RetailMeNot Inc. (SALE) Sets New 12-Month High at $12.57
RetailMeNot Inc. (NASDAQ:SALE) shares reached a new 52-week high on Thursday . The stock traded as high as $12.57 and last traded at $12.50, with a volume of 339,163 shares traded. The stock had previously closed at $12.14.
Several research firms have recently weighed in on SALE. Jefferies Group reaffirmed a “buy” rating and set a $12.50 price objective on shares of RetailMeNot in a research report on Monday. Wedbush set a $10.00 price objective on RetailMeNot and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. Credit Suisse Group AG reaffirmed a “hold” rating on shares of RetailMeNot in a research report on Wednesday, May 4th. Zacks Investment Research cut RetailMeNot from a “buy” rating to a “hold” rating in a research report on Saturday, May 7th. Finally, TheStreet raised RetailMeNot from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.36.
The stock’s 50 day moving average price is $9.07 and its 200-day moving average price is $8.04. The firm has a market capitalization of $607.96 million and a P/E ratio of 71.37.
RetailMeNot (NASDAQ:SALE) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The business earned $64.20 million during the quarter, compared to the consensus estimate of $62.89 million. The business’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the business posted $0.09 earnings per share. Equities analysts anticipate that RetailMeNot Inc. will post $0.59 EPS for the current year.
Other hedge funds and institutional investors have bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in RetailMeNot by 276.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 231,150 shares of the company’s stock valued at $2,293,000 after buying an additional 169,750 shares during the period. Dimensional Fund Advisors LP raised its position in RetailMeNot by 19.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 675,423 shares of the company’s stock valued at $6,701,000 after buying an additional 111,634 shares during the period. Matarin Capital Management LLC acquired a new position in RetailMeNot during the fourth quarter valued at $6,064,000. Finally, Cornerstone Capital Management Holdings LLC. raised its position in RetailMeNot by 361.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 169,242 shares of the company’s stock valued at $1,678,000 after buying an additional 132,542 shares during the 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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