RetailMeNot Inc. (NASDAQ:SALE) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of RetailMeNot Inc. (NASDAQ:SALE) have earned an average recommendation of “Hold” from the eleven research firms that are presently covering the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $12.90.
SALE has been the topic of a number of analyst reports. Jefferies Group restated a “buy” rating and set a $10.00 target price on shares of RetailMeNot in a research report on Monday, July 18th. Dougherty & Co initiated coverage on RetailMeNot in a research report on Thursday, August 25th. They set a “buy” rating and a $15.00 target price on the stock. TheStreet upgraded RetailMeNot from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Loop Capital initiated coverage on RetailMeNot in a research report on Tuesday, September 13th. They set a “hold” rating and a $11.00 target price on the stock. Finally, Wedbush set a $10.00 target price on RetailMeNot and gave the company a “neutral” rating in a research report on Wednesday, August 3rd.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nine Chapters Capital Management LLC acquired a new position in RetailMeNot during the second quarter worth $115,000. Guggenheim Capital LLC raised its position in RetailMeNot by 4.3% in the second quarter. Guggenheim Capital LLC now owns 15,235 shares of the company’s stock worth $118,000 after buying an additional 630 shares during the period. Boothbay Fund Management LLC raised its position in RetailMeNot by 2.2% in the first quarter. Boothbay Fund Management LLC now owns 15,912 shares of the company’s stock worth $127,000 after buying an additional 343 shares during the period. BlackRock Advisors LLC raised its position in RetailMeNot by 14.9% in the second quarter. BlackRock Advisors LLC now owns 18,606 shares of the company’s stock worth $143,000 after buying an additional 2,416 shares during the period. Finally, Alliancebernstein L.P. raised its position in RetailMeNot by 38.5% in the second quarter. Alliancebernstein L.P. now owns 20,160 shares of the company’s stock worth $155,000 after buying an additional 5,600 shares during the period. 78.25% of the stock is currently owned by institutional investors and hedge funds.
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Shares of RetailMeNot (NASDAQ:SALE) traded up 0.09% during midday trading on Wednesday, reaching $10.99. The company’s stock had a trading volume of 106,936 shares. The company has a 50 day moving average price of $11.23 and a 200-day moving average price of $8.65. The stock has a market capitalization of $534.95 million, a PE ratio of 62.80 and a beta of 0.75. RetailMeNot has a 52 week low of $5.52 and a 52 week high of $12.93.
RetailMeNot (NASDAQ:SALE) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.06. The company had revenue of $64.20 million for the quarter, compared to the consensus estimate of $62.89 million. RetailMeNot had a return on equity of 4.35% and a net margin of 3.49%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. On average, equities research analysts expect that RetailMeNot will post $0.59 EPS for the current year.
RetailMeNot Company Profile
RetailMeNot Inc operates a digital savings destination connecting consumers with retailers, restaurants and brands, both online and in-store. The Company’s marketplace features over 800,000 digital offers each month. The Company’s Websites, mobile applications, e-mail newsletters and alerts and social media presence enable consumers to search for, discover and redeem digital offers from retailers and brands.
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