RetailMeNot SVP Steven T. Pho Unloads 1,300 Shares (SALE)
RetailMeNot (NASDAQ:SALE) SVP Steven T. Pho unloaded 1,300 shares of RetailMeNot stock on the open market in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $29.60, for a total value of $38,480.00. Following the transaction, the senior vice president now directly owns 15,000 shares in the company, valued at approximately $444,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Wunderlich raised their price target on shares of RetailMeNot from $44.00 to $48.00 in a research note on Tuesday, May 6th. They now have a “buy” rating on the stock. Separately, 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. RetailMeNot currently has an average rating of “Buy” and an average target price of $43.09.
Shares of RetailMeNot (NASDAQ:SALE) traded down 1.00% during mid-day trading on Wednesday, hitting $29.71. The stock had a trading volume of 653,397 shares. RetailMeNot has a 52-week low of $25.51 and a 52-week high of $48.73. The stock’s 50-day moving average is $31.79 and its 200-day moving average is $33.45. The company has a market cap of $1.596 billion and a price-to-earnings ratio of 97.44. RetailMeNot also saw a significant growth in short interest in April. As of April 30th, there was short interest totalling 1,820,847 shares, a growth of 52.5% from the April 15th total of 1,193,739 shares. Based on an average trading volume of 700,849 shares, the days-to-cover ratio is currently 2.6 days. Currently, 6.7% of the company’s stock are sold short.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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