Shares of Bankrate Inc. (NYSE:RATE) have received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $11.14.

Several brokerages have issued reports on RATE. Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price on shares of Bankrate in a research report on Tuesday, September 13th. Zacks Investment Research cut Bankrate from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Loop Capital assumed coverage on Bankrate in a research note on Wednesday, August 10th. They issued a “hold” rating and a $9.00 price objective on the stock. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Bankrate in a research note on Friday, August 5th. Finally, Compass Point assumed coverage on Bankrate in a research note on Thursday, June 2nd. They issued a “neutral” rating and a $9.00 price objective on the stock.

A number of hedge funds have recently modified their holdings of RATE. Legal & General Group Plc increased its stake in Bankrate by 6.3% in the first quarter. Legal & General Group Plc now owns 14,966 shares of the company’s stock worth $137,000 after buying an additional 892 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Bankrate by 2.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 48,118 shares of the company’s stock worth $441,000 after buying an additional 1,066 shares during the last quarter. Marshall Wace LLP increased its stake in Bankrate by 7.1% in the second quarter. Marshall Wace LLP now owns 20,840 shares of the company’s stock worth $156,000 after buying an additional 1,383 shares during the last quarter. Paloma Partners Management Co increased its stake in Bankrate by 26.8% in the second quarter. Paloma Partners Management Co now owns 51,720 shares of the company’s stock worth $387,000 after buying an additional 10,934 shares during the last quarter. Finally, Princeton Alpha Management LP increased its stake in Bankrate by 34.6% in the second quarter. Princeton Alpha Management LP now owns 43,838 shares of the company’s stock worth $328,000 after buying an additional 11,268 shares during the last quarter. 47.63% of the stock is currently owned by institutional investors.

Shares of Bankrate (NYSE:RATE) traded up 0.423% during mid-day trading on Friday, reaching $8.305. The company’s stock had a trading volume of 156,228 shares. The stock’s market capitalization is $738.88 million. The company’s 50-day moving average price is $7.92 and its 200-day moving average price is $8.38. Bankrate has a 12-month low of $6.59 and a 12-month high of $15.80.

Bankrate (NYSE:RATE) last announced its earnings results on Thursday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $98.30 million for the quarter, compared to analysts’ expectations of $96.08 million. Bankrate had a positive return on equity of 7.93% and a negative net margin of 13.93%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.16 earnings per share. On average, equities research analysts forecast that Bankrate will post $0.54 earnings per share for the current fiscal year.

About Bankrate

Bankrate, Inc (Bankrate) is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories.

5 Day Chart for NYSE:RATE

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