RetailMeNot (SALE) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
RetailMeNot (NASDAQ:SALE) posted its quarterly earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.03, ARN reports. The company had revenue of $78.50 million for the quarter, compared to the consensus estimate of $68.71 million. The company’s revenue for the quarter was up 54.5% on a year-over-year basis.
In other RetailMeNot news, major shareholder J.P. Morgan Investment Managem sold 559,718 shares of RetailMeNot stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $34.42, for a total value of $19,265,493.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
RetailMeNot (NASDAQ:SALE) opened at 34.08 on Thursday. 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 $31.68 and its 200-day moving average is $31.79. The company’s market cap is $1.791 billion.
A number of analysts have recently weighed in on SALE shares. 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, January 27th. They now have a $40.00 price target on the stock, up previously from $32.00. On the ratings front, 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. RetailMeNot currently has a consensus rating of “Buy” and a consensus price target of $37.37.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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