NASDAQ:RENT Rent the Runway (RENT) Stock Forecast, Price & News $2.80 +0.32 (+12.90%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$2.48▼$2.9050-Day Range$2.00▼$3.1952-Week Range$1.10▼$5.74Volume1.87 million shsAverage Volume849,142 shsMarket Capitalization$186.12 millionP/E RatioN/ADividend YieldN/APrice Target$5.94 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesShort InterestSocial Media Rent the Runway MarketRank™ ForecastAnalyst RatingModerate Buy2.64 Rating ScoreUpside/Downside112.3% Upside$5.94 Price TargetShort InterestBearish18.82% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.31Based on 10 Articles This WeekInsider TradingSelling Shares$692,497 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.69) to ($1.44) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.83 out of 5 starsRetail/Wholesale Sector143rd out of 208 stocksRetail Stores, Not Elsewhere Classified Industry10th out of 12 stocks 3.3 Analyst's Opinion Consensus RatingRent the Runway has received a consensus rating of Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.94, Rent the Runway has a forecasted upside of 112.3% from its current price of $2.80.Amount of Analyst CoverageRent the Runway has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted18.82% of the float of Rent the Runway has been sold short.Short Interest Ratio / Days to CoverRent the Runway has a short interest ratio ("days to cover") of 10.1, which indicates bearish sentiment.Change versus previous monthShort interest in Rent the Runway has recently decreased by 1.90%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldRent the Runway does not currently pay a dividend.Dividend GrowthRent the Runway does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for RENT. Previous Next 0.9 News and Social Media Coverage News SentimentRent 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 0.45 average news sentiment score of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Rent the Runway this week, compared to 5 articles on an average week.MarketBeat FollowsOnly 1 people have added Rent the Runway to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn 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 $692,497.00 in company stock.Percentage Held by Insiders12.09% of the stock of Rent the Runway is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions69.87% 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. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Rent the Runway are expected to grow in the coming year, from ($1.69) to ($1.44) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rent the Runway is -1.30, 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. SectorThe P/E ratio of Rent the Runway is -1.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Previous Next See Top Rated MarketRank™ Stocks Here About Rent the Runway (NASDAQ:RENT) StockRent 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. It also engages in the software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.Read More Receive RENT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Rent the Runway and its competitors with MarketBeat's FREE daily newsletter. Email Address RENT Stock News HeadlinesJune 7, 2023 | markets.businessinsider.comWhat Wall Street expects from Rent the Runway A's earningsJune 7, 2023 | marketwatch.comRent the Runway's 1Q Losses Set to Narrow Amid Rising Revenue -- Earnings PreviewJune 7, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.June 7, 2023 | americanbankingnews.comBrokerages Set Rent the Runway, Inc. (NASDAQ:RENT) Target Price at $5.94June 6, 2023 | msn.comRent the Runway's Earnings OutlookJune 6, 2023 | americanbankingnews.comRent the Runway (RENT) to Release Quarterly Earnings on WednesdayJune 2, 2023 | finance.yahoo.comApple's WWDC, GameStop earnings, econ. data: What to watch next weekMay 29, 2023 | americanbankingnews.comAnalyzing NovelStem International (OTCMKTS:NSTM) & Rent the Runway (NASDAQ:RENT)June 7, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.May 27, 2023 | americanbankingnews.comHead to Head