RetailMeNot CFO Douglas C. Jeffries Unloads 5,500 Shares (SALE)
RetailMeNot (NASDAQ:SALE) CFO Douglas C. Jeffries sold 5,500 shares of the stock on the open market in a transaction dated Thursday, May 15th. The stock was sold at an average price of $29.37, for a total transaction of $161,535.00. Following the transaction, the chief financial officer now directly owns 35,401 shares of the company’s stock, valued at approximately $1,039,727. The sale was disclosed in a filing with the SEC, which is available at this link.
RetailMeNot (NASDAQ:SALE) traded up 0.17% on Monday, hitting $29.93. The stock had a trading volume of 790,467 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 $31.39 and a 200-day moving average of $33.37. The company has a market cap of $1.608 billion and a price-to-earnings ratio of 97.01. RetailMeNot also was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 1,820,847 shares, an increase of 52.5% from the April 15th total of 1,193,739 shares. Approximately 6.7% of the company’s stock are short sold. Based on an average daily volume of 700,849 shares, the days-to-cover ratio is presently 2.6 days.
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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. RetailMeNot currently has a consensus rating of “Buy” and a consensus target price of $43.09.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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