Insider Selling: RetailMeNot COO Unloads 1,458 Shares of Stock (SALE)
RetailMeNot (NASDAQ:SALE) COO Kelli Beougher unloaded 1,458 shares of the company’s stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $26.70, for a total transaction of $38,928.60. Following the completion of the transaction, the chief operating officer now directly owns 35,000 shares of the company’s stock, valued at approximately $934,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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, June 17th. 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 assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $41.21.
Shares of RetailMeNot (NASDAQ:SALE) traded down 0.11% on Thursday, hitting $27.10. 950,380 shares of the company’s stock traded hands. 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 $27.20 and its 200-day moving average is $32.53. The company has a market cap of $1.456 billion and a P/E ratio of 88.08.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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