Rent the Runway, Inc. (NASDAQ:RENT – Get Free Report) insider Sarah K. Tam sold 1,394 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $10.00, for a total value of $13,940.00. Following the completion of the sale, the insider now directly owns 32,315 shares in the company, valued at approximately $323,150. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Rent the Runway Stock Performance
Shares of RENT stock opened at $8.41 on Friday. Rent the Runway, Inc. has a 1 year low of $4.46 and a 1 year high of $41.81. The firm has a market capitalization of $30.88 million, a PE ratio of -0.28 and a beta of 1.08. The stock has a fifty day moving average of $12.97 and a two-hundred day moving average of $14.78.
Rent the Runway (NASDAQ:RENT – Get Free Report) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($4.17) earnings per share for the quarter, beating analysts’ consensus estimates of ($5.86) by $1.69. The company had revenue of $78.90 million for the quarter, compared to the consensus estimate of $76.60 million. During the same quarter in the prior year, the firm earned ($8.00) earnings per share. Equities research analysts predict that Rent the Runway, Inc. will post -19.08 earnings per share for the current fiscal year.
Institutional Trading of Rent the Runway
Wall Street Analyst Weigh In
Several brokerages have weighed in on RENT. JMP Securities increased their target price on Rent the Runway from $20.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday, June 7th. Jefferies Financial Group dropped their price objective on shares of Rent the Runway from $34.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.86.
Get Our Latest Stock Report on Rent the Runway
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.
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