Rentrak Corp. Director David Boylan Acquires 3,100 Shares (RENT)
Rentrak Corp. (NASDAQ:RENT) Director David Boylan bought 3,100 shares of the company’s stock on the open market in a transaction dated Monday, September 16th. The stock was purchased at an average cost of $32.20 per share, for a total transaction of $99,820.00. Following the purchase, the director now directly owns 6,759 shares of the company’s stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Brean Capital raised their price target on shares of Rentrak Corp. (NASDAQ:RENT) from $29.00 to $40.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Finally, analysts at Albert Fried & Company raised their price target on shares of Rentrak Corp. (NASDAQ:RENT) from $23.00 to $30.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock.
Shares of Rentrak Corp. (NASDAQ:RENT) traded up 0.50% during mid-day trading on Monday, hitting $32.07. 162,988 shares of the company’s stock traded hands. Rentrak Corp. has a one year low of $16.25 and a one year high of $31.98. The stock has a 50-day moving average of $24.08 and a 200-day moving average of $22.55. The company’s market cap is $382.0 million.
Rentrak Corp. (NASDAQ:RENT) last announced its earnings results on Wednesday, August 7th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.09. The company had revenue of $28.80 million for the quarter, compared to the consensus estimate of $27.26 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. Analysts expect that Rentrak Corp. will post $-0.21 EPS for the current fiscal year.
Rentrak Corporation is a global digital media measurement, research and distribution company, serving the entertainment, television and advertising industries.
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