RetailMeNot CEO Unloads $565,530 in Stock (SALE)
RetailMeNot (NASDAQ:SALE) CEO G Cotter Cunningham unloaded 21,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $26.93, for a total transaction of $565,530.00. Following the transaction, the chief executive officer now directly owns 366,231 shares of the company’s stock, valued at approximately $9,862,601. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of RetailMeNot (NASDAQ:SALE) traded down 0.04% during mid-day trading on Monday, hitting $26.61. 1,192,180 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 $27.12 and a 200-day moving average of $32.49. The company has a market cap of $1.429 billion and a P/E ratio of 86.43.
Several analysts have recently commented on the stock. 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 given a hold rating and three have assigned a buy rating to the company. RetailMeNot 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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