Somewhat Positive Press Coverage Somewhat Unlikely to Impact Bankrate (RATE) Share Price
Headlines about Bankrate (NYSE:RATE) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bankrate earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.6069483227063 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Bankrate (RATE) remained flat at $13.95 during trading on Monday. The company had a trading volume of 153,009 shares. The stock’s 50-day moving average is $13.91 and its 200-day moving average is $12.50. Bankrate has a 1-year low of $7.10 and a 1-year high of $14.25. The stock’s market capitalization is $1.24 billion.
Bankrate (NYSE:RATE) last posted its quarterly earnings results on Monday, August 7th. The bank reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). Bankrate had a negative net margin of 4.61% and a positive return on equity of 6.50%. The company had revenue of $115.90 million during the quarter, compared to analyst estimates of $117.60 million. During the same period in the prior year, the business posted $0.01 EPS. Bankrate’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities research analysts predict that Bankrate will post $0.70 earnings per share for the current fiscal year.
A number of brokerages have recently commented on RATE. BidaskClub cut Bankrate from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Needham & Company LLC cut Bankrate from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Sidoti cut Bankrate from a “buy” rating to a “neutral” rating and set a $14.00 target price for the company. in a report on Monday, July 3rd. Zacks Investment Research cut Bankrate from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Stephens cut Bankrate from an “overweight” rating to an “equal weight” rating and set a $14.00 target price for the company. in a report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.33.
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Bankrate, Inc 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. The Company’s segments include Banking, Credit Cards, Senior Care and Other.
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