Rentrak Corp. Reaches New 12-Month High at $33.00 (RENT)
Rentrak Corp. (NASDAQ:RENT)’s share price reached a new 52-week high during trading hours on Monday, Analyst Ratings Network.com reports. The company traded as high as $33.00 and last traded at $32.88, with a volume of 38,270 shares traded. The stock had previously closed at $32.11.
RENT has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of Rentrak Corp. (NASDAQ:RENT) from a “sell” rating to a “hold” rating in a research note to investors on Monday. Separately, 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 Brean Capital raised their price target on shares of Rentrak Corp. (NASDAQ:RENT) from $28.00 to $29.00 in a research note to investors on Wednesday, August 21st. They now have a “buy” rating on the stock.
In other Rentrak Corp. news, Director David Boylan bought 3,100 shares of the stock on the open market in a transaction dated Monday, September 16th. The stock was purchased at an average price of $32.20 per share, for a total transaction of $99,820.00. Following the transaction, the director now directly owns 6,759 shares of the company’s stock, valued at approximately $217,640. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Rentrak Corp. has a one year low of $16.25 and a one year high of $32.98. The stock’s 50-day moving average is $25.60 and its 200-day moving average is $22.9. The company’s market cap is $391.6 million.
Rentrak Corp. (NASDAQ:RENT) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. On average, analysts predict that Rentrak Corp. will post $-0.20 earnings per share 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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