RetailMeNot Sees Large Decline in Short Interest (SALE)
Shares of RetailMeNot (NASDAQ:SALE) were the target of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 7,083,395 shares, a decline of 22.7% from the July 31st total of 9,168,318 shares, Stock Ratings Network reports. Currently, 23.1% of the company’s shares are sold short. Based on an average daily trading volume, of 3,364,302 shares, the short-interest ratio is presently 2.1 days.
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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $32.86.
Shares of RetailMeNot (NASDAQ:SALE) opened at 18.90 on Wednesday. RetailMeNot has a one year low of $16.77 and a one year high of $48.73. The stock’s 50-day moving average is $20.83 and its 200-day moving average is $29.00. The company has a market cap of $1.020 billion and a price-to-earnings ratio of 59.58.
RetailMeNot (NASDAQ:SALE) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted ($0.68) earnings per share. The company’s revenue for the quarter was up 37.1% on a year-over-year basis. 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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