RetailMeNot Inc (NASDAQ:SALE) has received an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $10.65.
SALE has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a “hold” rating and set a $11.60 price target on shares of RetailMeNot in a research note on Friday, May 19th. Loop Capital reiterated a “market perform” rating and set a $11.50 price target on shares of RetailMeNot in a research note on Friday, April 14th.
RetailMeNot (SALE) traded up 0.000% on Friday, hitting $11.575. RetailMeNot has a 52-week low of $6.83 and a 52-week high of $12.93. The company’s 50-day moving average is $11.02 and its 200 day moving average is $9.51.
A number of large investors have recently bought and sold shares of the company. State Street Corp increased its stake in RetailMeNot by 16.6% in the fourth quarter. State Street Corp now owns 788,043 shares of the technology company’s stock worth $7,326,000 after buying an additional 112,002 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in RetailMeNot by 23.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,227,659 shares of the technology company’s stock worth $20,717,000 after buying an additional 424,721 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in RetailMeNot by 8.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 26,906 shares of the technology company’s stock worth $250,000 after buying an additional 2,052 shares in the last quarter. Norges Bank acquired a new stake in RetailMeNot during the fourth quarter worth $6,739,000. Finally, Strs Ohio increased its stake in RetailMeNot by 13.3% in the first quarter. Strs Ohio now owns 80,900 shares of the technology company’s stock worth $655,000 after buying an additional 9,500 shares in the last quarter. Hedge funds and other institutional investors own 81.00% of the company’s stock.
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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.
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