RetailMeNot Inc. (NASDAQ:SALE) was up 4.3% during mid-day trading on Monday . The company traded as high as $8.60 and last traded at $8.56, with a volume of 106,277 shares trading hands. The stock had previously closed at $8.21.

Several equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed a “hold” rating on shares of RetailMeNot in a research note on Saturday, April 9th. Wedbush reaffirmed a “hold” rating and set a $7.00 target price on shares of RetailMeNot in a research note on Saturday, April 9th. Zacks Investment Research raised shares of RetailMeNot from a “sell” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Wednesday, April 13th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of RetailMeNot in a research note on Wednesday, May 4th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of RetailMeNot in a research note on Monday, June 13th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. RetailMeNot has an average rating of “Hold” and a consensus target price of $12.14.

The stock’s 50-day moving average is $7.69 and its 200 day moving average is $7.89. The company has a market capitalization of $415.68 million and a price-to-earnings ratio of 57.25.

RetailMeNot (NASDAQ:SALE) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.13 earnings per share (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 the consensus estimate of $54.35 million. During the same quarter last year, the firm earned $0.20 earnings per share. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, equities analysts expect that RetailMeNot Inc. will post $0.56 earnings per share for the current year.

Other institutional investors recently made changes to their positions in the company. Nationwide Fund Advisors boosted its position in shares of 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. boosted its position 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 valued at $1,678,000 after buying an additional 132,542 shares in the last quarter. J. Goldman & Co LP boosted its position 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 valued at $5,975,000 after buying an additional 498,516 shares in the last quarter. Matarin Capital Management LLC bought a new position in shares of RetailMeNot during the fourth quarter valued at $6,064,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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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