Bankrate Inc (NYSE:RATE) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $13.75.

Separately, BidaskClub cut Bankrate from a “sell” rating to a “strong sell” rating in a research note on Friday, October 20th.

A number of hedge funds and other institutional investors have recently modified their holdings of RATE. The Manufacturers Life Insurance Company raised its stake in shares of Bankrate by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 38,667 shares of the bank’s stock worth $497,000 after purchasing an additional 151 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Bankrate by 3.0% during the second quarter. Oppenheimer & Co. Inc. now owns 16,615 shares of the bank’s stock worth $214,000 after purchasing an additional 477 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Bankrate by 1.6% during the second quarter. Wells Fargo & Company MN now owns 31,912 shares of the bank’s stock worth $410,000 after purchasing an additional 509 shares during the last quarter. Martingale Asset Management L P raised its stake in shares of Bankrate by 0.4% during the second quarter. Martingale Asset Management L P now owns 138,276 shares of the bank’s stock worth $1,777,000 after purchasing an additional 600 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Bankrate by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 195,875 shares of the bank’s stock worth $2,517,000 after purchasing an additional 1,197 shares during the last quarter. Institutional investors own 47.31% of the company’s stock.

Bankrate (RATE) traded up $0.05 during mid-day trading on Tuesday, reaching $14.00. The company had a trading volume of 2,003,120 shares, compared to its average volume of 339,734. The stock has a market capitalization of $1,260.00, a PE ratio of -56.00 and a beta of 1.64. Bankrate has a 12-month low of $8.55 and a 12-month high of $14.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.39 and a current ratio of 2.39.

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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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