Insider Selling: RetailMeNot SVP Unloads 2,500 Shares of Stock (SALE)
RetailMeNot (NASDAQ:SALE) SVP Jagjit S. Bath unloaded 2,500 shares of the stock on the open market in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $27.51, for a total transaction of $68,775.00. Following the completion of the transaction, the senior vice president now directly owns 30,000 shares of the company’s stock, valued at approximately $825,300. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on SALE shares. 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 analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $41.21.
RetailMeNot (NASDAQ:SALE) traded down 0.39% on Wednesday, hitting $28.15. 1,670,505 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 $27.83 and a 200-day moving average of $32.57. The company has a market cap of $1.512 billion and a P/E ratio of 91.75.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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