NASDAQ:RENT

Rent the Runway - RENT Stock Forecast, Price & News

$1.30

+0.04 (+3.17%)

(As of 11/25/2022 08:58 PM ET)

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Today's Range: $1.20
▼
$1.34
50-Day Range: $1.17
▼
$2.91
52-Week Range: $1.10
▼
$16.00

Volume: 403,200 shs
Average Volume: 982,685 shs
Market Capitalization: $84.12 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.95

Rent the Runway MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 511.9% Upside
$7.95 Price Target
Short Interest: Bearish
16.19% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.47
Based on 14 Articles This Week
Insider Trading: Selling Shares
$51,328 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($2.28) to ($1.87) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.35 out of 5 stars

Retail/Wholesale Sector

82nd out of 219 stocks

Retail Stores, Not Elsewhere Classified Industry

3rd out of 14 stocks

4.4

Analyst's Opinion

Consensus Rating
Rent the Runway has received a consensus rating of Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.95, Rent the Runway has a forecasted upside of 511.9% from its current price of $1.30.
Amount of Analyst Coverage
Rent the Runway has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
16.19% 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 5.8.
Change versus previous month
Short interest in Rent the Runway has recently increased by 3.42%, indicating that investor sentiment is decreasing.

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.

2.5

News and Social Media Coverage

News Sentiment
Rent the Runway has a news sentiment score of 0.47. 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 news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Rent the Runway this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for RENT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
4 people have added Rent the Runway to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

3.3

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 $51,328.00 in company stock.
Percentage Held by Insiders
10.70% 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 Institutions
78.90% 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.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Rent the Runway are expected to grow in the coming year, from ($2.28) to ($1.87) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Rent the Runway is -0.15, 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 -0.15, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Rent the Runway has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Rent the Runway (NASDAQ:RENT) Stock

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

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RENT Stock News Headlines

November 27, 2022 | markets.businessinsider.com

ROSEN, A Leading Law Firm, Encourages Rent the Runway, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action - RENT

November 25, 2022 | benzinga.com

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Rent the Runway, Inc. with Losses of $100,000 to Contact the Firm

November 24, 2022 | msn.com

Rent the Runway's Black Friday Deal Is Your Chance to Score a Membership on Major Discount

November 24, 2022 | benzinga.com

RENT LAWSUIT ALERT: Levi & Korsinsky Notifies Rent the Runway, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

November 23, 2022 | benzinga.com

DEADLINE ALERT for VWE, CORZ, and RENT: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

November 23, 2022 | benzinga.com

INVESTOR ACTION NOTICE: The Schall Law Firm Encourages Investors in Rent the Runway, Inc. with Losses of $100,000 to Contact the Firm

November 23, 2022 | tmcnet.com

RENT THE RUNWAY SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS

November 22, 2022 | benzinga.com

INVESTOR ACTION REMINDER: The Schall Law Firm Encourages Investors in Rent the Runway, Inc. with Losses of $100,000 to Contact the Firm

November 22, 2022 | benzinga.com

Kessler Topaz Meltzer & Check, LLP Announces a Securities Fraud Class Action Filed Against Rent the Runway, Inc.

November 22, 2022 | americanbankingnews.com

Rent the Runway (NASDAQ:RENT) Cut to Equal Weight at Morgan Stanley

November 21, 2022 | benzinga.com

Kirby McInerney LLP Reminds Investors That a...

November 21, 2022 | benzinga.com

Bronstein, Gewirtz & Grossman, LLC Notifies Rent the Runway, Inc. (RENT) Investors of Class Action and to Actively Participate

November 21, 2022 | msn.com

Ashley Park’s Rent The Runway Collection Came Just In Time For The Holidays

November 19, 2022 | markets.businessinsider.com

RENT INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Files Class Action Against Rent the Runway, Inc. and Announces Opportunity for Investors with Substantial Losses to Lead Lawsuit

November 18, 2022 | benzinga.com

Lowey Dannenberg Notifies Rent the Runway Inc. (NASDAQ:RTR) Investors of Securities Class Action Lawsuit and Upcoming Lead Plaintiff Deadline

November 18, 2022 | benzinga.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Rent the Runway, Inc. - RENT

November 18, 2022 | finance.yahoo.com

Rent the Runway to Report Third Quarter 2022 Results on December 7, 2022

November 17, 2022 | benzinga.com

CLASS ACTION UPDATE for ARGO, RENT and CORZ: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

November 17, 2022 | technews.tmcnet.com

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Rent the Runway, Inc. (RENT) Investors

November 16, 2022 | benzinga.com

INVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in Rent the Runway, Inc. with Losses of $100,000 to Contact the Firm

November 16, 2022 | benzinga.com

Bronstein, Gewirtz & Grossman, LLC Reminds Rent the Runway, Inc. (RENT) Investors of Class Action and to Actively Participate

