RetailMeNot Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:SALE)
Shares of RetailMeNot (NASDAQ:SALE) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, AnalystRatings.NET reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $32.86.
A number of research firms have recently commented on SALE. Analysts at Stifel Nicolaus initiated coverage on shares of RetailMeNot in a research note on Wednesday, August 13th. They set a “hold” rating on the stock. Separately, 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. Finally, 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.
RetailMeNot (NASDAQ:SALE) opened at 19.06 on Wednesday. RetailMeNot has a 1-year low of $16.77 and a 1-year high of $48.73. The stock has a 50-day moving average of $20.83 and a 200-day moving average of $29.00. The company has a market cap of $1.029 billion and a P/E ratio of 60.38. RetailMeNot also was the recipient of a significant decrease in short interest in August. As of August 15th, there was short interest totalling 7,083,395 shares, a decrease of 22.7% from the July 31st total of 9,168,318 shares. Based on an average trading volume of 3,364,302 shares, the short-interest ratio is currently 2.1 days. Approximately 23.1% of the company’s stock are short sold.
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. Analysts expect that RetailMeNot will post $0.84 EPS for the current fiscal year.
RetailMeNot Inc, operates digital coupon marketplace, connecting consumers with retailers and brands.
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