Zacks Downgrades RetailMeNot to Neutral (SALE)
RetailMeNot (NASDAQ:SALE) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, ARN reports. They currently have a $32.60 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 5.13% from the stock’s previous close.
RetailMeNot (NASDAQ:SALE) traded up 2.13% during mid-day trading on Tuesday, hitting $31.67. The stock had a trading volume of 393,796 shares. RetailMeNot has a 52-week low of $25.51 and a 52-week high of $39.50. The stock’s 50-day moving average is $28.66 and its 200-day moving average is $31.51. The company’s market cap is $1.665 billion.
RetailMeNot (NASDAQ:SALE) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.21. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.93 million. During the same quarter last year, the company posted $0.01 earnings per share. RetailMeNot’s revenue was up 38.5% compared to the same quarter last year. On average, analysts predict that RetailMeNot will post $0.90 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on SALE. Analysts at RBC Capital upgraded shares of RetailMeNot from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday. They now have a $33.00 price target on the stock. Separately, analysts at Wunderlich initiated coverage on shares of RetailMeNot in a research note to investors on Friday, December 20th. They set a “buy” rating and a $38.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of RetailMeNot from $34.00 to $38.00 in a research note to investors on Wednesday, November 6th. They now have a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. RetailMeNot presently has a consensus rating of “Buy” and an average price target of $36.09.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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