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 RetailMeNot stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $27.32, for a total value of $150,260.00. Following the transaction, the chief financial officer now directly owns 35,401 shares in the company, valued at approximately $967,155. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
RetailMeNot (NASDAQ:SALE) traded down 0.39% during mid-day trading on Wednesday, hitting $28.15. The stock had a trading volume of 1,670,505 shares. RetailMeNot has a one year low of $22.45 and a one year high of $48.73. The stock’s 50-day moving average is $27.86 and its 200-day moving average is $32.60. The company has a market cap of $1.512 billion and a P/E ratio of 91.75.
SALE has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of RetailMeNot from a “neutral” rating to an “underperform” rating in a research note on Tuesday. They now have a $26.50 price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. RetailMeNot has an average rating of “Hold” and an average target price of $41.21.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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