Bankrate Inc. (NYSE:RATE)‘s stock had its “hold” rating restated by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday. They currently have a $9.00 price target on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 11.11% from the company’s current price.
Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Bankrate from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Wednesday, August 10th. Loop Capital assumed coverage on Bankrate in a research report on Wednesday, August 10th. They issued a “hold” rating and a $9.00 price objective for the company. Compass Point assumed coverage on Bankrate in a research report on Thursday, June 2nd. They issued a “neutral” rating and a $9.00 price objective for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price objective on shares of Bankrate in a research report on Tuesday, July 19th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.85.
Bankrate (NYSE:RATE) opened at 8.10 on Tuesday. The firm’s market cap is $720.64 million. Bankrate has a one year low of $6.59 and a one year high of $15.80. The firm’s 50-day moving average price is $7.94 and its 200 day moving average price is $8.38.
Bankrate (NYSE:RATE) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. Bankrate had a positive return on equity of 7.93% and a negative net margin of 13.93%. The business earned $98.30 million during the quarter, compared to analyst estimates of $96.08 million. During the same period in the previous year, the firm earned $0.16 EPS. Bankrate’s quarterly revenue was up 10.1% compared to the same quarter last year. On average, equities research analysts forecast that Bankrate will post $0.54 EPS for the current year.
Several large investors have recently made changes to their positions in RATE. Pacad Investment Ltd. bought a new stake in shares of Bankrate during the first quarter worth about $126,000. PEAK6 Investments L.P. bought a new stake in shares of Bankrate during the second quarter worth about $109,000. Legal & General Group Plc boosted 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 in the last quarter. BlackRock Inc. boosted 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 in the last quarter. Finally, Marshall Wace LLP boosted its stake 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. Institutional investors 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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