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Enter Symbol:
 
Rentrak Corporation (RENT) [hlAlert]

Rating:
Buy RENT
down 4.90 %

Rentrak Corporation (RENT) rated Buy with price target $60 by Needham

Posted on: Wednesday,  Sep 30, 2015  8:25 AM ET by Needham

Needham rated Buy Rentrak Corporation (NASDAQ: RENT) on 09/30/2015. Previously Needham rated Buy Rentrak Corporation (NASDAQ: RENT) on 09/08/2014., when
the stock price was $49.90. Since then, Rentrak Corporation has lost 4.91% as of 09/30/2015's recent price of $47.45.
If you would have followed the previous Needham's recommendation on RENT, you would have lost 4.9% of your investment in 387 days.

Rentrak Corporation operates in two business segment: Pay-Per-Transaction (PPT) Division and Advanced Media and Information (AMI) Division, as well as the non-operating Other Division. Its PPT Division focuses on managing its business operations that facilitate the delivery of home entertainment content products (DVDs, Blu-ray Discs, etc.) and related rental and sales information for the content to home video specialty stores and other retailers, on a revenue sharing basis. The Company lease product from various suppliers, motion picture studios. Under its PPT System, PPT retailers sublease that product and rent it to consumers. Its AMI Division concentrates on the management and growth of its Essentials Suite of business information services. Its Essentials Suite software and services, offered primarily on a recurring subscription basis, provide data collection, management, analysis and reporting functions, resulting in business information valuable to its clients.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/30/2015 8:25 AM Buy
None
48.73 60.00
as of 8/27/2015
1 Week down  -22.69 %
1 Month down  -33.72 %
3 Months down  -25.05 %
1 YTD down  -4.90 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/8/2015 8:25 AM Buy
None
47.40
9/8/2014 8:25 AM Buy
None
49.90 64.00

(*) Stock Price at the time of the recommendation.
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