RetailMeNot Lowered to Hold at Stifel Nicolaus (SALE)
RetailMeNot (NASDAQ:SALE) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
In other RetailMeNot news, SVP Jagjit S. Bath sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $29.75, for a total transaction of $74,375.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other firms have also recently commented on SALE. 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.60.
RetailMeNot (NASDAQ:SALE) opened at 25.23 on Friday. RetailMeNot has a 52-week low of $24.54 and a 52-week high of $48.73. The stock’s 50-day moving average is $30.85 and its 200-day moving average is $33.25. The company has a market cap of $1.355 billion and a price-to-earnings ratio of 100.78.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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