RetailMeNot Receives Neutral Rating from Credit Suisse (SALE)
RetailMeNot (NASDAQ:SALE)‘s stock had its “neutral” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Tuesday. They currently have a $32.00 target price on the stock, down from their previous target price of $43.00. Credit Suisse’s price target would suggest a potential upside of 26.48% from the company’s current price.
In other RetailMeNot news, CEO G Cotter Cunningham sold 10,500 shares of the stock on the open market in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $24.87, for a total value of $261,135.00. The sale 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 other recent research reports. Analysts at Goldman Sachs reiterated a “buy” rating on shares of RetailMeNot in a research note on Tuesday. Separately, analysts at RBC Capital downgraded shares of RetailMeNot from an “outperform” rating to a “sector perform” rating in a research note on Tuesday. They now have a $24.00 price target on the stock, down previously from $42.00. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of RetailMeNot from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $24.30 price target on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.22.
Shares of RetailMeNot (NASDAQ:SALE) traded down 28.10% during mid-day trading on Tuesday, hitting $18.1901. The stock had a trading volume of 16,316,976 shares. RetailMeNot has a 52-week low of $22.08 and a 52-week high of $48.73. The stock’s 50-day moving average is $25.47 and its 200-day moving average is $31.67. The company has a market cap of $977.1 million and a P/E ratio of 82.14.
RetailMeNot (NASDAQ:SALE) last announced its earnings results on Monday, August 4th. The company reported $0.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.09. The company had revenue of $59.50 million for the quarter, compared to the consensus estimate of $60.23 million. During the same quarter last year, the company posted ($0.68) earnings per share. RetailMeNot’s revenue was up 37.1% compared to the same quarter last year. On average, analysts predict that RetailMeNot will post $0.92 earnings per share for the current fiscal year.
RetailMeNot, Inc operates digital coupon marketplace, connecting consumers with retailers and brands.
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