Several other research analysts have also weighed in on the company. Stifel Nicolaus lowered RetailMeNot from a hold rating to a sell rating and set a $9.00 price target on the stock. in a research report on Monday, September 26th. Loop Capital began coverage on RetailMeNot in a research report on Tuesday, September 13th. They set a hold rating and a $11.00 price target on the stock. Morgan Stanley lowered RetailMeNot from an equal weight rating to an underweight rating and lowered their price target for the stock from $11.49 to $8.60 in a research report on Monday, September 12th. Dougherty & Co began coverage on RetailMeNot in a research report on Thursday, August 25th. They set a buy rating and a $15.00 price target on the stock. Finally, Jefferies Group reaffirmed a buy rating and set a $12.50 price target on shares of RetailMeNot in a research report on Monday, August 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $12.46.
RetailMeNot (NASDAQ:SALE) opened at 10.06 on Thursday. The company has a market capitalization of $489.68 million, a PE ratio of 57.49 and a beta of 0.78. The company has a 50-day moving average price of $11.14 and a 200 day moving average price of $8.80. RetailMeNot has a 12 month low of $5.52 and a 12 month high of $12.93.
RetailMeNot (NASDAQ:SALE) last posted its quarterly earnings results 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 firm had revenue of $64.20 million for the quarter, compared to analyst estimates of $62.89 million. RetailMeNot had a return on equity of 4.35% and a net margin of 3.49%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 EPS. On average, equities research analysts forecast that RetailMeNot will post $0.59 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pacad Investment Ltd. purchased a new position in shares of RetailMeNot during the first quarter worth approximately $194,000. TIAA CREF Investment Management LLC raised its position in shares of RetailMeNot by 34.0% in the first quarter. TIAA CREF Investment Management LLC now owns 361,905 shares of the company’s stock worth $2,899,000 after buying an additional 91,772 shares in the last quarter. Prudential Financial Inc. raised its position in shares of 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 in the last quarter. JPMorgan Chase & Co. raised its position in shares of RetailMeNot by 83.4% in the first quarter. JPMorgan Chase & Co. now owns 3,479,420 shares of the company’s stock worth $27,870,000 after buying an additional 1,581,895 shares in the last quarter. Finally, Menta Capital LLC raised its position in shares of RetailMeNot by 33.5% in the first quarter. Menta Capital LLC now owns 52,805 shares of the company’s stock worth $423,000 after buying an additional 13,250 shares in the last quarter. 78.25% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for RetailMeNot Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RetailMeNot Inc. and related companies with MarketBeat.com's FREE daily email newsletter.