XTX Topco Ltd Buys New Stake in Rent the Runway, Inc. (NASDAQ:RENT)

XTX Topco Ltd bought a new stake in Rent the Runway, Inc. (NASDAQ:RENT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,685 shares of the company’s stock, valued at approximately $52,000. XTX Topco Ltd owned about 0.29% of Rent the Runway as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GKV Capital Management Co. Inc. purchased a new position in Rent the Runway in the 4th quarter valued at approximately $33,000. Cambridge Investment Research Advisors Inc. purchased a new position in Rent the Runway in the 1st quarter valued at approximately $46,000. Connective Capital Management LLC purchased a new position in Rent the Runway in the 4th quarter valued at approximately $183,000. Bank of America Corp DE boosted its position in Rent the Runway by 40.0% in the 4th quarter. Bank of America Corp DE now owns 23,755 shares of the company’s stock valued at $202,000 after buying an additional 6,785 shares during the period. Finally, CastleKnight Management LP boosted its position in Rent the Runway by 51.7% in the 4th quarter. CastleKnight Management LP now owns 230,562 shares of the company’s stock valued at $1,960,000 after buying an additional 78,535 shares during the period. Institutional investors and hedge funds own 73.10% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Rent the Runway from a “hold” rating to a “sell” rating in a research report on Saturday, June 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $33.00.

Rent the Runway Stock Performance

Rent the Runway stock opened at $4.74 on Friday. The stock has a market cap of $18.87 million, a P/E ratio of -0.25 and a beta of 1.38. The company has a fifty day simple moving average of $5.04 and a 200-day simple moving average of $5.32. Rent the Runway, Inc. has a 12-month low of $3.69 and a 12-month high of $17.00.

Rent the Runway (NASDAQ:RENT) last released its quarterly earnings data on Thursday, June 5th. The company reported ($6.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($7.43) by $0.85. The firm had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $68.70 million. As a group, sell-side analysts forecast that Rent the Runway, Inc. will post -18.61 earnings per share for the current fiscal year.

Rent the Runway Profile

Rent the Runway, Inc operates shared designer closet in the United States. The company offers evening wear and accessories, ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, and ski wear under subscription, rental, and resale offering.