Insider Selling: Douglas C. Jeffries Sells 5,500 Shares of RetailMeNot Stock (SALE)
RetailMeNot (NASDAQ:SALE) CFO Douglas C. Jeffries unloaded 5,500 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $25.13, for a total transaction of $138,215.00. Following the transaction, the chief financial officer now directly owns 35,401 shares of the company’s stock, valued at approximately $889,627. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
RetailMeNot (NASDAQ:SALE) traded down 1.26% on Tuesday, hitting $25.07. The stock had a trading volume of 2,214,655 shares. RetailMeNot has a 52-week low of $22.45 and a 52-week high of $48.73. The stock’s 50-day moving average is $29.37 and its 200-day moving average is $32.97. The company has a market cap of $1.347 billion and a P/E ratio of 82.44. RetailMeNot also was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 3,663,368 shares, an increase of 101.2% from the April 30th total of 1,820,847 shares. Based on an average daily trading volume, of 1,606,776 shares, the short-interest ratio is currently 2.3 days. Currently, 12.0% of the shares of the stock are sold short.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus downgraded shares of RetailMeNot from a “buy” rating to a “hold” rating in a research note on Friday, May 23rd. They now have a $42.00 price target on the stock, up previously from $27.00. Separately, 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. Finally, 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $43.37.
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.