Shares of Bankrate Inc. (NYSE:RATE) have been given an average rating of “Hold” by the eleven research firms that are presently covering the stock. Eight analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.14.
A number of equities research analysts have weighed in on RATE shares. Needham & Company LLC reissued a “buy” rating and set a $15.00 target price on shares of Bankrate in a report on Tuesday, July 19th. Zacks Investment Research upgraded shares of Bankrate from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Wednesday, August 10th. JPMorgan Chase & Co. restated a “hold” rating and issued a $9.00 price target on shares of Bankrate in a research report on Tuesday. Loop Capital started coverage on shares of Bankrate in a research report on Wednesday, August 10th. They issued a “hold” rating and a $9.00 price target on the stock. Finally, Compass Point started coverage on shares of Bankrate in a research report on Thursday, June 2nd. They issued a “neutral” rating and a $9.00 price target on the stock.
Bankrate (NYSE:RATE) opened at 8.24 on Friday. Bankrate has a 52-week low of $6.59 and a 52-week high of $15.80. The company has a 50-day moving average of $7.93 and a 200-day moving average of $8.37. The company’s market cap is $733.10 million.
Bankrate (NYSE:RATE) last posted its earnings results on Thursday, August 4th. The company reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11. Bankrate had a negative net margin of 13.93% and a positive return on equity of 7.93%. The firm had revenue of $98.30 million for the quarter, compared to analyst estimates of $96.08 million. During the same period in the previous year, the firm posted $0.16 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, equities research analysts expect that Bankrate will post $0.54 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in RATE. PEAK6 Investments L.P. acquired a new stake in shares of Bankrate during the second quarter worth approximately $109,000. BlackRock Inc. raised its stake in shares of Bankrate by 278.7% in the second quarter. BlackRock Inc. now owns 15,671 shares of the company’s stock worth $118,000 after buying an additional 11,533 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Bankrate during the first quarter worth approximately $126,000. Legal & General Group Plc raised its stake in shares of 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. Finally, Marshall Wace LLP raised its stake in shares of 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. Institutional investors and hedge funds own 47.63% of the company’s stock.
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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