RetailMeNot Inc (SALE) Receives Average Rating of “Hold” from Analysts

RetailMeNot Inc (NASDAQ:SALE) has been given an average recommendation of “Hold” by the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $10.56.

Several equities research analysts have commented on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $11.60 price target on shares of RetailMeNot in a research report on Friday, May 19th. Loop Capital reiterated a “market perform” rating and issued a $11.50 price target on shares of RetailMeNot in a research report on Friday, April 14th. Dougherty & Co cut shares of RetailMeNot from a “buy” rating to a “sell” rating and set a $11.60 price target on the stock. in a research report on Tuesday, April 11th. Finally, Jefferies Group LLC cut shares of RetailMeNot from a “buy” rating to a “hold” rating and dropped their price target for the stock from $12.00 to $11.60 in a research report on Tuesday, April 11th.

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RetailMeNot (SALE) traded up 0.000% during trading on Tuesday, reaching $11.575. The stock’s 50 day moving average price is $11.02 and its 200 day moving average price is $9.51. RetailMeNot has a 12 month low of $6.83 and a 12 month high of $12.93.

In other RetailMeNot news, insider Paul Rogers sold 4,899 shares of the business’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $11.55, for a total transaction of $56,583.45. Following the sale, the insider now owns 110,777 shares in the company, valued at approximately $1,279,474.35. The transaction was disclosed in a filing with the SEC, which is available through this link. 18.60% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the stock. Princeton Alpha Management LP acquired a new position in shares of RetailMeNot during the first quarter worth $100,000. American International Group Inc. increased its position in shares of RetailMeNot by 7.1% in the first quarter. American International Group Inc. now owns 23,742 shares of the technology company’s stock worth $192,000 after buying an additional 1,567 shares in the last quarter. KCG Holdings Inc. increased its position in shares of RetailMeNot by 18.9% in the first quarter. KCG Holdings Inc. now owns 24,873 shares of the technology company’s stock worth $201,000 after buying an additional 3,951 shares in the last quarter. Boothbay Fund Management LLC increased its position in shares of RetailMeNot by 31.3% in the fourth quarter. Boothbay Fund Management LLC now owns 23,224 shares of the technology company’s stock worth $216,000 after buying an additional 5,532 shares in the last quarter. Finally, Globeflex Capital L P increased its position in shares of RetailMeNot by 26.9% in the first quarter. Globeflex Capital L P now owns 28,800 shares of the technology company’s stock worth $233,000 after buying an additional 6,100 shares in the last quarter. Institutional investors own 81.00% of the company’s stock.

RetailMeNot Company Profile

RetailMeNot Inc operates a savings destination connecting consumers with retailers, restaurants and brands, both online and in-store. The Company operates through two segments: Core and Gift Card. The Core segment consists of all other products and services that are related to its marketplace for digital offers.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SALE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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