RetailMeNot major shareholder Sells $13,910,274 in Stock (SALE)
RetailMeNot (NASDAQ:SALE) major shareholder J.P. Morgan Investment Managem sold 416,600 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $33.39, for a total transaction of $13,910,274.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of RetailMeNot from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $40.00 price target on the stock, up previously from $32.00. Separately, analysts at Zacks downgraded shares of RetailMeNot from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $32.60 price target on the stock. Finally, 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, January 3rd. They now have a $33.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.37.
Shares of RetailMeNot (NASDAQ:SALE) traded up 3.37% during mid-day trading on Monday, hitting $34.01. The stock had a trading volume of 914,198 shares. RetailMeNot has a one year low of $25.51 and a one year high of $39.50. The stock has a 50-day moving average of $29.80 and a 200-day moving average of $31.60. The company’s market cap is $1.788 billion.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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