RetailMeNot Inc. (NASDAQ:SALE) shares were down 2.1% during trading on Friday . The stock traded as low as $7.40 and last traded at $8.21, with a volume of 105,132 shares traded. The stock had previously closed at $8.39.

Several research analysts have commented on SALE shares. TheStreet raised shares of RetailMeNot from a “sell” rating to a “hold” rating in a research note on Monday. Jefferies Group reaffirmed a “buy” rating on shares of RetailMeNot in a research note on Monday, June 13th. Wedbush reaffirmed a “hold” rating and set a $7.00 price objective on shares of RetailMeNot in a research note on Saturday, April 9th. Zacks Investment Research lowered shares of RetailMeNot from a “buy” rating to a “hold” rating in a research note on Saturday, May 7th. Finally, Credit Suisse Group AG reissued a “hold” rating on shares of RetailMeNot in a research note on Wednesday, May 4th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.14.

The stock has a market capitalization of $400.09 million and a PE ratio of 55.10. The firm’s 50 day moving average is $7.69 and its 200-day moving average is $7.89.

RetailMeNot (NASDAQ:SALE) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.02. The firm earned $54.60 million during the quarter, compared to analyst estimates of $54.35 million. During the same period in the prior year, the company posted $0.20 earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. Analysts anticipate that RetailMeNot Inc. will post $0.56 EPS for the current fiscal year.

A number of hedge funds and institutional investors have recently bought and sold shares of SALE. Matarin Capital Management LLC purchased a new position in RetailMeNot during the fourth quarter valued at approximately $6,064,000. J. Goldman & Co LP increased 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 in the last quarter. Nationwide Fund Advisors increased 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 in the last quarter. Cornerstone Capital Management Holdings LLC. increased 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 valued at $1,678,000 after buying an additional 132,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in RetailMeNot by 19.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 675,423 shares of the company’s stock valued at $6,701,000 after buying an additional 111,634 shares in the last quarter.

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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