Bankrate Inc. (RATE) Given Hold Rating at JPMorgan Chase & Co.
RATE has been the topic of several other research reports. Needham & Company LLC restated a buy rating and set a $15.00 price objective on shares of Bankrate in a report on Tuesday, July 19th. Zacks Investment Research downgraded shares of Bankrate from a buy rating to a hold rating in a report on Tuesday, August 23rd. Compass Point assumed coverage on shares of Bankrate in a report on Thursday, June 2nd. They set a neutral rating and a $9.00 price objective on the stock. Finally, Loop Capital began coverage on shares of Bankrate in a report on Wednesday, August 10th. They set a hold rating and a $9.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $11.85.
Shares of Bankrate (NYSE:RATE) opened at 8.24 on Tuesday. Bankrate has a one year low of $6.59 and a one year high of $15.80. The firm’s market capitalization is $733.10 million. The company has a 50-day moving average price of $7.93 and a 200 day moving average price of $8.37.
Bankrate (NYSE:RATE) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Bankrate had a negative net margin of 13.93% and a positive return on equity of 7.93%. The company had revenue of $98.30 million for the quarter, compared to the consensus estimate of $96.08 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that Bankrate will post $0.54 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its position in Bankrate by 6.3% in the first quarter. Legal & General Group Plc now owns 14,966 shares of the company’s stock worth $137,000 after buying an additional 892 shares during the period. Metropolitan Life Insurance Co. NY raised its position in Bankrate by 2.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 48,118 shares of the company’s stock worth $441,000 after buying an additional 1,066 shares during the period. Marshall Wace LLP raised its position in Bankrate by 7.1% in the second quarter. Marshall Wace LLP now owns 20,840 shares of the company’s stock worth $156,000 after buying an additional 1,383 shares during the period. Paloma Partners Management Co raised its position in Bankrate by 26.8% in the second quarter. Paloma Partners Management Co now owns 51,720 shares of the company’s stock worth $387,000 after buying an additional 10,934 shares during the period. Finally, Princeton Alpha Management LP raised its position in Bankrate by 34.6% in the second quarter. Princeton Alpha Management LP now owns 43,838 shares of the company’s stock worth $328,000 after buying an additional 11,268 shares during the period. Hedge funds and other institutional investors own 47.63% of the company’s stock.
Bankrate Company Profile
Bankrate, Inc (Bankrate) is a publisher, aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories.
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