Shares of RetailMeNot Inc (NASDAQ:SALE) have been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the company. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $10.56.
Several equities analysts have recently commented on SALE shares. Dougherty & Co lowered shares of RetailMeNot from a “buy” rating to a “sell” rating and set a $11.60 price target for the company. in a research report on Tuesday, April 11th. Royal Bank of Canada restated a “sell” rating and set a $10.00 price target on shares of RetailMeNot in a research report on Tuesday, February 14th. Credit Suisse Group AG initiated coverage on shares of RetailMeNot in a research report on Wednesday, January 11th. They issued an “underperform” rating and a $9.00 target price for the company. Jefferies Group LLC increased their target price on shares of RetailMeNot from $11.50 to $12.00 and gave the company a “positive” rating in a research report on Wednesday, February 15th. Finally, Zacks Investment Research lowered shares of RetailMeNot from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th.
In other RetailMeNot news, insider Paul Rogers sold 4,899 shares of the company’s stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $11.55, for a total value of $56,583.45. Following the completion of the sale, the insider now directly owns 110,777 shares of the company’s stock, valued at approximately $1,279,474.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas Aylor sold 4,855 shares of the company’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $8.20, for a total transaction of $39,811.00. Following the completion of the sale, the vice president now directly owns 39,379 shares of the company’s stock, valued at $322,907.80. The disclosure for this sale can be found here. Insiders sold a total of 11,096 shares of company stock valued at $109,278 over the last three months. 18.60% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Princeton Alpha Management LP acquired a new position in shares of RetailMeNot during the third quarter valued at about $124,000. Wells Fargo & Company MN raised its position in RetailMeNot by 24.1% in the third quarter. Wells Fargo & Company MN now owns 14,114 shares of the technology company’s stock valued at $140,000 after buying an additional 2,739 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in RetailMeNot during the third quarter valued at about $199,000. Boothbay Fund Management LLC raised its position in RetailMeNot by 31.3% in the fourth quarter. Boothbay Fund Management LLC now owns 23,224 shares of the technology company’s stock valued at $216,000 after buying an additional 5,532 shares in the last quarter. Finally, Globeflex Capital L P purchased a new position in RetailMeNot during the third quarter valued at about $225,000. 81.00% of the stock is owned by institutional investors.
RetailMeNot (NASDAQ:SALE) remained flat at $11.50 during midday trading on Tuesday. The company’s stock had a trading volume of 278,626 shares. The stock has a market cap of $550.33 million, a PE ratio of 287.50 and a beta of 0.82. RetailMeNot has a 52 week low of $6.69 and a 52 week high of $12.93. The company has a 50 day moving average price of $8.85 and a 200-day moving average price of $9.16.
RetailMeNot (NASDAQ:SALE) last released its quarterly earnings results on Tuesday, February 14th. The technology company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. The business earned $96.90 million during the quarter, compared to analyst estimates of $95.48 million. RetailMeNot had a net margin of 3.24% and a return on equity of 4.30%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Analysts forecast that RetailMeNot will post $0.55 EPS for the current year.
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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.
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