Rentrak Corporation (RENT)

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Short Interest in Rentrak Increases By 29.4% (RENT)

March 18th, 2015 • 0 comments • Filed Under • by ABMN Staff

Shares of Rentrak (NASDAQ:RENT) saw a large growth in short interest in February. As of February 27th, there was short interest totalling 1,665,763 shares, a growth of 29.4% from the February 13th total of 1,286,856 shares, Stock Ratings Network reports. Approximately 17.6% of the company’s shares are short sold. Based on an average daily volume of 319,014 shares, the short-interest ratio is currently 5.2 days.

Several analysts have recently commented on the stock. Analysts at Brean Capital reiterated a “buy” rating and set a $86.00 price target on shares of Rentrak in a research note on Thursday, March 12th. 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. Finally, 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Rentrak presently has an average rating of “Buy” and a consensus target price of $72.72.

Rentrak (NASDAQ:RENT) opened at 56.77 on Wednesday. Rentrak has a one year low of $43.62 and a one year high of $87.40. The stock’s 50-day moving average is $60. and its 200-day moving average is $67.. The company’s market cap is $863.13 million.

Rentrak (NASDAQ:RENT) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 37.9% on a year-over-year basis. On average, analysts predict that Rentrak will post $-0.68 earnings per share for the current fiscal year.

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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