Rentrak Corp. Sets New 1-Year High at $36.20 (RENT)
Rentrak Corp. (NASDAQ:RENT)’s share price reached a new 52-week high during mid-day trading on Monday, American Banking News reports. The stock traded as high as $36.20 and last traded at $36.16, with a volume of 25,510 shares traded. The stock had previously closed at $35.15.
RENT has been the subject of a number of recent research reports. Analysts at Piper Jaffray Cos. raised their price target on shares of Rentrak Corp. from $30.00 to $37.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Rentrak Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Brean Capital raised their price target on shares of Rentrak Corp. 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.
Rentrak Corp. has a 52-week low of $16.25 and a 52-week high of $36.43. The stock’s 50-day moving average is $30. and its 200-day moving average is $24.42. The company’s market cap is $432.8 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. Analysts expect that Rentrak Corp. will post $-0.20 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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