Survey: 1-800-FLOWERS.COM (NASDAQ:FLWS) & Rent the Runway (NASDAQ:RENT)May 24, 2023 | finance.yahoo.comRent the Runway to Participate in Upcoming Investor ConferenceMay 20, 2023 | yahoo.comHere's How to Shop Designers Like Proenza Schouler and Kate Spade Starting at Just $35 on AmazonMay 18, 2023 | finance.yahoo.comOwning 40% shares,institutional owners seem interested in Rent the Runway, Inc. (NASDAQ:RENT),May 17, 2023 | finance.yahoo.comRent the Runway to Report First Quarter 2023 Results on June 7, 2023May 16, 2023 | yahoo.comThe 25 Best Beach Wedding Guest Dresses for Seaside NuptialsMay 13, 2023 | americanbankingnews.comBrokerages Set Rent the Runway, Inc. (NASDAQ:RENT) PT at $5.94May 13, 2023 | americanbankingnews.comBARK (NYSE:BARK) and Rent the Runway (NASDAQ:RENT) Head-To-Head AnalysisMay 12, 2023 | marketwatch.comFull Dress Renta Market 2023 Highlights, Recent Trends, Market Growth And Opportunities Till 2030| Rent the Runway, Nuuly, Tulerie, Gwynnie BeeMay 10, 2023 | forbes.comRent The Runway Founder Offers Advice For Aspiring EntrepreneursMay 6, 2023 | americanbankingnews.comRent the Runway, Inc. (NASDAQ:RENT) CEO Jennifer Hyman Sells 9,385 SharesMay 5, 2023 | msn.comA Huge Rent the Runway Sale Is Happening & It'll Come in Handy for Slaying All Your Summer EventsMay 4, 2023 | marketwatch.comJewelry Rental Market Hike in Revenue Along With Top Key Players | Rocksbox, Vivrelle, Rent the RunwayApril 25, 2023 | marketwatch.comHigh Fashion Rental Market Outlook, Growth Analysis and Industry Research Report to 2030 | Rent the Runway, Janet Mandell, TulerieApril 21, 2023 | americanbankingnews.comRent the Runway, Inc. (NASDAQ:RENT) Insider Andrea Alexander Sells 16,281 SharesApril 21, 2023 | americanbankingnews.comRent the Runway, Inc. (NASDAQ:RENT) CFO Scarlett O'sullivan Sells 68,071 SharesApril 19, 2023 | americanbankingnews.comRent the Runway, Inc. (NASDAQ:RENT) to Post Q1 2024 Earnings of ($0.50) Per Share, Telsey Advisory Group ForecastsApril 18, 2023 | americanbankingnews.comKeyCorp Weighs in on Rent the Runway, Inc.'s Q2 2024 Earnings (NASDAQ:RENT)See More Headlines RENT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RENT Company Calendar Last Earnings4/12/2023Today6/07/2023Next Earnings (Confirmed)6/07/2023Fiscal Year End1/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Retail stores, not elsewhere classified Sub-IndustryN/A SectorRetail/Wholesale Current SymbolNASDAQ:RENT CUSIP76017410 CIK800458 Webwww.renttherunway.com Phone212-524-6860FaxN/AEmployees1,015Year Founded2009Price Target and Rating Average Stock Price Forecast$5.94 High Stock Price Forecast$12.00 Low Stock Price Forecast$3.50 Forecasted Upside/Downside+112.3%Consensus RatingModerate Buy Rating Score (0-4)2.64 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($2.16) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-138,700,000.00 Net Margins-46.79% Pretax Margin-46.86% Return on Equity-649.61% Return on Assets-35.01% Debt Debt-to-Equity RatioN/A Current Ratio2.87 Quick Ratio2.87 Sales & Book Value Annual Sales$296.40 million Price / Sales0.63 Cash FlowN/A Price / Cash FlowN/A Book Value($0.54) per share Price / Book-5.19Miscellaneous Outstanding Shares66,470,000Free Float58,433,000Market Cap$186.12 million OptionableNot Optionable Beta0.66 Social Links Key ExecutivesMs. Jennifer Y. Hyman (Age 43)Co-Founder, Chairman & CEO Comp: $1.51MMs. Anushka Salinas (Age 41)Pres & COO Comp: $771.83kMs. Jennifer Fleiss (Age 40)Co-Founder & Director Ms. Scarlett O'Sullivan (Age 53)Chief Financial Officer Comp: $769.51kMr. Larry Steinberg (Age 55)Chief Technology Officer Jackie BlattHead of Investor RelationsMs. Cara Schembri (Age 47)Gen. Counsel & Sec. Ms. Andrea Alexander (Age 41)Chief People Officer Mr. Brian Donato (Age 52)Chief Supply Chain Officer Ms. Sarah K. Tam (Age 50)Chief Merchant Officer More ExecutivesKey CompetitorsBARKNYSE:BARKYunjiNASDAQ:YJNewegg CommerceNASDAQ:NEGG1-800-FLOWERS.COMNASDAQ:FLWSTitan MachineryNASDAQ:TITNView All CompetitorsInsiders & InstitutionsAndrew RauSold 2,131 sharesTotal: $4,432.48 ($2.08/share)JPMorgan Chase & Co.Sold 29,689 shares on 5/18/2023Ownership: 0.200%State Street CorpBought 5,410 shares on 5/16/2023Ownership: 1.521%Geode Capital Management LLCBought 66,962 shares on 5/16/2023Ownership: 1.343%Balyasny Asset Management L.P.Bought 126,732 shares on 5/16/2023Ownership: 0.191%View All Insider TransactionsView All Institutional Transactions RENT Stock - Frequently Asked Questions Should I buy or sell Rent the Runway stock right now? 