NASDAQ:RENT

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

$11.91
+0.55 (+4.84%)
(As of 04/23/2024 ET)
Today's Range
$11.31
$12.60
50-Day Range
$4.78
$19.38
52-Week Range
$4.46
$64.10
Volume
234,798 shs
Average Volume
1.08 million shs
Market Capitalization
$43.73 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$31.88

Rent the Runway MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
167.6% Upside
$31.88 Price Target
Short Interest
Healthy
23.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.39mentions of Rent the Runway in the last 14 days
Based on 5 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.

2.07 out of 5 stars

Retail/Wholesale Sector

144th out of 197 stocks

Retail Stores, Not Elsewhere Classified Industry

8th out of 13 stocks

RENT stock logo

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

RENT Stock News Headlines

Exposed: 10 CENT Crypto to Explode April 20th?
The man who bought Bitcoin and Ethereum in 2017… and has spotted 44 different coins that have returned over 100%... Is now exposing a 10-cent coin that just partnered with Amazon…
Rent the Runway CEO Confident in Company's Growth
Exposed: 10 CENT Crypto to Explode April 20th?
The man who bought Bitcoin and Ethereum in 2017… and has spotted 44 different coins that have returned over 100%... Is now exposing a 10-cent coin that just partnered with Amazon…
Rent the Runway Shares Surge on 1Q Guidance
Rent the Runway Stock Is Up More Than 100% Today
Rent the Runway stock surges 170% on cheery 2024 outlook
Rent the Runway (RENT) Receives a Buy from JMP Securities
Rent the Runway stock jumps on optimistic 2024 outlook
Why Is Rent the Runway (RENT) Stock Up 30% Today?
See More Headlines
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Company Calendar

Last Earnings
12/05/2023
Today
4/24/2024
Next Earnings (Estimated)
6/05/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Retail stores, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:RENT
CUSIP
76017410
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

Net Income
$-113,200,000.00
Pretax Margin
-37.89%

Debt

Sales & Book Value

Annual Sales
$298.20 million
Book Value
($34.49) per share

Miscellaneous

Free Float
3,340,000
Market Cap
$43.73 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

RENT Stock Analysis - Frequently Asked Questions

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

8 Wall Street equities 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 equities 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 analysts have issued twelve-month price targets for Rent the Runway's shares. Their RENT share price targets range from $12.00 to $100.00. On average, they expect the company's share price to reach $31.88 in the next year. This suggests a possible upside of 167.6% 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 start of the year. Since then, RENT stock has increased by 12.9% and is now trading at $11.91.
View the best growth stocks for 2024 here
.

Are investors shorting Rent the Runway?

Rent the Runway saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 352,500 shares, a decrease of 94.8% from the March 15th total of 6,810,000 shares. Based on an average daily volume of 45,900 shares, the days-to-cover ratio is currently 7.7 days. Approximately 23.5% of the shares of the stock are short sold.
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 results on Tuesday, December, 5th. The company reported ($9.00) earnings per share 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 posted ($9.40) earnings per share.

When did Rent the Runway's stock split?

Rent the Runway's stock 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 market closes 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 issued an update on its first quarter 2024 earnings guidance on Wednesday, April, 10th. The company provided EPS 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 IPO on Wednesday, October 27th 2021. The company issued 17,000,000 shares at $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 4/24/2024 by MarketBeat.com Staff

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