November 15, 2022 | msn.com

‘Emily in Paris’ Star Ashley Park Teams up with Rent the Runway on a Collection of Holiday-Ready Outfits

November 15, 2022 | tmcnet.com

EQUITY ALERT: Rosen Law Firm Encourages Rent the

November 15, 2022 | benzinga.com

Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Rent the Runway, Inc. (RENT) Investors

November 15, 2022 | technews.tmcnet.com

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Rent the Runway, Inc. (RENT)

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30 days | 90 days | 365 days | Advanced Chart

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RENT Company Calendar

Last Earnings: 9/12/2022
Today: 11/28/2022
Next Earnings (Estimated): 12/14/2022
Fiscal Year End: 1/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Retail stores, not elsewhere classified
Sub-Industry: N/A
Sector: Retail/Wholesale
Current Symbol: NASDAQ:RENT
CUSIP: 76017410
CIK: 800458
Web: www.renttherunway.com
Phone: 212-524-6860
Fax: N/A
Employees: 1,096
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.95
High Stock Price Forecast: $16.00
Low Stock Price Forecast: $2.50
Forecasted Upside/Downside: +511.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($8.54)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-211,800,000.00
Net Margins: -76.30%
Pretax Margin: -76.38%
Return on Equity: -293.74%
Return on Assets: -37.01%

Debt

Debt-to-Equity Ratio: 38.00
Current Ratio: 3.23
Quick Ratio: 3.23

Sales & Book Value

Annual Sales: $203.30 million
Price / Sales: 0.41
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.13 per share
Price / Book: 1.15

Miscellaneous

Outstanding Shares: 64,704,000
Free Float: 57,781,000
Market Cap: $84.12 million
Optionable: Not Optionable
Beta: N/A

Key Executives

Ms. Jennifer Y. Hyman (Age 41)
Co-Founder, Chairman & CEO
Comp: $1.51M

Ms. Anushka Salinas (Age 40)
Pres & COO
Comp: $771.83k

Ms. Jennifer Fleiss (Age 38)
Co-Founder & Director

Ms. Scarlett O'Sullivan (Age 52)
Chief Financial Officer
Comp: $769.51k

Mr. Larry Steinberg (Age 54)
Chief Technology Officer

Ms. Cara Schembri (Age 46)
Gen. Counsel & Sec.

Ms. Andrea Alexander (Age 40)
Chief People Officer

Mr. Brian Donato (Age 51)
Chief Supply Chain Officer

Ms. Sarah K. Tam (Age 49)
Chief Merchant Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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 year. There are currently 3 hold ratings and 8 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 brokerages have issued 1 year price objectives for Rent the Runway's stock. Their RENT share price forecasts range from $2.50 to $16.00. On average, they expect the company's share price to reach $7.95 in the next twelve months. This suggests a possible upside of 511.9% 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 2022?: Rent the Runway's stock was trading at $8.15 at the start of the year. Since then, RENT stock has decreased by 84.0% and is now trading at $1.30.
View the best growth stocks for 2022 here.
When is Rent the Runway's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 14th 2022.
View our RENT earnings forecast.
How were Rent the Runway's earnings last quarter?: Rent the Runway, Inc. (NASDAQ:RENT) posted its earnings results on Monday, September, 12th. The company reported ($0.53) EPS for the quarter, topping the consensus estimate of ($0.65) by $0.12. The firm had revenue of $76.50 million for the quarter, compared to analysts' expectations of $73.46 million. Rent the Runway had a negative trailing twelve-month return on equity of 293.74% and a negative net margin of 76.30%.
What guidance has Rent the Runway issued on next quarter's earnings?: Rent the Runway updated its third quarter 2022 earnings guidance on Tuesday, October, 11th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $72.00 million-$74.00 million, compared to the consensus revenue estimate of $79.72 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 $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 Price T Rowe Associates Inc. MD (4.39%), BlackRock Inc. (4.04%), Vanguard Group Inc. (3.63%), Marshall Wace LLP (2.38%), State Street Corp (1.48%) and Quinn Opportunity Partners LLC (1.30%). Insiders that own company stock include Anushka Salinas, Beth J Kaplan, Brian Donato, Carley Roney, Jennifer Hyman, Larry Steinberg and Sarah K Tam.
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 $1.30.
How much money does Rent the Runway make?: Rent the Runway (NASDAQ:RENT) has a market capitalization of $84.11 million and generates $203.30 million in revenue each year. The company earns $-211,800,000.00 in net income (profit) each year or ($8.54) on an earnings per share basis.
How many employees does Rent the Runway have?: The company employs 1,096 workers across the globe.
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 11/28/2022 by MarketBeat.com Staff

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