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rent the Runway in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RENT shares. View RENT analyst ratings or view top-rated stocks. What is Rent the Runway's stock price forecast for 2023? 11 equities research analysts have issued 12 month price objectives for Rent the Runway's stock. Their RENT share price forecasts range from $3.50 to $12.00. On average, they anticipate the company's stock price to reach $5.94 in the next year. This suggests a possible upside of 112.3% 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 2023? Rent the Runway's stock was trading at $3.05 at the start of the year. Since then, RENT stock has decreased by 8.2% and is now trading at $2.80. View the best growth stocks for 2023 here. When is Rent the Runway's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023. View our RENT earnings forecast. How were Rent the Runway's earnings last quarter? Rent the Runway, Inc. (NASDAQ:RENT) released its quarterly earnings data on Wednesday, April, 12th. The company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($0.51) by $0.13. The company had revenue of $75.40 million for the quarter, compared to analyst estimates of $73.34 million. Rent the Runway had a negative net margin of 46.79% and a negative trailing twelve-month return on equity of 649.61%. What guidance has Rent the Runway issued on next quarter's earnings? Rent the Runway updated its first quarter 2023 earnings guidance on Wednesday, April, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $72.00 million-$74.00 million, compared to the consensus revenue estimate of $76.80 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) raised $332 million in an initial public offering on Wednesday, October 27th 2021. The company issued 17,000,000 shares at a price of $18.00-$21.00 per share. What is Rent the Runway's stock symbol? Rent the Runway trades on the NASDAQ under the ticker symbol "RENT." Who are Rent the Runway's major shareholders? Rent the Runway's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.10%), Franklin Resources Inc. (2.00%), State Street Corp (1.52%), Geode Capital Management LLC (1.34%), Renaissance Technologies LLC (0.82%) and Intrinsic Edge Capital Management LLC (0.75%). Insiders that own company stock include Andrea Alexander, Andrew Rau, Anushka Salinas, Beth J Kaplan, Brian Donato, Cara Schembri, Carley Roney, Jennifer Hyman, Larry Steinberg, Sarah K Tam and Scarlett O'sullivan. View institutional ownership trends. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Rent the Runway's stock price today? One share of RENT stock can currently be purchased for approximately $2.80. How much money does Rent the Runway make? Rent the Runway (NASDAQ:RENT) has a market capitalization of $186.12 million and generates $296.40 million in revenue each year. The company earns $-138,700,000.00 in net income (profit) each year or ($2.16) on an earnings per share basis. How many employees does Rent the Runway have? The company employs 1,015 workers across the globe. Does Rent the Runway have any subsidiaries? The following companies are subsidiares of Rent the Runway: Go Try It On.Read More How can I contact Rent the Runway? Rent the Runway's mailing address is 7700 NE Ambassador Pl, PORTLAND, OR 97220-1394, United States. The official website for the company is www.renttherunway.com. The company can be reached via phone at 212-524-6860 or via email at investors@renttherunway.com. This page (NASDAQ:RENT) was last updated on 6/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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