Insider Selling: Steven T. Pho Sells 1,300 Shares of RetailMeNot Stock (SALE)
RetailMeNot (NASDAQ:SALE) SVP Steven T. Pho unloaded 1,300 shares of the stock on the open market in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $26.95, for a total value of $35,035.00. Following the completion of the transaction, the senior vice president now directly owns 15,000 shares in the company, valued at approximately $404,250. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of RetailMeNot (NASDAQ:SALE) traded down 0.11% during mid-day trading on Thursday, hitting $27.10. The stock had a trading volume of 950,380 shares. 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 $27.20 and a 200-day moving average of $32.53. The company has a market cap of $1.456 billion and a price-to-earnings ratio of 88.08.
A number of research firms have recently commented on SALE. 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 investment 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’s stock. The company presently has a consensus 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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