Zacks Investment Research downgraded shares of RetailMeNot Inc. (NASDAQ:SALE) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

According to Zacks, “RetailMeNot, Inc. operates as a digital coupon marketplace that connects consumers with retailers and brands. It offers online deal information that enables users to purchase goods and services at a discount. The company’s portfolio of coupon and deal websites includes www.RetailMeNot.com, www.RetailMeNot.ca, www.VoucherCodes.co.uk, www.Deals.com, www.Actiepagina.nl, Bons-de-Reduction.com, www.ma-Reduc.com, www.Poulpeo.com and www.Deals2Buy.com. RetailMeNot, Inc. is headquartered in Austin, Texas. “

Several other research firms have also weighed in on SALE. Loop Capital started coverage on RetailMeNot in a research report on Tuesday, September 13th. They set a hold rating and a $11.00 price target on the stock. TheStreet raised RetailMeNot from a sell rating to a hold rating in a research report on Monday, July 18th. Morgan Stanley lowered RetailMeNot from an equal weight rating to an underweight rating and lowered their price target for the stock from $11.49 to $8.60 in a research report on Monday, September 12th. Stifel Nicolaus lowered RetailMeNot from a hold rating to a sell rating and set a $9.00 price target on the stock. in a research report on Monday, September 26th. Finally, Jefferies Group reaffirmed a buy rating and set a $12.50 price target (up previously from $10.00) on shares of RetailMeNot in a research report on Thursday, August 4th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $12.46.

Shares of RetailMeNot (NASDAQ:SALE) traded down 1.36% on Wednesday, hitting $9.46. The company had a trading volume of 13,572 shares. The company has a market capitalization of $460.48 million, a P/E ratio of 54.06 and a beta of 0.78. The firm has a 50-day moving average price of $10.66 and a 200 day moving average price of $8.87. RetailMeNot has a 12-month low of $5.52 and a 12-month high of $12.93.

RetailMeNot (NASDAQ:SALE) last announced its earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business 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 expect that RetailMeNot will post $0.59 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in RetailMeNot by 83.4% in the first quarter. JPMorgan Chase & Co. now owns 3,479,420 shares of the company’s stock worth $27,870,000 after buying an additional 1,581,895 shares during the period. Numeric Investors LLC boosted its position in shares of RetailMeNot by 236.9% in the second quarter. Numeric Investors LLC now owns 561,562 shares of the company’s stock worth $4,330,000 after buying an additional 394,900 shares during the last quarter. AJO LP boosted its position in shares of RetailMeNot by 114.0% in the second quarter. AJO LP now owns 703,737 shares of the company’s stock worth $5,426,000 after buying an additional 374,933 shares during the last quarter. Spark Investment Management LLC boosted its position in shares of RetailMeNot by 222.1% in the first quarter. Spark Investment Management LLC now owns 525,100 shares of the company’s stock worth $4,206,000 after buying an additional 362,100 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of RetailMeNot by 899.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 377,866 shares of the company’s stock worth $3,027,000 after buying an additional 340,067 shares during the last quarter. 78.25% of the stock is owned by institutional investors.

About RetailMeNot

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.

5 Day Chart for NASDAQ:SALE

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