Rapid7, Inc. (NASDAQ:RPD) Receives $22.78 Consensus PT from Analysts

by · The Cerbat Gem

Shares of Rapid7, Inc. (NASDAQ:RPD – Get Free Report) have been assigned an average rating of “Hold” from the twenty-one ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $22.7778.

A number of equities analysts have recently weighed in on RPD shares. Citigroup dropped their price objective on Rapid7 from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Wall Street Zen cut Rapid7 from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Morgan Stanley cut their price objective on shares of Rapid7 from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, September 2nd. Zacks Research cut shares of Rapid7 from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Rapid7 from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th.

Read Our Latest Report on Rapid7

Insider Activity at Rapid7

In other news, CAO Scott M. Murphy sold 1,370 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $20.25, for a total transaction of $27,742.50. Following the completion of the transaction, the chief accounting officer owned 27,592 shares in the company, valued at $558,738. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rapid7

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPD. Principal Financial Group Inc. raised its holdings in shares of Rapid7 by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 54,915 shares of the technology company’s stock worth $1,456,000 after acquiring an additional 609 shares in the last quarter. Victory Capital Management Inc. increased its position in Rapid7 by 20.3% in the first quarter. Victory Capital Management Inc. now owns 21,040 shares of the technology company’s stock worth $558,000 after purchasing an additional 3,554 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in Rapid7 in the first quarter worth $400,000. Y Intercept Hong Kong Ltd purchased a new stake in Rapid7 during the first quarter valued at $858,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Rapid7 during the first quarter valued at $1,439,000. 95.66% of the stock is owned by institutional investors.

Rapid7 Stock Performance

Shares of NASDAQ RPD opened at $13.46 on Friday. The stock has a market cap of $881.37 million, a PE ratio of 32.83 and a beta of 0.94. Rapid7 has a 1 year low of $13.41 and a 1 year high of $44.48. The firm has a fifty day moving average price of $18.13 and a 200-day moving average price of $20.99. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.36 and a quick ratio of 1.36.

Rapid7 (NASDAQ:RPD – Get Free Report) last released its earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. The company had revenue of $217.96 million for the quarter, compared to analysts’ expectations of $216.14 million. During the same quarter in the previous year, the company earned $0.66 EPS. Rapid7’s revenue for the quarter was up 1.5% on a year-over-year basis. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS. Q4 2025 guidance at 0.370-0.44 EPS. Equities analysts anticipate that Rapid7 will post 0.35 earnings per share for the current fiscal year.

About Rapid7

(Get Free Report)

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.

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