Bankrate, Inc. (NYSE:RATE) has been given an average recommendation of “Hold” by the ten research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $12.33.

Several research firms recently commented on RATE. Needham & Company LLC cut shares of Bankrate from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research cut shares of Bankrate from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Stephens cut shares of Bankrate from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a report on Friday, July 7th. BidaskClub upgraded shares of Bankrate from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Finally, Sidoti cut shares of Bankrate from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a report on Monday, July 3rd.

Bankrate (NYSE:RATE) traded down 0.36% on Tuesday, reaching $13.90. 684,573 shares of the company’s stock were exchanged. Bankrate has a 1-year low of $6.91 and a 1-year high of $14.25. The stock’s 50 day moving average price is $11.09 and its 200 day moving average price is $10.76. The firm’s market capitalization is $1.23 billion.

Bankrate (NYSE:RATE) last posted its quarterly earnings results on Thursday, May 4th. The bank reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The business had revenue of $118.70 million during the quarter, compared to analysts’ expectations of $116.18 million. Bankrate had a negative net margin of 8.64% and a positive return on equity of 6.66%. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. On average, analysts expect that Bankrate will post $0.70 earnings per share for the current year.

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In related news, CEO Christopher J. Speltz sold 12,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $11.95, for a total transaction of $146,985.00. Following the transaction, the chief executive officer now owns 279,733 shares of the company’s stock, valued at $3,342,809.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher J. Speltz sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $10.95, for a total transaction of $136,875.00. Following the transaction, the chief executive officer now directly owns 292,233 shares in the company, valued at approximately $3,199,951.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,947 shares of company stock worth $478,592. Insiders own 6.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in RATE. Wedge Capital Management L L P NC raised its position in Bankrate by 1.6% in the first quarter. Wedge Capital Management L L P NC now owns 18,840 shares of the bank’s stock worth $182,000 after buying an additional 300 shares in the last quarter. American International Group Inc. raised its position in Bankrate by 7.1% in the first quarter. American International Group Inc. now owns 29,199 shares of the bank’s stock worth $282,000 after buying an additional 1,928 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Bankrate by 2.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 128,945 shares of the bank’s stock worth $1,244,000 after buying an additional 2,680 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Bankrate by 4.7% in the first quarter. Parametric Portfolio Associates LLC now owns 74,023 shares of the bank’s stock worth $714,000 after buying an additional 3,331 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its position in Bankrate by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 123,200 shares of the bank’s stock worth $1,189,000 after buying an additional 3,400 shares in the last quarter. 49.16% of the stock is currently owned by institutional investors.

Bankrate Company Profile

Bankrate, Inc is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. The Company’s segments include Banking, Credit Cards, Senior Care and Other.

Analyst Recommendations for Bankrate (NYSE:RATE)

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