Rent the Runway, Inc. (NASDAQ:RENT – Get Free Report) CMO Natalie Mcgrath sold 950 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $11.96, for a total value of $11,362.00. Following the completion of the transaction, the chief marketing officer now owns 19,050 shares of the company’s stock, valued at $227,838. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Rent the Runway Price Performance
RENT stock traded down $0.85 during trading on Wednesday, hitting $10.15. 26,426 shares of the company traded hands, compared to its average volume of 641,072. The stock’s 50-day simple moving average is $18.54 and its 200 day simple moving average is $14.52. The company has a market cap of $37.25 million, a PE ratio of -0.34 and a beta of 1.10. Rent the Runway, Inc. has a 1 year low of $4.46 and a 1 year high of $41.81.
Rent the Runway (NASDAQ:RENT – Get Free Report) last announced its quarterly earnings results on Thursday, June 6th. The company reported ($6.03) earnings per share for the quarter, beating the consensus estimate of ($6.56) by $0.53. The company had revenue of $75.00 million for the quarter, compared to analysts’ expectations of $73.20 million. Research analysts expect that Rent the Runway, Inc. will post -22.21 earnings per share for the current year.
Institutional Trading of Rent the Runway
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on RENT shares. JMP Securities raised their price objective on Rent the Runway from $20.00 to $40.00 and gave the stock a “market outperform” rating in a research note on Friday, June 7th. The Goldman Sachs Group reduced their price objective on Rent the Runway from $40.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Rent the Runway presently has an average rating of “Hold” and a consensus price target of $25.00.
Get Our Latest Stock Report on Rent the Runway
About Rent the Runway
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.
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