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 equities research analysts have also commented on the stock. Jefferies Group restated a buy rating and issued a $12.50 price target (up previously from $10.00) on shares of RetailMeNot in a report on Thursday, August 4th. Loop Capital began coverage on shares of RetailMeNot in a report on Tuesday, September 13th. They issued a hold rating and a $11.00 price target for the company. Wedbush set a $10.00 price target on shares of RetailMeNot and gave the company a neutral rating in a report on Wednesday, August 3rd. Morgan Stanley lowered shares of RetailMeNot from an equal weight rating to an underweight rating and reduced their price target for the company from $11.49 to $8.60 in a report on Monday, September 12th. Finally, TheStreet upgraded shares of RetailMeNot from a sell rating to a hold rating in a report on Monday, July 18th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $12.46.
RetailMeNot (NASDAQ:SALE) opened at 9.55 on Wednesday. RetailMeNot has a 12 month low of $5.52 and a 12 month high of $12.93. The company has a market cap of $464.86 million, a P/E ratio of 54.57 and a beta of 0.78. The company’s 50-day moving average is $10.79 and its 200-day moving average is $8.87.
RetailMeNot (NASDAQ:SALE) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. RetailMeNot had a net margin of 3.49% and a return on equity of 4.35%. The company earned $64.20 million during the quarter, compared to analyst estimates of $62.89 million. During the same quarter last year, the business posted $0.09 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, equities research analysts expect that RetailMeNot will post $0.59 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in RetailMeNot by 17.0% in the second quarter. JPMorgan Chase & Co. now owns 4,071,583 shares of the company’s stock valued at $31,392,000 after buying an additional 592,163 shares in the last quarter. Vanguard Group Inc. increased its stake in RetailMeNot by 2.6% in the second quarter. Vanguard Group Inc. now owns 2,730,422 shares of the company’s stock valued at $21,051,000 after buying an additional 68,326 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in RetailMeNot by 15.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,585,337 shares of the company’s stock valued at $12,222,000 after buying an additional 210,304 shares in the last quarter. Renaissance Technologies LLC increased its stake in RetailMeNot by 26.0% in the first quarter. Renaissance Technologies LLC now owns 1,528,300 shares of the company’s stock valued at $12,242,000 after buying an additional 315,000 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in RetailMeNot by 22.0% in the second quarter. BlackRock Fund Advisors now owns 998,443 shares of the company’s stock valued at $7,698,000 after buying an additional 180,185 shares in the last quarter. 78.25% of the stock is currently owned by institutional investors.
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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