RetailMeNot COO Sells $37,296 in Stock (SALE)
RetailMeNot (NASDAQ:SALE) COO Kelli Beougher sold 1,458 shares of the stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $25.58, for a total transaction of $37,295.64. Following the sale, the chief operating officer now directly owns 35,000 shares of the company’s stock, valued at approximately $895,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
RetailMeNot (NASDAQ:SALE) traded up 2.81% during mid-day trading on Thursday, hitting $27.41. 734,630 shares of the company’s stock traded hands. RetailMeNot has a 52-week low of $22.45 and a 52-week high of $48.73. The stock has a 50-day moving average of $28.23 and a 200-day moving average of $32.6. The company has a market cap of $1.472 billion and a P/E ratio of 86.56. RetailMeNot also saw a large growth in short interest in May. As of May 30th, there was short interest totalling 6,672,177 shares, a growth of 82.1% from the May 15th total of 3,663,368 shares. Approximately 21.9% of the company’s shares are short sold. Based on an average daily volume of 2,856,409 shares, the short-interest ratio is currently 2.3 days.
A number of analysts have recently weighed in on SALE shares. 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. 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. RetailMeNot currently has an average rating of “Buy” and a consensus price target of $43.37.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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