RetailMeNot Receives New Coverage from Analysts at Stifel Nicolaus (SALE)
In other RetailMeNot news, CFO Douglas C. Jeffries sold 5,500 shares of the company’s stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $25.00, for a total transaction of $137,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of RetailMeNot in a research note on Tuesday, August 5th. They now have a $36.00 price target on the stock, down previously from $47.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of RetailMeNot in a research note on Tuesday, August 5th. They now have a $32.00 price target on the stock, down previously from $43.00. Finally, analysts at Goldman Sachs reiterated a “buy” rating on shares of RetailMeNot in a research note on Tuesday, August 5th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $32.86.
RetailMeNot (NASDAQ:SALE) opened at 17.50 on Wednesday. RetailMeNot has a 1-year low of $16.77 and a 1-year high of $48.73. The stock’s 50-day moving average is $23.73 and its 200-day moving average is $31.00. The company has a market cap of $944.6 million and a P/E ratio of 55.59.
RetailMeNot (NASDAQ:SALE) last issued its quarterly earnings data 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 $0.84 earnings per share for the current fiscal year.
RetailMeNot Inc, operates digital coupon marketplace, connecting consumers with retailers and brands.
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