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

11 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 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RENT shares.
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11 brokerages have issued twelve-month price targets for Rent the Runway's stock. Their RENT share price forecasts range from $3.50 to $12.00. On average, they predict the company's share price to reach $5.61 in the next twelve months. This suggests a possible upside of 157.4% from the stock's current price.
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Rent the Runway's stock was trading at $3.05 on January 1st, 2023. Since then, RENT shares have decreased by 28.5% and is now trading at $2.18.
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The company is scheduled to release its next quarterly earnings announcement on Monday, September 11th 2023.
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Rent the Runway, Inc. (NASDAQ:RENT) released its quarterly earnings data on Wednesday, April, 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.51) by $0.13. The business had revenue of $75.40 million for the quarter, compared to analysts' expectations of $73.34 million. Rent the Runway had a negative trailing twelve-month return on equity of 649.61% and a negative net margin of 41.61%.

Rent the Runway issued an update on its second quarter 2023 earnings guidance on Wednesday, June, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $77.00 million-$79.00 million, compared to the consensus revenue estimate of $81.01 million.

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).

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

Rent the Runway trades on the NASDAQ under the ticker symbol "RENT."

Rent the Runway's stock is owned by a number 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.
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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.
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One share of RENT stock can currently be purchased for approximately $2.18.

Rent the Runway (NASDAQ:RENT) has a market capitalization of $144.90 million and generates $296.40 million in revenue each year. The company earns $-138,700,000.00 in net income (profit) each year or ($1.95) on an earnings per share basis.

The company employs 1,015 workers across the globe.

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.