Rent the RunwayRENT
Market Cap: $40.6M
About: Rent the Runway Inc is an e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories. It gives customers access to its unlimited closet through its subscription offering (Subscription) or the ability to rent a-la-carte through its reserve offering (Reserve). The company also gives its subscribers and customers the ability to buy its products through its Resale offering. Its Closet in the Cloud offers a wide assortment of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear and ski wear.
Employees: 1,104
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
40% more capital invested
Capital invested by funds: $15.1M [Q1] → $21.1M (+$5.98M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
8.28% less ownership
Funds ownership: 41.93% [Q1] → 33.65% (-8.28%) [Q2]
16% less funds holding
Funds holding: 61 [Q1] → 51 (-10) [Q2]
31% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 32
96% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 28
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Jefferies Ashley Helgans 60% 1-year accuracy 3 / 5 met price target | 139%upside $26 | Buy Maintained | 6 Sept 2024 |
Financial journalist opinion
Based on 4 articles about RENT published over the past 30 days