Rent the Runway (NASDAQ:RENT – Get Rating) posted its earnings results on Monday. The company reported ($0.53) earnings per share for the quarter, beating the consensus estimate of ($0.65) by $0.12, MarketWatch Earnings reports.
Rent the Runway Trading Down 4.6 %
Shares of NASDAQ RENT traded down $0.14 during trading on Wednesday, reaching $2.88. The stock had a trading volume of 79,257 shares, compared to its average volume of 970,578. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 7.78. Rent the Runway has a fifty-two week low of $2.98 and a fifty-two week high of $24.77. The business’s 50-day moving average price is $4.50 and its 200-day moving average price is $4.86.
Insider Buying and Selling
In other Rent the Runway news, CEO Jennifer Hyman sold 9,383 shares of Rent the Runway stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $4.56, for a total value of $42,786.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 17,744 shares of company stock valued at $80,913. Corporate insiders own 10.70% of the company’s stock.
Hedge Funds Weigh In On Rent the Runway
Analysts Set New Price Targets
Several analysts recently commented on RENT shares. Morgan Stanley dropped their price target on shares of Rent the Runway from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday. Raymond James decreased their price objective on Rent the Runway from $9.00 to $8.00 and set an “outperform” rating on the stock in a report on Tuesday. Telsey Advisory Group dropped their target price on shares of Rent the Runway from $13.00 to $8.00 and set an “outperform” rating for the company in a report on Tuesday. KeyCorp started coverage on shares of Rent the Runway in a research report on Wednesday, July 20th. They issued a “sector weight” rating for the company. Finally, The Goldman Sachs Group lowered their price target on shares of Rent the Runway from $9.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.91.
Rent the Runway Company Profile
Rent the Runway, Inc rents designer wear for women through its stores and online retail. The company offers ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods, evening wear, and kids wear, as well as accessories.
- Get a free copy of the StockNews.com research report on Rent the Runway (RENT)
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