 47.33%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 earnings per share. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. Equities analysts predict that Rapid7 will post 0.35 EPS for the current fiscal year.
Hedge Funds Weigh In On Rapid7
A number of institutional investors have recently bought and sold shares of RPD. Sound Income Strategies LLC purchased a new position in Rapid7 during the fourth quarter worth about $40,000. CI Investments Inc. raised its stake in Rapid7 by 48.4% during the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after purchasing an additional 744 shares during the period. Abich Financial Wealth Management LLC purchased a new position in Rapid7 during the third quarter worth about $44,000. Headlands Technologies LLC purchased a new position in Rapid7 during the second quarter worth about $44,000. Finally, Parallel Advisors LLC raised its stake in Rapid7 by 81.6% during the fourth quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,364 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.
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.