Rentrak Corporation (RENT)

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Brean Capital Reaffirms Buy Rating for Rentrak (RENT)

March 12th, 2015 - 0 comments - Filed Under - by Mindy Fischer

Rentrak logoRentrak (NASDAQ:RENT)‘s stock had its “buy” rating reissued by Brean Capital in a research note issued on Thursday. They currently have a $86.00 target price on the stock. Brean Capital’s target price indicates a potential upside of 53.54% from the stock’s previous close.

Shares of Rentrak (NASDAQ:RENT) traded up 0.43% on Thursday, hitting $56.25. The stock had a trading volume of 76,905 shares. Rentrak has a 1-year low of $43.62 and a 1-year high of $87.40. The stock’s 50-day moving average is $63. and its 200-day moving average is $67.. The company’s market cap is $855.23 million.

Rentrak (NASDAQ:RENT) last released its earnings data on Thursday, February 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.19. The company had revenue of $26.90 million for the quarter, compared to the consensus estimate of $28.37 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. Analysts expect that Rentrak will post $-0.67 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray downgraded shares of Rentrak from an “overweight” rating to a “neutral” rating and set a $69.00 price target on the stock in a research note on Friday, February 6th. They noted that the move was a valuation call. Separately, analysts at Wunderlich downgraded shares of Rentrak from a “buy” rating to a “hold” rating and lowered their price target for the stock from $93.00 to $60.00 in a research note on Friday, February 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Rentrak has an average rating of “Buy” and a consensus price target of $72.72.

Rentrak Corporation is a global media measurement and information company serving the entertainment, television, video and advertising industries. Its Software as a Service (NASDAQ:RENT) technology merges television viewership information from over 100 million televisions (TVs) and devices with consumer behavior and purchases information (Advanced Demographics) across multiple platforms, devices and distribution channels.
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