NASDAQ:RENT Rent the Runway (RENT) Stock Forecast, Price & News $0.71 -0.01 (-1.38%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$0.69▼$0.7550-Day Range$0.68▼$1.8552-Week Range$0.66▼$4.82Volume853,686 shsAverage Volume1.43 million shsMarket Capitalization$49.20 millionP/E RatioN/ADividend YieldN/APrice Target$3.43 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesShort InterestSocial Media Rent the Runway MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside380.5% Upside$3.43 Price TargetShort InterestBearish20.25% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingSelling Shares$385,863 Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.66) to ($1.46) 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.2.41 out of 5 starsRetail/Wholesale Sector93rd out of 211 stocksRetail Stores, Not Elsewhere Classified Industry6th out of 13 stocks 4.3 Analyst's Opinion Consensus RatingRent the Runway has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $3.43, Rent the Runway has a forecasted upside of 380.5% from its current price of $0.71.Amount of Analyst CoverageRent the Runway has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted20.25% 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 8.5.Change versus previous monthShort interest in Rent the Runway has recently increased by 8.65%, indicating that investor sentiment is decreasing significantly. 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 3.4 News and Social Media Coverage News SentimentRent the Runway has a news sentiment score of 1.04. 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 higher news sentiment than the 0.59 average news sentiment score of Retail/Wholesale companies.Search Interest8 people have searched for RENT on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.MarketBeat Follows5 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. 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 $385,863.00 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 Institutions66.51% 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 ($1.66) to ($1.46) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Rent the Runway is -0.39, 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 -0.39, 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. 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.Read More RENT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart RENT Stock News HeadlinesSeptember 13, 2023 | investorplace.comIs a Giant Short Squeeze Brewing in Rent the Runway (RENT) Stock?September 11, 2023 | finance.yahoo.comTesla upgraded, Rent The Runway downgraded: Wall Street's top analyst callsOctober 4, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...September 11, 2023 | markets.businessinsider.comRent The Runway Analyst Cuts Forecast By 75%: 'Customer Acquisition Will Take A Hit'September 11, 2023 | finance.yahoo.comRent the Runway, Inc. (NASDAQ:RENT) Q2 2023 Earnings Call TranscriptSeptember 11, 2023 | finance.yahoo.comRent the Runway Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues LagSeptember 10, 2023 | marketwatch.comRent the Runway 2Q Loss Narrows, Revenue MissesSeptember 10, 2023 | msn.comRent the Runway (NASDAQ: RENT) Stumbles as Q2 Revenues Miss ExpectationsOctober 4, 2023 | Chaikin Analytics (Ad)This is the #1 Stock to Buy for the AI Tidal WaveMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.September 8, 2023 | seekingalpha.comRent the Runway GAAP EPS of -$0.40, revenue of $75.7MSeptember 8, 2023 | finance.yahoo.comRent the Runway, Inc. (RENT) Reports Q2 Loss, Lags Revenue EstimatesSeptember 8, 2023 | finance.yahoo.comRent the Runway, Inc. (RENT) Q2 Earnings: Taking a Look at Key Metrics Versus EstimatesSeptember 7, 2023 | finance.yahoo.comFed's Mary Daly, earnings, Goldman Sachs conference: What to watchSeptember 7, 2023 | markets.businessinsider.comRent the Runway A earnings: here's what to expectSeptember 6, 2023 | news.yahoo.comArm's IPO targets $51B valuation, won't resurrect private-market liquiditySeptember 6, 2023 | theglobeandmail.comRent the Runway Alert: Options Traders Are Placing Big Bets on RENT StockAugust 23, 2023 | benzinga.comRent The Runway CEO Tells How Early Life Lessons Help Build $95M CompanyAugust 21, 2023 | msn.comDon’t Waste Your Money: Things you can rent instead of buyingAugust 18, 2023 | finance.yahoo.comRent the Runway to Report Second Quarter 2023 Results on September 8, 2023August 16, 2023 | msn.comCEO built her $96 million company with a lesson she learned as a 22-year-old intern—it's 'the most powerful thing you can do'August 1, 2023 | yahoo.comBirkenstock Preps for September IPO With