RetailMeNot Inc. (NASDAQ:SALE) was downgraded by Stifel Nicolaus from a “hold” rating to a “sell” rating in a research report issued on Monday. They currently have a $9.00 target price on the stock. Stifel Nicolaus’ price objective would indicate a potential downside of 3.23% from the company’s current price.
SALE has been the topic of a number of other reports. Jefferies Group reiterated a “buy” rating and issued a $12.50 target price on shares of RetailMeNot in a research note on Monday, August 15th. Wedbush set a $10.00 price target on RetailMeNot and gave the company a “neutral” rating in a report on Wednesday, August 3rd. Dougherty & Co began coverage on RetailMeNot in a report on Thursday, August 25th. They set a “buy” rating and a $15.00 price target on the stock. Zacks Investment Research raised RetailMeNot from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a report on Saturday, August 6th. Finally, Morgan Stanley lowered RetailMeNot from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $11.49 to $8.60 in a report on Monday, September 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $12.46.
RetailMeNot (NASDAQ:SALE) opened at 9.30 on Monday. The stock has a market capitalization of $452.69 million, a price-to-earnings ratio of 53.14 and a beta of 0.75. The firm has a 50-day moving average of $11.27 and a 200-day moving average of $8.74. RetailMeNot has a 12-month low of $5.52 and a 12-month high of $12.93.
RetailMeNot (NASDAQ:SALE) last posted its earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The company had revenue of $64.20 million for the quarter, compared to analysts’ expectations of $62.89 million. RetailMeNot had a return on equity of 4.35% and a net margin of 3.49%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. Equities research analysts forecast that RetailMeNot will post $0.59 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of 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 in the last quarter. 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 in the last quarter. Acadian Asset Management LLC boosted its position in shares of RetailMeNot by 175.0% in the first quarter. Acadian Asset Management LLC now owns 620,518 shares of the company’s stock worth $4,972,000 after buying an additional 394,850 shares in 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 in the last quarter. Finally, 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 in the last quarter. 78.25% of the stock is currently owned by hedge funds and other 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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