Insider Selling: Kelli Beougher Sells 1,458 Shares of RetailMeNot Stock (SALE)
RetailMeNot (NASDAQ:SALE) COO Kelli Beougher unloaded 1,458 shares of RetailMeNot stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $30.98, for a total value of $45,168.84. Following the sale, the chief operating officer now directly owns 35,000 shares in the company, valued at approximately $1,084,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
RetailMeNot (NASDAQ:SALE) traded up 0.65% on Thursday, hitting $31.06. The stock had a trading volume of 447,896 shares. RetailMeNot has a 52 week low of $25.51 and a 52 week high of $48.73. The stock has a 50-day moving average of $36.49 and a 200-day moving average of $33.94. The company has a market cap of $1.638 billion and a P/E ratio of 134.17. RetailMeNot also was the recipient of a large decrease in short interest during the month of January. As of March 31st, there was short interest totalling 1,867,145 shares, a decrease of 25.9% from the March 14th total of 2,519,436 shares. Approximately 7.1% of the shares of the stock are sold short. Based on an average daily volume of 1,062,549 shares, the days-to-cover ratio is currently 1.8 days.
RetailMeNot (NASDAQ:SALE) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the 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 revenue for the quarter was up 54.5% on a year-over-year basis. On average, analysts predict that RetailMeNot will post $1.08 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on SALE shares. Analysts at Zacks upgraded shares of RetailMeNot from an “underperform” rating to a “neutral” rating in a research note on Tuesday, March 11th. They now have a $41.60 price target on the stock. Separately, analysts at EVA Dimensions upgraded shares of RetailMeNot from a “hold” rating to an “overweight” rating in a research note on Thursday, March 6th. Finally, analysts at Wunderlich reiterated a “buy” rating on shares of RetailMeNot in a research note on Monday, March 3rd. They now have a $44.00 price target on the stock. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. RetailMeNot has an average rating of “Buy” and an average price target of $42.51.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.