RetailMeNot Inc. (SALE) Trading 2.3% Higher
RetailMeNot Inc. (NASDAQ:SALE) shares traded up 2.3% on Wednesday . The stock traded as high as $10.91 and last traded at $10.84, with a volume of 208,334 shares changing hands. The stock had previously closed at $10.60.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of RetailMeNot from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a report on Saturday. Jefferies Group reaffirmed a “buy” rating and set a $12.50 target price (up from $10.00) on shares of RetailMeNot in a report on Thursday, August 4th. Wedbush set a $10.00 target price on shares of RetailMeNot and gave the company a “neutral” rating in a report on Wednesday, August 3rd. TheStreet raised shares of RetailMeNot from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating on shares of RetailMeNot in a report on Wednesday, May 4th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. RetailMeNot has a consensus rating of “Hold” and a consensus target price of $13.36.
The stock has a market capitalization of $531.54 million and a PE ratio of 62.40. The stock has a 50 day moving average price of $8.38 and a 200 day moving average price of $7.92.
RetailMeNot (NASDAQ:SALE) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. During the same quarter in the prior year, the business posted $0.09 earnings per share. The firm earned $64.20 million during the quarter, compared to the consensus estimate of $62.89 million. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. Equities analysts anticipate that RetailMeNot Inc. will post $0.59 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in SALE. Cornerstone Capital Management Holdings LLC. boosted its stake 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. Matarin Capital Management LLC bought a new stake in RetailMeNot during the fourth quarter worth approximately $6,064,000. Finally, Dimensional Fund Advisors LP boosted its stake in 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 period.
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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