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Analysts at Jefferies Group boosted their target price on shares of RetailMeNot (NASDAQ:SALE) from $40.00 to $47.00 in a research report issued to clients and investors on Friday, Analyst Ratings Net reports. Jefferies Group’s target price would indicate a potential upside of 21.94% from the stock’s previous close.

In other RetailMeNot news, major shareholder J.P. Morgan Investment Managem unloaded 732,018 shares of RetailMeNot stock on the open market in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $36.80, for a total transaction of $26,938,262.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of RetailMeNot (NASDAQ:SALE) traded up 3.42% on Friday, hitting $38.545. The stock had a trading volume of 2,587,417 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 $31.95 and a 200-day moving average of $31.83. The company’s market cap is $2.026 billion. RetailMeNot also saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,492,233 shares, a growth of 21.4% from the December 31st total of 1,958,805 shares. Based on an average daily trading volume, of 629,616 shares, the short-interest ratio is currently 4.0 days. Approximately 14.1% of the company’s shares are sold short.

RetailMeNot (NASDAQ:SALE) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.03. The company had revenue of $78.50 million for the quarter, compared to the consensus estimate of $68.71 million. The company’s quarterly revenue was up 54.5% on a year-over-year basis. Analysts expect that RetailMeNot will post $1.05 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about 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, January 27th. 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. RetailMeNot has a consensus rating of “Buy” and a consensus target price of $41.23.

RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.

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