Should I buy or sell Rent the Runway stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rent the Runway in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RENT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RENT, but not buy additional shares or sell existing shares. View RENT analyst ratings or view top-rated stocks .

What is Rent the Runway's stock price target for 2024?

8 brokers have issued 12 month price objectives for Rent the Runway's shares. Their RENT share price targets range from $12.00 to $100.00. On average, they predict the company's stock price to reach $31.88 in the next year. This suggests a possible upside of 182.6% from the stock's current price. View analysts price targets for RENT or view top-rated stocks among Wall Street analysts .

How have RENT shares performed in 2024?

Rent the Runway's stock was trading at $10.55 at the beginning of the year. Since then, RENT shares have increased by 6.9% and is now trading at $11.28. View the best growth stocks for 2024 here .

Are investors shorting Rent the Runway?

Rent the Runway saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 352,500 shares, a decline of 94.8% from the March 15th total of 6,810,000 shares. Based on an average daily trading volume, of 45,900 shares, the short-interest ratio is presently 7.7 days. Currently, 23.5% of the company's stock are sold short. View Rent the Runway's Short Interest .

When is Rent the Runway's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 5th 2024. View our RENT earnings forecast .

How were Rent the Runway's earnings last quarter?

Rent the Runway, Inc. (NASDAQ:RENT) posted its quarterly earnings data on Tuesday, December, 5th. The company reported ($9.00) EPS for the quarter, missing analysts' consensus estimates of ($8.40) by $0.60. The firm earned $72.50 million during the quarter, compared to the consensus estimate of $73.16 million. During the same quarter in the previous year, the firm earned ($9.40) earnings per share.

When did Rent the Runway's stock split?

Shares of Rent the Runway reverse split before market open on Wednesday, April 3rd 2024. The 1-20 reverse split was announced on Wednesday, April 3rd 2024. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, April 3rd 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

What guidance has Rent the Runway issued on next quarter's earnings?

Rent the Runway updated its first quarter 2024 earnings guidance on Wednesday, April, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $73.0 million-$75.0 million, compared to the consensus revenue estimate of $75.0 million.

What other stocks do shareholders of Rent the Runway own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rent the Runway investors own include Alibaba Group (BABA) , OPKO Health (OPK) , American Airlines Group (AAL) , Alnylam Pharmaceuticals (ALNY) , Ambarella (AMBA) , Broadcom (AVGO) , Biogen (BIIB) and Walt Disney (DIS) .

When did Rent the Runway IPO?

Rent the Runway (RENT) raised $332 million in an initial public offering (IPO) on Wednesday, October 27th 2021. The company issued 17,000,000 shares at a price of $18.00-$21.00 per share.

How do I buy shares of Rent the Runway?

Shares of RENT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Rent the Runway have any subsidiaries?

The following companies are subsidiares of Rent the Runway: Go Try It On. Read More

NASDAQ:RENT

Rent the Runway (RENT) Stock Price, News & Analysis

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$11.28

-1.12 (-9.03%)

(As of 04/18/2024 ET)

Compare

Today's Range: $10.01
▼
$12.70
50-Day Range: $4.78
▼
$19.38
52-Week Range: $4.46
▼
$64.10

Volume: 593,107 shs
Average Volume: 1.11 million shs
Market Capitalization: $39.71 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $31.88

Get Rent the Runway alerts:

Rent the Runway MarketRank™ Stock Analysis

Analyst Rating: Hold
2.38 Rating Score
Upside/Downside: 182.6% Upside
$31.88 Price Target
Short Interest: Healthy
23.50% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.31
Based on 10 Articles This Week
Insider Trading: Selling Shares
$131,156 Sold Last Quarter
Proj. Earnings Growth: Decreasing
From ($20.20) to ($21.20) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.95 out of 5 stars

Retail/Wholesale Sector

147th out of 198 stocks

Retail Stores, Not Elsewhere Classified Industry

9th out of 12 stocks

3.2

Analyst's Opinion

Consensus Rating
Rent the Runway has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Rent the Runway has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
23.50% of the float of Rent the Runway has been sold short.
Short Interest Ratio / Days to Cover
Rent the Runway has a short interest ratio ("days to cover") of 7.7.
Change versus previous month
Short interest in Rent the Runway has recently decreased by 94.82%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Rent the Runway does not currently pay a dividend.
Dividend Growth
Rent the Runway does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RENT.

