Rent the Runway, Inc. (RENT)
| Market Cap | 35.26M |
| Revenue (ttm) | 302.20M |
| Net Income (ttm) | -93.90M |
| Shares Out | 3.81M |
| EPS (ttm) | -26.12 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 59,201 |
| Open | 9.44 |
| Previous Close | 9.44 |
| Day's Range | 8.73 - 9.74 |
| 52-Week Range | 4.46 - 41.81 |
| Beta | 1.05 |
| Analysts | Buy |
| Price Target | 27.63 (+198.38%) |
| Earnings Date | Dec 9, 2024 |
About 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. Rent the Runway, Inc. was incorporated in 2009 and is headquartered in Brooklyn, New York. [Read more]
Financial Performance
In 2023, Rent the Runway's revenue was $298.20 million, an increase of 0.61% compared to the previous year's $296.40 million. Losses were -$113.20 million, -18.39% less than in 2022.
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for RENT stock is "Buy." The 12-month stock price forecast is $27.63, which is an increase of 198.38% from the latest price.
News
Rent the Runway to Report Third Quarter 2024 Results on December 9, 2024
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its third quarter 2024 financial results for the quarter...
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Analysts See 180% Upside for Rent the Runway: Should You Buy?
Rent the Runway RENT is a micro-cap stock whose price target was recently updated by Jefferies. This signals that the name could have nearly triple-bagger upside.
Rent the Runway, Inc. (RENT) Q2 2024 Earnings Call Transcript
Rent the Runway, Inc. (NASDAQ:RENT) Q2 2024 Earnings Conference Call September 5, 2024 4:30 PM ET Corporate Participants Cara Schembri - Chief Legal & Administrative Officer Jennifer Hyman - Co-Found...
Rent the Runway, Inc. Announces Second Quarter 2024 Results
Exceeded Revenue and Adjusted EBITDA Guidance for Q2 2024. Continued Improvement in Business Momentum in Q2 2024.
Rent the Runway to Report Second Quarter 2024 Results on September 5, 2024
NEW YORK, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its second quarter 2024 financial results for the quarte...
Rent the Runway to Participate in Upcoming Investor Conferences
NEW YORK, June 19, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the following investor event:
Rent the Runway, Inc. (RENT) Q1 2024 Earnings Call Transcript
Rent the Runway, Inc. (NASDAQ:RENT) Q1 2024 Earnings Conference Call June 6, 2024 4:30 PM ET Company Participants Cara Schembri - Chief Legal & Administrative Officer Jennifer Hyman - Co-Founder, Pre...
Rent the Runway, Inc. Announces First Quarter 2024 Results
Exceeded Revenue and Adjusted EBITDA Guidance for Q1 2024. Improved Business Momentum in Q1 2024.
Rent the Runway stock: I'd avoid RENT ahead of earnings
Rent the Runway (NASDAQ: RENT) stock price has staged a strong comeback this year, helped by the ongoing meme stock craze. It has jumped by more than 136% in 2024, beating the S&P 500 and Nasdaq 100 i...
Rent the Runway: There's Salvage Value Here
Rent the Runway's stock has tripled year to date in sympathy with other small-cap meme stocks, but the company has also made significant fundamental improvements. The company offers a subscription mem...
Rent the Runway to Report First Quarter 2024 Results on June 6, 2024
NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its first quarter 2024 financial results for the quarter ...
Rent the Runway is on track for its best week ever after putting up meme-stock-like gains, but the stock is still way down overall
Rent the Runway Inc., an online clothing-rental platform whose stock has plummeted over the past three years as it wrangles debt and weaker clothing demand, is up some 360% this week, putting shares o...
Why Rent the Runway's stock price is going wild this week
Apparel renting service Rent the Runway saw a significant surge in its share price after it reported an optimistic outlook for the upcoming year, bolstered by a narrower loss from the previous year.
Rent the Runway shares triple after upbeat revenue forecast on AI bet
Shares of Rent the Runway more than tripled on Thursday as the apparel rental firm bets big on artificial intelligence tools to power its growth in the current year following a bleak 2023.
Rent the Runway stock is soaring but significant risks remain
Rent the Runway (NASDAQ: RENT) stock price went parabolic on Thursday after the highly-embattled company published encouraging earnings and narrowed its loss. It surged by over 36% on Wednesday and by...
Rent the Runway, Inc. (RENT) Q4 2023 Earnings Call Transcript
Rent the Runway, Inc. (NASDAQ:RENT) Q4 2023 Earnings Conference Call April 10, 2024 4:30 PM ET Company Participants Cara Schembri - Chief Legal & Administrative Officer Jennifer Hyman - Co-Founder, P...
Rent the Runway Drives Loyalty Boost With AI Search Upgrades
As consumers demand more frictionless experiences from their eCommerce merchants, Rent the Runway is seeing its digital rethink drive higher retention.
Rent the Runway sees ‘milestone' 2024 and breakeven cash flow, as stock soars
After several years of financial struggles, weaker clothing demand and a big drop in its stock price, clothing-rental platform Rent the Runway Inc. on Wednesday said it expected breakeven free cash fl...
Rent the Runway Q4 earnings: ‘we are well positioned to drive growth'
Rent the Runway is up nearly 25% in extended hours on Wednesday after beating revenue estimates for its fiscal fourth quarter. Rent the Runway's guidance for the future Investors are cheering also bec...
Rent the Runway, Inc. Announces Fourth Quarter and Full Year 2023 Results
Exceeded Revenue and Adjusted EBITDA Guidance for Q4 2023 Expect Revenue Growth in FY 2024 through Focus on Marketing, Product Innovation and Strong Customer Retention. Committed to Achieving Free Cas...
From unicorns to near zero: RENT, Allbirds, Vroom, and BuzzFeed
Many companies that were once unicorns are struggling to survive as interest rates remain at an elevated level and as growth slows. Some former unicorns like WeWork, Hopin, Olive AI, and Convoy have a...
Rent the Runway Approved 1-for-20 Stock Split to Keep Nasdaq Listing
The reverse stock split comes about five months after it received a Nasdaq notification that the company had until April 17 to regain compliance with the index's listing rules.
Rent the Runway Announces 1-for-20 Reverse Stock Split
NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or the “RTR”) (NASDAQ: RENT) today announced that it will proceed with a 1-for-20 reverse stock split (“Reverse St...
Rent the Runway to Report Fourth Quarter and Fiscal Year 2023 Results on April 10, 2024
NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its fourth quarter and fiscal year 2023 financial resul...