RetailMeNot Inc. (NASDAQ:SALE)’s share price rose 4.3% on Monday . The company traded as high as $8.60 and last traded at $8.56, with a volume of 106,277 shares changing hands. The stock had previously closed at $8.21.

SALE has been the topic of a number of research reports. Morgan Stanley reissued a “hold” rating on shares of RetailMeNot in a report on Saturday, April 9th. Wedbush reissued a “hold” rating and set a $7.00 price objective on shares of RetailMeNot in a report on Saturday, April 9th. Zacks Investment Research raised RetailMeNot from a “sell” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Wednesday, April 13th. Credit Suisse Group AG reissued a “hold” rating on shares of RetailMeNot in a report on Wednesday, May 4th. Finally, Jefferies Group reissued a “buy” rating on shares of RetailMeNot in a report on Monday, June 13th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.14.

The firm has a 50 day moving average price of $7.76 and a 200 day moving average price of $7.86. The firm has a market cap of $408.86 million and a PE ratio of 56.31.

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

A number of institutional investors have recently made changes to their positions in SALE. Cornerstone Capital Management Holdings LLC. raised 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 worth $1,678,000 after buying an additional 132,542 shares during the last quarter. Nationwide Fund Advisors raised 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 worth $2,066,000 after buying an additional 182,584 shares during the last quarter. J. Goldman & Co LP raised 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 worth $5,975,000 after buying an additional 498,516 shares during the last quarter. Matarin Capital Management LLC purchased a new position in shares of RetailMeNot during the fourth quarter worth approximately $6,064,000. Finally, Dimensional Fund Advisors LP raised 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 worth $6,701,000 after buying an additional 111,634 shares during 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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