Shares of RetailMeNot Inc (NASDAQ:SALE) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $10.65.

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $11.60 price objective on shares of RetailMeNot in a research report on Friday, May 19th. Loop Capital reissued a “market perform” rating and issued a $11.50 price objective on shares of RetailMeNot in a research report on Friday, April 14th.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position in shares of RetailMeNot by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 38,560 shares of the technology company’s stock valued at $312,000 after buying an additional 5,380 shares during the period. Credit Suisse AG increased its position in shares of RetailMeNot by 175.4% in the first quarter. Credit Suisse AG now owns 92,273 shares of the technology company’s stock valued at $747,000 after buying an additional 58,770 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of RetailMeNot by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 147,334 shares of the technology company’s stock valued at $1,194,000 after buying an additional 8,379 shares during the period. KCG Holdings Inc. increased its position in shares of RetailMeNot by 18.9% in the first quarter. KCG Holdings Inc. now owns 24,873 shares of the technology company’s stock valued at $201,000 after buying an additional 3,951 shares during the period. Finally, Morgan Stanley increased its position in shares of RetailMeNot by 61.1% in the first quarter. Morgan Stanley now owns 215,057 shares of the technology company’s stock valued at $1,743,000 after buying an additional 81,536 shares during the period. Institutional investors and hedge funds own 81.00% of the company’s stock.

RetailMeNot (NASDAQ SALE) traded up 0.000% during midday trading on Friday, hitting $11.575. RetailMeNot has a one year low of $6.83 and a one year high of $12.93. The firm has a 50-day moving average price of $11.02 and a 200 day moving average price of $9.51.

RetailMeNot Company Profile

RetailMeNot Inc operates a savings destination connecting consumers with retailers, restaurants and brands, both online and in-store. The Company operates through two segments: Core and Gift Card. The Core segment consists of all other products and services that are related to its marketplace for digital offers.

Analyst Recommendations for RetailMeNot (NASDAQ:SALE)

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