Rent the Runway, Inc. (NASDAQ:RENT – Get Free Report) SVP Becky Case sold 907 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $12.28, for a total transaction of $11,137.96. Following the transaction, the senior vice president now directly owns 30,379 shares of the company’s stock, valued at approximately $373,054.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Rent the Runway Stock Performance
Shares of NASDAQ RENT opened at $15.23 on Wednesday. Rent the Runway, Inc. has a 52-week low of $4.46 and a 52-week high of $58.00. The business has a fifty day moving average of $9.16 and a two-hundred day moving average of $10.71. The stock has a market cap of $55.92 million, a PE ratio of -0.46 and a beta of 0.49.
Rent the Runway (NASDAQ:RENT – Get Free Report) last released its quarterly earnings results on Wednesday, April 10th. The company reported ($5.83) EPS for the quarter, missing analysts’ consensus estimates of ($5.80) by ($0.03). The business had revenue of $75.80 million for the quarter, compared to analysts’ expectations of $74.50 million. Analysts predict that Rent the Runway, Inc. will post -20.2 earnings per share for the current year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several research firms have commented on RENT. Piper Sandler reaffirmed a “neutral” rating and issued a $15.00 price target (down previously from $40.00) on shares of Rent the Runway in a report on Wednesday, January 17th. Wells Fargo & Company restated an “equal weight” rating and issued a $12.00 target price on shares of Rent the Runway in a research note on Tuesday, January 16th. The Goldman Sachs Group reduced their target price on Rent the Runway from $40.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, April 12th. Finally, JMP Securities lowered their price target on shares of Rent the Runway from $40.00 to $20.00 and set a “market outperform” rating on the stock in a report on Thursday, April 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.88.
Get Our Latest Research Report on RENT
Rent the Runway Company Profile
Rent the Runway, Inc operates shared designer closet in the United States. The company offers evening wear and accessories, ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, and ski wear under subscription, rental, and resale offering.
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