RetailMeNot Inc. (SALE) Stock Price Down 2.1%
Shares of RetailMeNot Inc. (NASDAQ:SALE) were down 2.1% during mid-day trading on Friday . The stock traded as low as $7.40 and last traded at $8.21, with a volume of 105,132 shares changing hands. The stock had previously closed at $8.39.
Several analysts recently issued reports on SALE shares. Jefferies Group restated a “buy” rating on shares of RetailMeNot in a report on Monday, June 13th. TheStreet upgraded shares of RetailMeNot from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Zacks Investment Research upgraded shares of RetailMeNot from a “sell” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Wednesday, April 13th. Credit Suisse Group AG restated a “hold” rating on shares of RetailMeNot in a report on Wednesday, May 4th. Finally, Wedbush restated a “hold” rating and issued a $7.00 price objective on shares of RetailMeNot in a report on Saturday, April 9th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. RetailMeNot presently has an average rating of “Hold” and a consensus price target of $12.14.
The firm’s 50-day moving average is $7.69 and its 200-day moving average is $7.89. The stock has a market capitalization of $400.09 million and a P/E ratio of 55.10.
RetailMeNot (NASDAQ:SALE) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $54.60 million for the quarter, compared to analyst estimates of $54.35 million. During the same period in the previous year, the business earned $0.20 EPS. The firm’s revenue was down 9.6% on a year-over-year basis. On average, analysts anticipate that RetailMeNot Inc. will post $0.56 earnings per share for the current year.
Several hedge funds recently bought and sold shares of SALE. 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 last quarter. Matarin Capital Management LLC bought a new stake in RetailMeNot during the fourth quarter worth approximately $6,064,000. J. Goldman & Co LP raised its stake in RetailMeNot by 480.2% in the fourth quarter. J. Goldman & Co LP now owns 602,337 shares of the company’s stock worth $5,975,000 after buying an additional 498,516 shares during the last quarter. 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 last quarter. Finally, Nationwide Fund Advisors raised its stake in RetailMeNot by 711.9% in the fourth quarter. Nationwide Fund Advisors now owns 208,230 shares of the company’s stock worth $2,066,000 after buying an additional 182,584 shares during the last quarter.
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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