B. Riley Raises Runway Growth Finance (NASDAQ:RWAY) Price Target to $12.00

Runway Growth Finance (NASDAQ:RWAY) had its price target raised by analysts at B. Riley from $11.00 to $12.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 8.11% from the company’s current price. B. Riley also issued estimates for Runway Growth Finance’s FY2026 earnings at $1.54 EPS.

RWAY has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their target price on Runway Growth Finance from $10.50 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. UBS Group reissued a “buy” rating and set a $12.50 target price (up from $11.50) on shares of Runway Growth Finance in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $9.50 target price (down from $10.00) on shares of Runway Growth Finance in a report on Wednesday, May 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Runway Growth Finance presently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Runway Growth Finance Stock Up 1.3%

Shares of NASDAQ RWAY opened at $11.10 on Monday. Runway Growth Finance has a 52-week low of $8.35 and a 52-week high of $11.73. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.59 and a current ratio of 0.59. The stock has a market cap of $402.04 million, a P/E ratio of 5.84 and a beta of 0.70. The firm has a 50 day moving average price of $10.65 and a 200 day moving average price of $10.42.

Runway Growth Finance (NASDAQ:RWAY) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Runway Growth Finance had a net margin of 51.03% and a return on equity of 11.86%. The firm had revenue of $35.15 million during the quarter, compared to analyst estimates of $34.27 million. Analysts expect that Runway Growth Finance will post 1.67 EPS for the current year.

Hedge Funds Weigh In On Runway Growth Finance

Large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Runway Growth Finance in the first quarter worth $4,551,000. Bank of America Corp DE acquired a new stake in Runway Growth Finance in the 4th quarter valued at $679,000. Two Sigma Investments LP lifted its position in Runway Growth Finance by 10.8% during the 4th quarter. Two Sigma Investments LP now owns 268,306 shares of the company’s stock worth $2,941,000 after buying an additional 26,072 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in Runway Growth Finance during the 4th quarter worth about $729,000. Finally, Jane Street Group LLC acquired a new position in shares of Runway Growth Finance during the 4th quarter worth about $1,205,000. Institutional investors and hedge funds own 64.61% of the company’s stock.

About Runway Growth Finance

Runway Growth Finance Corp. is a business development company specializing investments in senior-secured loans to late stage and growth companies. It prefers to make investments in companies engaged in the technology, life sciences, healthcare and information services, business services and select consumer services and products sectors.