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

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.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/2802893/retailmenot-inc-sale-receives-average-rating-of-hold-from-analysts.html.

About RetailMeNot

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.

Analyst Recommendations for RetailMeNot (NASDAQ:SALE)

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.