RetailMeNot Inc. (SALE) Stock Rating Lowered by Zacks Investment Research
RetailMeNot Inc. (NASDAQ:SALE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “RetailMeNot, Inc. operates as a digital coupon marketplace that connects consumers with retailers and brands. It offers online deal information that enables users to purchase goods and services at a discount. The company’s portfolio of coupon and deal websites includes www.RetailMeNot.com, www.RetailMeNot.ca, www.VoucherCodes.co.uk, www.Deals.com, www.Actiepagina.nl, Bons-de-Reduction.com, www.ma-Reduc.com, www.Poulpeo.com and www.Deals2Buy.com. RetailMeNot, Inc. is headquartered in Austin, Texas. “
A number of other research analysts also recently issued reports on the stock. Boenning Scattergood began coverage on shares of RetailMeNot in a research report on Thursday, September 29th. They issued a “neutral” rating on the stock. Stifel Nicolaus downgraded shares of RetailMeNot from a “hold” rating to a “sell” rating and set a $9.00 target price on the stock. in a research report on Monday, September 26th. Loop Capital assumed coverage on shares of RetailMeNot in a research report on Tuesday, September 13th. They set a “hold” rating and a $11.00 target price on the stock. Morgan Stanley downgraded shares of RetailMeNot from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $11.49 to $8.60 in a research report on Monday, September 12th. Finally, Dougherty & Co assumed coverage on shares of RetailMeNot in a research report on Thursday, August 25th. They set a “buy” rating and a $15.00 target price on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. RetailMeNot presently has an average rating of “Hold” and a consensus target price of $12.46.
Shares of RetailMeNot (NASDAQ:SALE) opened at 9.49 on Wednesday. The firm has a market cap of $461.94 million, a PE ratio of 54.23 and a beta of 0.78. The firm has a 50-day moving average of $10.61 and a 200-day moving average of $8.88. RetailMeNot has a 52 week low of $5.52 and a 52 week high of $12.93.
RetailMeNot (NASDAQ:SALE) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. The firm had revenue of $64.20 million for the quarter, compared to the consensus estimate of $62.89 million. RetailMeNot had a net margin of 3.49% and a return on equity of 4.35%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 EPS. On average, analysts expect that RetailMeNot will post $0.59 EPS for the current year.
A number of hedge funds have recently made changes to their positions in SALE. Pacad Investment Ltd. purchased a new stake in RetailMeNot during the first quarter valued at about $194,000. TIAA CREF Investment Management LLC raised its stake in RetailMeNot by 34.0% in the first quarter. TIAA CREF Investment Management LLC now owns 361,905 shares of the company’s stock valued at $2,899,000 after buying an additional 91,772 shares during the last quarter. Prudential Financial Inc. raised its stake in RetailMeNot by 12.9% in the first quarter. Prudential Financial Inc. now owns 419,281 shares of the company’s stock valued at $3,359,000 after buying an additional 48,031 shares during the last quarter. JPMorgan Chase & Co. raised its stake in RetailMeNot by 83.4% in the first quarter. JPMorgan Chase & Co. now owns 3,479,420 shares of the company’s stock valued at $27,870,000 after buying an additional 1,581,895 shares during the last quarter. Finally, Menta Capital LLC raised its stake in RetailMeNot by 33.5% in the first quarter. Menta Capital LLC now owns 52,805 shares of the company’s stock valued at $423,000 after buying an additional 13,250 shares during the last quarter. Institutional investors and hedge funds own 78.25% of the company’s stock.
RetailMeNot Company Profile
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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