Potentially Big Price TagJuly 25, 2023 | msn.comWhere to Rent Jewelry for a Fraction of the Retail PriceJuly 21, 2023 | yahoo.comMolly Sims, Laney Crowell Cohost Hamptons DinnerJuly 13, 2023 | yahoo.comMaria Pinto Opens New Store in ChicagoJune 22, 2023 | marketwatch.comFull Dress Renta Market Business Growth and Industry Development by 2030 |Rent the Runway, Nuuly, TulerieJune 15, 2023 | morningstar.comRent the Runway Inc Class AJune 14, 2023 | markets.businessinsider.comRent The Runway's Strong Unit Economics And Proprietary Data Advantage To Expand Margins: AnalystSee More Headlines 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 Company Calendar Last Earnings9/08/2023Today10/04/2023Next Earnings (Estimated)12/06/2023Fiscal 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$3.43 High Stock Price Forecast$6.00 Low Stock Price Forecast$1.00 Forecasted Upside/Downside+380.5%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)($1.82) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-138,700,000.00 Net Margins-39.38% Pretax Margin-39.48% Return on EquityN/A Return on Assets-33.52% Debt Debt-to-Equity RatioN/A Current Ratio2.58 Quick Ratio2.58 Sales & Book Value Annual Sales$296.40 million Price / Sales0.17 Cash FlowN/A Price / Cash FlowN/A Book Value($0.54) per share Price / Book-1.32Miscellaneous Outstanding Shares68,950,000Free Float60,615,000Market Cap$49.20 million OptionableNot Optionable Beta0.98 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMs. Jennifer Y. Hyman (Age 43)Co-Founder, Chairman & CEO Comp: $1.49MMs. Anushka Salinas (Age 41)Pres & COO Comp: $921.26kMs. Jennifer Fleiss (Age 39)Co-Founder & Director Comp: $22kMr. Larry Steinberg (Age 55)Chief Technology Officer Comp: $671.29kMr. Daniel Lee Rosensweig (Age 61)Advisor Comp: $27.25kMr. Siddharth B. Thacker (Age 46)Chief Financial Officer Ms. Cara Schembri (Age 47)Gen. Counsel & Sec. Mr. Brian Donato (Age 51)Chief Revenue Officer Ms. Sarah K. Tam (Age 49)Chief Merchant Officer Mr. Drew Rau (Age 44)Sr. VP of Supply Chain & Inventory More ExecutivesKey CompetitorsKirkland'sNASDAQ:KIRKBoqiiNYSE:BQHour LoopNASDAQ:HOURFarmer Bros.NASDAQ:FARMArk RestaurantsNASDAQ:ARKRView All CompetitorsInsiders & InstitutionsJennifer HymanSold 57,006 sharesTotal: $46,744.92 ($0.82/share)Anushka SalinasSold 38,815 sharesTotal: $31,828.30 ($0.82/share)Larry SteinbergSold 99,873 sharesTotal: $81,895.86 ($0.82/share)Brian DonatoSold 20,159 sharesTotal: $16,530.38 ($0.82/share)Siddharth ThackerSold 15,032 sharesTotal: $12,326.24 ($0.82/share)View All Insider TransactionsView All Institutional Transactions RENT Stock - Frequently Asked Questions Should I buy or sell Rent the Runway stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rent the Runway in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RENT shares. View RENT analyst ratings or view top-rated stocks. What is Rent the Runway's stock price forecast for 2023? 8 analysts have issued 1 year price targets for Rent the Runway's shares. Their RENT share price forecasts range from $1.00 to $6.00. On average, they anticipate the company's stock price to reach $3.43 in the next year. This suggests a possible upside of 380.5% 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 on January 1st, 2023. Since then, RENT shares have decreased by 76.6% and is now trading at $0.7136. 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, December 6th 2023. View our RENT earnings forecast. How were Rent the Runway's earnings last quarter? Rent the Runway, Inc. (NASDAQ:RENT) announced its earnings results on Friday, September, 8th. The company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.03. The business earned $75.70 million during the quarter, compared to analyst estimates of $78.54 million. During the same quarter last year, the business earned ($0.53) EPS. What guidance has Rent the Runway issued on next quarter's earnings? Rent the Runway issued an update on its third quarter 2023 earnings guidance on Friday, September, 8th. The company provided earnings per share (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 $84.74 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 IPO 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." 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 $0.71. How much money does Rent the Runway make? Rent the Runway (NASDAQ:RENT) has a market capitalization of $49.20 million and generates $296.40 million in revenue each year. The company earns $-138,700,000.00 in net income (profit) each year or ($1.82) 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. 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