2.9

News and Social Media Coverage

News Sentiment
Rent the Runway has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Rent the Runway this week, compared to 3 articles on an average week.
Search Interest
23 people have searched for RENT on MarketBeat in the last 30 days. This is an increase of 2,200% compared to the previous 30 days.
MarketBeat Follows
10 people have added Rent the Runway to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Rent the Runway insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $131,156.00 in company stock.
Percentage Held by Insiders
Only 9.05% of the stock of Rent the Runway is held by insiders.
Percentage Held by Institutions
73.10% of the stock of Rent the Runway is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Rent the Runway are expected to decrease in the coming year, from ($20.20) to ($21.20) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rent the Runway is -0.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Rent the Runway is -0.34, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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About Rent the Runway Stock (NASDAQ:RENT)

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. It also engages in the software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.

RENT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RENT Stock News Headlines

March 20, 2024 | insidertrades.com

Rent the Runway, Inc. (NASDAQ:RENT) Insider Sells $16,596.65 in Stock

April 15, 2024 | finance.yahoo.com

Rent the Runway CEO Confident in Company's Growth

April 18, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 14, 2024 | americanbankingnews.com

The Goldman Sachs Group Lowers Rent the Runway (NASDAQ:RENT) Price Target to $28.00

April 13, 2024 | americanbankingnews.com

Rent the Runway (NASDAQ:RENT) PT Lowered to $20.00

April 12, 2024 | msn.com

Rent the Runway still vulnerable to volatile consumer spending environment - analyst

April 12, 2024 | finance.yahoo.com

Rent the Runway, Inc. (NASDAQ:RENT) Q4 2023 Earnings Call Transcript

April 11, 2024 | finance.yahoo.com

Rent the Runway Jumps a Record 162% After Earnings Beat

April 18, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 11, 2024 | investorplace.com

5 Investors Betting Big on Rent the Runway (RENT) Stock

April 11, 2024 | marketwatch.com

Rent the Runway Shares Surge on 1Q Guidance

April 11, 2024 | fxstreet.com

Rent the Runway Stock News: RENT spikes 130% as NASDAQ gains on PPI inflation

April 11, 2024 | msn.com

Rent the Runway shares skyrocket on Q4 results, upbeat outlook

April 11, 2024 | finance.yahoo.com

Rent the Runway shares get caught up in AI frenzy, surge over 200%

April 11, 2024 | finance.yahoo.com

Rent the Runway Stock Is Up More Than 100% Today. The Jump Doesn’t Make Up for Much.

April 11, 2024 | finance.yahoo.com

Rent the Runway Stock Is Up More Than 100% Today

April 11, 2024 | finance.yahoo.com

Rent the Runway Eyes Record Jump as Earnings Spark Revival Hope

April 11, 2024 | reuters.com

Rent the Runway shares triple after upbeat revenue forecast on AI bet

April 11, 2024 | proactiveinvestors.com

Rent the Runway stock surges 170% on cheery 2024 outlook

April 11, 2024 | markets.businessinsider.com

Rent the Runway (RENT) Receives a Buy from JMP Securities

April 11, 2024 | msn.com

Why Rent The Runway Shares Are Skyrocketing Today

April 11, 2024 | finance.yahoo.com

Rent the Runway stock jumps on optimistic 2024 outlook

April 11, 2024 | investorplace.com

Why Is Rent the Runway (RENT) Stock Up 30% Today?

April 10, 2024 | investorplace.com

RENT Stock Earnings: Rent the Runway Misses EPS, Beats Revenue for Q4 2023

April 10, 2024 | marketwatch.com

Rent the Runway 4Q Loss Narrows, Active Consumer Base Keeps Declining

April 10, 2024 | msn.com

Rent the Runway rallies as Q4 loss narrows, revenue beats expectations

April 10, 2024 | pymnts.com

Rent the Runway Drives Loyalty Boost With AI Search Upgrades

See More Headlines

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Company Calendar

Last Earnings: 12/05/2023
Today: 4/18/2024
Next Earnings (Estimated): 6/05/2024
Fiscal Year End: 1/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Retail/Wholesale
Industry: Retail stores, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:RENT
CUSIP: 76017410
CIK: 800458
Web: www.renttherunway.com
Phone: 212-524-6860
Fax: N/A
Employees: 1,104
Year Founded: 2009

Price Target and Rating

Average Stock Price Target: $31.88
High Stock Price Target: $100.00
Low Stock Price Target: $12.00
Potential Upside/Downside: +167.6%
Consensus Rating: Hold
Rating Score (0-4): 2.38
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($33.22)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-113,200,000.00
Net Margins: -37.96%
Pretax Margin: -37.89%
Return on Equity: N/A
Return on Assets: -35.72%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.12
Quick Ratio: 2.12

