Rentrak Corporation (RENT)

[chmcnfunds]

Rentrak Given Average Recommendation of “Buy” by Brokerages (NASDAQ:RENT)

Posted by Hasmir Abdula on Mar 20th, 2015 // No Comments

Rentrak logoRentrak (NASDAQ:RENT) has earned an average recommendation of “Buy” from the seven brokerages that are presently covering the stock, American Banking & Market News reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $72.72.
Rentrak (NASDAQ:RENT) opened at 57.49 on Friday. Rentrak has a one year low of $43.62 and a one year high of $87.40. The stock has a 50-day moving average of $59. and a 200-day moving average of $67.. The company’s market cap is $874.08 million.
Rentrak (NASDAQ:RENT) last posted its quarterly earnings results 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. Analysts expect that Rentrak will post $-0.68 EPS for the current fiscal year.
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.
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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