Rent the Runway (NASDAQ:RENT) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Rent the Runway, Inc. (NASDAQ:RENT) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.14 and traded as high as $5.20. Rent the Runway shares last traded at $5.15, with a volume of 56,757 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Rent the Runway from a “hold” rating to a “sell” rating in a report on Sunday, August 31st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.00.

Rent the Runway Stock Performance

The firm’s 50 day moving average is $5.14 and its two-hundred day moving average is $5.14. The stock has a market capitalization of $21.10 million, a PE ratio of -0.24 and a beta of 1.37.

Rent the Runway (NASDAQ:RENT) last posted its quarterly earnings results on Thursday, September 11th. The company reported ($6.55) EPS for the quarter, missing the consensus estimate of ($4.57) by ($1.98). The business had revenue of $80.90 million for the quarter, compared to the consensus estimate of $75.50 million. During the same period in the previous year, the business earned $4.17 EPS. Rent the Runway has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Rent the Runway, Inc. will post -18.61 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new position in Rent the Runway during the 1st quarter worth approximately $46,000. Bank of America Corp DE boosted its holdings in shares of Rent the Runway by 40.0% in the 4th quarter. Bank of America Corp DE now owns 23,755 shares of the company’s stock valued at $202,000 after buying an additional 6,785 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Rent the Runway in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 73.10% of the company’s stock.

About Rent the Runway

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.