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Shares of Rentrak Corp. (NASDAQ:RENT) hit a new 52-week high during trading hours on Thursday, American Banking reports. The company traded as high as $53.25 and last traded at $48.51, with a volume of 837,842 shares trading hands. The stock had previously closed at $37.98.

Several analysts have recently commented on the stock. Analysts at Brean Capital raised their price target on shares of Rentrak Corp. from $50.00 to $58.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Separately, analysts at Thomson Reuters/Verus upgraded shares of Rentrak Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, December 9th. Finally, analysts at Albert Fried & Company reiterated a “market perform” rating on shares of Rentrak Corp. in a research note to investors on Friday, November 15th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Rentrak Corp. has a consensus rating of “Buy” and a consensus price target of $48.33.

Rentrak Corp. has a 52-week low of $19.30 and a 52-week high of $40.79. The stock’s 50-day moving average is $37.1 and its 200-day moving average is $31.15. The company’s market cap is $575.6 million.

Rentrak Corp. (NASDAQ:RENT) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.25. The company had revenue of $29.50 million for the quarter, compared to the consensus estimate of $27.85 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. The company’s quarterly revenue was up 31.1% on a year-over-year basis. On average, analysts predict that Rentrak Corp. will post $-0.13 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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