Shares of RetailMeNot Inc. (NASDAQ:SALE) traded down 1.9% during mid-day trading on Friday . The company 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.

A number of analysts have recently issued reports on the stock. Jefferies Group reissued a “buy” rating on shares of RetailMeNot in a research note on Monday, July 11th. Zacks Investment Research lowered shares of RetailMeNot from a “buy” rating to a “hold” rating in a research note on Saturday, May 7th. Credit Suisse Group AG reissued a “hold” rating on shares of RetailMeNot in a research note on Wednesday, May 4th. Wedbush reissued a “hold” rating and set a $7.00 target price on shares of RetailMeNot in a research note on Saturday, April 9th. Finally, Morgan Stanley reissued a “hold” rating on shares of RetailMeNot in a research note on Saturday, April 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.14.

The firm has a market capitalization of $397.17 million and a P/E ratio of 54.70. The firm has a 50 day moving average price of $7.55 and a 200-day moving average price of $7.93.

RetailMeNot (NASDAQ:SALE) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The firm earned $54.60 million during the quarter, compared to analysts’ expectations of $54.35 million. During the same quarter in the previous year, the business posted $0.20 EPS. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities research analysts anticipate that RetailMeNot Inc. will post $0.56 EPS for the current year.

Several hedge funds recently modified their holdings of the company. Nationwide Fund Advisors increased its stake in shares of RetailMeNot by 711.9% in the fourth quarter. Nationwide Fund Advisors now owns 208,230 shares of the company’s stock worth $2,066,000 after buying an additional 182,584 shares during the period. Heartland Advisors Inc. bought a new stake in shares of RetailMeNot during the fourth quarter worth about $4,960,000. Cornerstone Capital Management Holdings LLC. increased its stake in shares of 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 during the period. J. Goldman & Co LP increased its stake in shares of RetailMeNot by 480.2% in the fourth quarter. J. Goldman & Co LP now owns 602,337 shares of the company’s stock worth $5,975,000 after buying an additional 498,516 shares during the period. Finally, Matarin Capital Management LLC bought a new stake in shares of RetailMeNot during the fourth quarter worth 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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