RetailMeNot Inc. (SALE) Reaches New 12-Month High at $12.57
Shares of RetailMeNot Inc. (NASDAQ:SALE) hit a new 52-week high during trading on Thursday . The company traded as high as $12.57 and last traded at $12.50, with a volume of 339,163 shares changing hands. The stock had previously closed at $12.14.
A number of analysts recently commented on SALE shares. Jefferies Group reaffirmed a “buy” rating and set a $12.50 price target on shares of RetailMeNot in a research report on Monday, August 15th. Zacks Investment Research downgraded RetailMeNot from a “buy” rating to a “hold” rating in a research report on Saturday, May 7th. Wedbush set a $10.00 price target on RetailMeNot and gave the company a “neutral” rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “hold” rating on shares of RetailMeNot in a research report on Wednesday, May 4th. Finally, TheStreet raised RetailMeNot from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $13.36.
The company has a market capitalization of $582.65 million and a PE ratio of 68.40. The company has a 50-day moving average price of $9.35 and a 200-day moving average price of $8.10.
RetailMeNot (NASDAQ:SALE) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. During the same period last year, the company earned $0.09 earnings per share. The firm earned $64.20 million during the quarter, compared to analysts’ expectations of $62.89 million. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities research analysts anticipate that RetailMeNot Inc. will post $0.59 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised 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. Cornerstone Capital Management Holdings LLC. raised 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 during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in RetailMeNot by 276.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 231,150 shares of the company’s stock worth $2,293,000 after buying an additional 169,750 shares during the period. Finally, Matarin Capital Management LLC purchased a new stake in RetailMeNot during the fourth quarter worth $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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