RetailMeNot Inc. (SALE) Shares Up 2.5%
RetailMeNot Inc. (NASDAQ:SALE) shot up 2.5% on Thursday . The stock traded as high as $11.90 and last traded at $11.79, with a volume of 227,554 shares traded. The stock had previously closed at $11.50.
Several research firms have weighed in on SALE. Jefferies Group reiterated a “buy” rating and issued a $12.50 target price on shares of RetailMeNot in a report on Monday, August 15th. Dougherty & Co began coverage on shares of RetailMeNot in a report on Thursday. They issued a “buy” rating and a $15.00 target price on the stock. Zacks Investment Research upgraded shares of RetailMeNot from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a report on Saturday, August 6th. Wedbush set a $10.00 target price on shares of RetailMeNot and gave the stock a “neutral” rating in a report on Wednesday, August 3rd. Finally, TheStreet upgraded shares of RetailMeNot from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. RetailMeNot presently has an average rating of “Buy” and an average target price of $13.56.
The company has a 50 day moving average price of $9.84 and a 200 day moving average price of $8.20. The company has a market cap of $555.39 million and a price-to-earnings ratio of 65.20.
RetailMeNot (NASDAQ:SALE) last posted its earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. The business had revenue of $64.20 million for the quarter, compared to the consensus estimate of $62.89 million. The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.09 earnings per share. Equities research analysts predict that RetailMeNot Inc. will post $0.59 EPS for the current year.
A hedge fund recently raised its stake in RetailMeNot stock. Connor Clark & Lunn Investment Management Ltd. raised its position in RetailMeNot Inc. (NASDAQ:SALE) by 276.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,150 shares of the company’s stock after buying an additional 169,750 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.44% of RetailMeNot worth $2,293,000 as of its most recent filing with the SEC.
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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