RetailMeNot Inc. (SALE) Trading 2.6% Higher
RetailMeNot Inc. (NASDAQ:SALE)’s share price traded up 2.6% on Wednesday . The stock traded as high as $12.07 and last traded at $12.04, with a volume of 269,762 shares trading hands. The stock had previously closed at $11.73.
Several equities analysts have weighed in on the stock. Jefferies Group restated a “buy” rating and set a $12.50 target price on shares of RetailMeNot in a report on Monday. Zacks Investment Research upgraded shares of RetailMeNot from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a report on Saturday, August 6th. Wedbush set a $10.00 target price on shares of RetailMeNot and gave the company a “neutral” rating in a report on Wednesday, August 3rd. TheStreet upgraded shares of RetailMeNot from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of RetailMeNot in a report on Wednesday, May 4th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. RetailMeNot currently has a consensus rating of “Hold” and an average price target of $13.36.
The stock has a market capitalization of $622.57 million and a price-to-earnings ratio of 73.09. The company has a 50 day moving average price of $9.23 and a 200 day moving average price of $8.07.
RetailMeNot (NASDAQ:SALE) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.06. The firm had revenue of $64.20 million for the quarter, compared to analyst estimates of $62.89 million. During the same period last year, the firm posted $0.09 EPS. The business’s revenue was up 20.7% compared to the same quarter last year. Analysts predict that RetailMeNot Inc. will post $0.59 EPS for the current year.
A number of large investors recently bought and sold shares of the company. Dimensional Fund Advisors LP increased 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 valued at $6,701,000 after buying an additional 111,634 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased 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 valued at $1,678,000 after buying an additional 132,542 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake 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 last quarter. Finally, Matarin Capital Management LLC bought a new stake in RetailMeNot during the fourth quarter valued at $6,064,000.
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.