Bankrate (NASDAQ: RATE)‘s stock had its “hold” rating restated by equities researchers at Topeka Capital Markets in a report issued on Thursday. They currently have a $13.00 target price on the stock, up from their previous target price of $11.00.

The analysts wrote, “At an investor conference yesterday, Bankrate’s CFO, Ed DiMaria, sounded upbeat about margin trends in the back half of the year. In addition, latest available data for macro credit mailings showed signs of improvement. Our price target increases to $13 from $11 on an increase in our target multiple.”

Shares of Bankrate traded up 3.03% during mid-day trading on Thursday, hitting $11.90. Bankrate has a one year low of $9.90 and a one year high of $25.49. The stock’s 50-day moving average is currently $11.75. The company has a market cap of $1.191 billion and a P/E ratio of 39.83.

Bankrate last released its earnings data on Tuesday, February 12th. The company reported $0.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.05. The company had revenue of $93.20 million for the quarter, compared to the consensus estimate of $106.27 million. During the same quarter last year, the company posted $0.19 earnings per share. Bankrate’s revenue was down 18.1% compared to the same quarter last year. Analysts expect that Bankrate will post $0.49 EPS for the current fiscal year.

A number of other firms have also recently commented on RATE. Analysts at SunTrust cut their price target on shares of Bankrate from $17.00 to $14.00 in a research note to investors on Wednesday, February 13th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of Bankrate from $13.00 to $11.00 in a research note to investors on Wednesday, February 13th. Finally, analysts at JPMorgan Chase cut their price target on shares of Bankrate from $10.00 to $8.00 in a research note to investors on Wednesday, February 13th. They now have a “neutral” rating on the stock.

Two equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, and eight have issued a hold rating to the company’s stock. Bankrate has a consensus rating of “hold” and a consensus price target of $11.85.

Bankrate, Inc. (Bankrate), is a publisher, aggregator and distributor of personal finance content on the Internet.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.