RetailMeNot Given Average Recommendation of “Buy” by Analysts (NASDAQ:SALE)
RetailMeNot (NASDAQ:SALE) has received an average recommendation of “Buy” from the nine analysts that are presently covering the stock, AnalystRatings.NET reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $43.37.
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.
RetailMeNot (NASDAQ:SALE) opened at 27.13 on Friday. 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 $28.06 and its 200-day moving average is $32.60. The company has a market cap of $1.457 billion and a P/E ratio of 88.08. RetailMeNot also was the target of a significant 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. Currently, 21.9% of the shares of the stock are short sold. Based on an average trading volume of 2,856,409 shares, the short-interest ratio is currently 2.3 days.
In other RetailMeNot news, SVP Steven T. Pho sold 1,300 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $25.58, for a total transaction of $33,254.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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