RetailMeNot Inc. (SALE) Now Covered by Boenning Scattergood
Investment analysts at Boenning Scattergood assumed coverage on shares of RetailMeNot Inc. (NASDAQ:SALE) in a note issued to investors on Thursday. The firm set a “neutral” rating on the stock.
Other analysts have also issued research reports about the company. Jefferies Group reissued a “buy” rating and set a $10.00 price objective on shares of RetailMeNot in a report on Monday, July 18th. Dougherty & Co initiated coverage on RetailMeNot in a report on Thursday, August 25th. They set a “buy” rating and a $15.00 price objective on the stock. TheStreet raised RetailMeNot from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Loop Capital initiated coverage on RetailMeNot in a report on Tuesday, September 13th. They set a “hold” rating and a $11.00 price objective on the stock. Finally, Wedbush set a $10.00 price objective on RetailMeNot and gave the stock a “neutral” rating in a report on Wednesday, August 3rd. Two research 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 company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $12.46.
RetailMeNot (NASDAQ:SALE) opened at 9.83 on Thursday. The company has a market cap of $478.49 million, a PE ratio of 56.17 and a beta of 0.75. The stock has a 50 day moving average price of $11.25 and a 200 day moving average price of $8.74. RetailMeNot has a 1-year low of $5.52 and a 1-year high of $12.93.
RetailMeNot (NASDAQ:SALE) last announced its quarterly earnings data 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. RetailMeNot had a return on equity of 4.35% and a net margin of 3.49%. The company had revenue of $64.20 million for the quarter, compared to analyst estimates of $62.89 million. During the same quarter last year, the firm earned $0.09 EPS. RetailMeNot’s revenue for the quarter was up 20.7% compared to the same quarter last year. Equities analysts forecast that RetailMeNot will post $0.59 earnings per share for the current year.
Institutional investors have recently modified their holdings of the stock. Nine Chapters Capital Management LLC acquired a new position in shares of RetailMeNot during the second quarter valued at about $115,000. Guggenheim Capital LLC increased its position in shares of RetailMeNot by 4.3% in the second quarter. Guggenheim Capital LLC now owns 15,235 shares of the company’s stock valued at $118,000 after buying an additional 630 shares during the last quarter. Boothbay Fund Management LLC increased its position in shares of RetailMeNot by 2.2% in the first quarter. Boothbay Fund Management LLC now owns 15,912 shares of the company’s stock valued at $127,000 after buying an additional 343 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of RetailMeNot by 14.9% in the second quarter. BlackRock Advisors LLC now owns 18,606 shares of the company’s stock valued at $143,000 after buying an additional 2,416 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of RetailMeNot by 38.5% in the second quarter. Alliancebernstein L.P. now owns 20,160 shares of the company’s stock valued at $155,000 after buying an additional 5,600 shares during the last quarter. Hedge funds and other institutional investors own 78.25% of the company’s stock.
RetailMeNot Company Profile
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.
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