Shares of RetailMeNot Inc. (NASDAQ:SALE) dropped 1.9% on Friday . The stock traded as low as $8.06 and last traded at $8.10, with a volume of 61,933 shares trading hands. The stock had previously closed at $8.26.

SALE has been the subject of several recent research reports. Morgan Stanley restated a “hold” rating on shares of RetailMeNot in a report on Saturday, April 9th. Wedbush restated a “hold” rating and issued a $7.00 price objective on shares of RetailMeNot in a report on Saturday, April 9th. Zacks Investment Research upgraded RetailMeNot from a “sell” rating to a “buy” rating and set a $9.00 price objective for the company in a report on Wednesday, April 13th. Credit Suisse Group AG restated a “hold” rating on shares of RetailMeNot in a report on Wednesday, May 4th. Finally, Jefferies Group reiterated a “buy” rating on shares of RetailMeNot in a research note on Monday, June 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.14.

The firm has a 50 day moving average price of $7.52 and a 200 day moving average price of $7.95. The firm has a market cap of $397.17 million and a price-to-earnings ratio of 54.70.

RetailMeNot (NASDAQ:SALE) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. During the same quarter in the prior year, the company posted $0.20 earnings per share. The business had revenue of $54.60 million for the quarter, compared to analysts’ expectations of $54.35 million. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. Equities research analysts forecast that RetailMeNot Inc. will post $0.56 EPS for the current fiscal year.

Several institutional investors have added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. boosted its position in RetailMeNot by 361.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 169,242 shares of the company’s stock worth $1,678,000 after buying an additional 132,542 shares in the last quarter. Nationwide Fund Advisors raised its position in RetailMeNot by 711.9% in the fourth quarter. Nationwide Fund Advisors now owns 208,230 shares of the company’s stock valued at $2,066,000 after buying an additional 182,584 shares during the last quarter. Heartland Advisors Inc. purchased a new position in RetailMeNot during the fourth quarter valued at about $4,960,000. J. Goldman & Co LP raised its position in RetailMeNot by 480.2% in the fourth quarter. J. Goldman & Co LP now owns 602,337 shares of the company’s stock valued at $5,975,000 after buying an additional 498,516 shares during the last quarter. Finally, Matarin Capital Management LLC purchased a new position in RetailMeNot during the fourth quarter valued at about $6,064,000.

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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