Sales & Book Value

Annual Sales: $298.20 million
Price / Sales: 0.14
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($34.78) per share
Price / Book: -0.34

Miscellaneous

Outstanding Shares: 3,520,000
Free Float: 3,198,000
Market Cap: $41.92 million
Optionable: Optionable
Beta: 0.82

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Key Executives

Ms. Jennifer Y. Hyman (Age 43)
President, Co-Founder, Chairman & CEO
Comp: $1.49M
Ms. Jennifer Fleiss (Age 40)
Co-Founder & Director
Comp: $22k
Mr. Daniel Lee Rosensweig (Age 62)
Advisor
Comp: $27.25k
Mr. Siddharth B. Thacker (Age 47)
Chief Financial Officer
Ms. Cara Schembri (Age 47)
Chief Legal & Administrative Officer
Ms. Natalie McGrath
Chief Marketing Officer
Ms. Sarah K. Tam (Age 50)
Chief Merchant Officer
Mr. Drew Rau (Age 45)
Chief Supply Chain Officer
Ms. Becky Case
Senior Vice President of Engineering
Zachary Benjamin Phillips
Senior Vice President of Product

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RENT Stock Analysis - Frequently Asked Questions

Should I buy or sell Rent the Runway stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rent the Runway in the last year. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RENT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RENT, but not buy additional shares or sell existing shares.
View RENT analyst ratings or view top-rated stocks.
What is Rent the Runway's stock price target for 2024?: 8 brokers have issued 12 month price objectives for Rent the Runway's shares. Their RENT share price targets range from $12.00 to $100.00. On average, they predict the company's stock price to reach $31.88 in the next year. This suggests a possible upside of 182.6% from the stock's current price.
View analysts price targets for RENT or view top-rated stocks among Wall Street analysts.
How have RENT shares performed in 2024?: Rent the Runway's stock was trading at $10.55 at the beginning of the year. Since then, RENT shares have increased by 6.9% and is now trading at $11.28.
View the best growth stocks for 2024 here.
Are investors shorting Rent the Runway?: Rent the Runway saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 352,500 shares, a decline of 94.8% from the March 15th total of 6,810,000 shares. Based on an average daily trading volume, of 45,900 shares, the short-interest ratio is presently 7.7 days. Currently, 23.5% of the company's stock are sold short.
View Rent the Runway's Short Interest.
When is Rent the Runway's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 5th 2024.
View our RENT earnings forecast.
How were Rent the Runway's earnings last quarter?: Rent the Runway, Inc. (NASDAQ:RENT) posted its quarterly earnings data on Tuesday, December, 5th. The company reported ($9.00) EPS for the quarter, missing analysts' consensus estimates of ($8.40) by $0.60. The firm earned $72.50 million during the quarter, compared to the consensus estimate of $73.16 million. During the same quarter in the previous year, the firm earned ($9.40) earnings per share.

When did Rent the Runway's stock split?: Shares of Rent the Runway reverse split before market open on Wednesday, April 3rd 2024. The 1-20 reverse split was announced on Wednesday, April 3rd 2024. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, April 3rd 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.
What guidance has Rent the Runway issued on next quarter's earnings?: Rent the Runway updated its first quarter 2024 earnings guidance on Wednesday, April, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $73.0 million-$75.0 million, compared to the consensus revenue estimate of $75.0 million.
What other stocks do shareholders of Rent the Runway own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Rent the Runway investors own include Alibaba Group (BABA), OPKO Health (OPK), American Airlines Group (AAL), Alnylam Pharmaceuticals (ALNY), Ambarella (AMBA), Broadcom (AVGO), Biogen (BIIB) and Walt Disney (DIS).
When did Rent the Runway IPO?: Rent the Runway (RENT) raised $332 million in an initial public offering (IPO) on Wednesday, October 27th 2021. The company issued 17,000,000 shares at a price of $18.00-$21.00 per share.
How do I buy shares of Rent the Runway?: Shares of RENT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Rent the Runway have any subsidiaries?: The following companies are subsidiares of Rent the Runway: Go Try It On.
Read More

This page (NASDAQ:RENT) was last updated on 4/18/2024 by MarketBeat.com Staff

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Rent the Runway (RENT) Stock Price, News & Analysis

Rent the Runway MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Rent the Runway Stock (NASDAQ:RENT)

RENT Stock Price History

RENT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

RENT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™