RetailMeNot Inc. (SALE) Trading Up 2.5%
Shares of RetailMeNot Inc. (NASDAQ:SALE) were up 2.5% during trading on Thursday . The company traded as high as $11.90 and last traded at $11.79, with a volume of 227,554 shares trading hands. The stock had previously closed at $11.50.
A number of analysts recently commented on SALE shares. TheStreet upgraded shares of RetailMeNot from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Jefferies Group restated a “buy” rating on shares of RetailMeNot in a research report on Monday, June 13th. Zacks Investment Research upgraded RetailMeNot from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a report on Saturday, August 6th. Dougherty & Co initiated coverage on RetailMeNot in a report on Thursday. They set a “buy” rating and a $15.00 target price for the company. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of RetailMeNot in a report on Wednesday, May 4th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $13.56.
The firm’s 50-day moving average is $9.74 and its 200 day moving average is $8.17. The company has a market capitalization of $565.62 million and a P/E ratio of 66.40.
RetailMeNot (NASDAQ:SALE) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. The business had revenue of $64.20 million for the quarter, compared to analyst estimates of $62.89 million. During the same quarter last year, the firm posted $0.09 EPS. RetailMeNot’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities analysts expect that RetailMeNot Inc. will post $0.59 earnings per share for the current fiscal year.
An institutional investor recently raised its position in RetailMeNot stock. Connor Clark & Lunn Investment Management Ltd. raised its position in RetailMeNot Inc. (NASDAQ:SALE) by 276.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 231,150 shares of the company’s stock after buying an additional 169,750 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.44% of RetailMeNot worth $2,293,000 at the end of the most recent reporting 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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