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Equities research analysts at Brean Capital upped their price objective on shares of Rentrak Corp. (NASDAQ:RENT) from $50.00 to $58.00 in a research note issued to investors on Thursday, Analyst Ratings reports. The firm currently has a “buy” rating on the stock. Brean Capital’s target price indicates a potential upside of 52.71% from the stock’s previous close. The analysts noted that the move was a valuation call.

Rentrak Corp. (NASDAQ:RENT) traded up 22.83% on Thursday, hitting $46.65. 206,266 shares of the company’s stock traded hands. 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 $558.6 million.

Rentrak Corp. (NASDAQ:RENT) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.01) earnings per share. Rentrak Corp.’s revenue was up 31.1% compared to the same quarter last year. On average, analysts predict that Rentrak Corp. will post $-0.13 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on RENT. 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. 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $48.33.

Rentrak Corporation is a global digital media measurement, research and distribution company, serving the entertainment, television and advertising industries.

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