Shares of RetailMeNot Inc. (NASDAQ:SALE) have been given an average rating of “Hold” by the eleven analysts that are covering the stock. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $12.90.
SALE has been the subject of several research reports. Dougherty & Co initiated coverage on shares of RetailMeNot in a research report on Thursday, August 25th. They issued a “buy” rating and a $15.00 price target for the company. TheStreet upgraded shares of RetailMeNot from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Morgan Stanley downgraded shares of RetailMeNot from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $11.49 to $8.60 in a research report on Monday, September 12th. Jefferies Group reiterated a “buy” rating on shares of RetailMeNot in a research report on Monday, June 13th. Finally, Wedbush set a $10.00 price target on shares of RetailMeNot and gave the company a “neutral” rating in a research report on Wednesday, August 3rd.
Institutional investors have recently made changes to their positions in the company. Panagora Asset Management Inc. increased its position in shares of RetailMeNot by 109.5% in the first quarter. Panagora Asset Management Inc. now owns 135,830 shares of the company’s stock worth $1,088,000 after buying an additional 71,001 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in RetailMeNot by 899.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 377,866 shares of the company’s stock worth $3,027,000 after buying an additional 340,067 shares during the period. Prudential Financial Inc. boosted its position in RetailMeNot by 12.9% in the first quarter. Prudential Financial Inc. now owns 419,281 shares of the company’s stock worth $3,359,000 after buying an additional 48,031 shares during the period. A.R.T. Advisors LLC boosted its position in RetailMeNot by 34.9% in the first quarter. A.R.T. Advisors LLC now owns 239,944 shares of the company’s stock worth $1,921,000 after buying an additional 62,100 shares during the period. Finally, Rothschild Asset Management Inc. boosted its position in RetailMeNot by 18.4% in the second quarter. Rothschild Asset Management Inc. now owns 232,457 shares of the company’s stock worth $1,792,000 after buying an additional 36,075 shares during the period. Institutional investors own 78.25% of the company’s stock.
Shares of RetailMeNot (NASDAQ:SALE) opened at 11.27 on Wednesday. The firm has a market cap of $548.58 million, a price-to-earnings ratio of 64.40 and a beta of 0.75. RetailMeNot has a 12 month low of $5.52 and a 12 month high of $12.93. The stock has a 50 day moving average of $11.34 and a 200 day moving average of $8.71.
RetailMeNot (NASDAQ:SALE) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.04 by $0.06. RetailMeNot had a net margin of 3.49% and a return on equity of 4.35%. The firm earned $64.20 million during the quarter, compared to the consensus estimate of $62.89 million. During the same quarter in the prior year, the firm earned $0.09 EPS. RetailMeNot’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts expect that RetailMeNot will post $0.59 EPS for the current fiscal year.
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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