RetailMeNot Inc (NASDAQ:SALE)‘s stock had its “market perform” rating reiterated by equities research analysts at Loop Capital in a research note issued on Friday, April 14th. They currently have a $11.50 price objective on the technology company’s stock. Loop Capital’s price objective indicates a potential downside of 0.86% from the stock’s previous close.
Several other research firms have also recently commented on SALE. Dougherty & Co cut shares of RetailMeNot from a “buy” rating to a “sell” rating and set a $11.60 target price for the company. in a research note on Tuesday, April 11th. Jefferies Group LLC cut shares of RetailMeNot from a “buy” rating to a “hold” rating and reduced their target price for the stock from $12.00 to $11.60 in a research note on Tuesday, April 11th. Royal Bank of Canada upgraded shares of RetailMeNot from an “underperform” rating to a “sector perform” rating and raised their target price for the stock from $10.00 to $11.60 in a research note on Tuesday, April 11th. Stifel Nicolaus restated a “hold” rating on shares of RetailMeNot in a research note on Friday, February 17th. Finally, Credit Suisse Group AG restated a “sell” rating and issued a $9.00 target price on shares of RetailMeNot in a research note on Thursday, February 16th. Three analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $10.27.
Shares of RetailMeNot (NASDAQ:SALE) traded down 0.216% during mid-day trading on Friday, hitting $11.575. The stock had a trading volume of 204,431 shares. The company’s 50 day moving average is $10.72 and its 200-day moving average is $9.44. The stock’s market cap is $559.74 million. RetailMeNot has a 52-week low of $6.83 and a 52-week high of $12.93.
In other RetailMeNot news, insider Paul Rogers sold 4,899 shares of the firm’s stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $11.55, for a total transaction of $56,583.45. Following the completion of the transaction, the insider now directly owns 110,777 shares in the company, valued at approximately $1,279,474.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas Aylor sold 4,855 shares of RetailMeNot stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $8.20, for a total transaction of $39,811.00. Following the sale, the vice president now owns 39,379 shares of the company’s stock, valued at $322,907.80. The disclosure for this sale can be found here. Company insiders own 18.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SALE. Chicago Equity Partners LLC bought a new stake in RetailMeNot during the third quarter valued at about $599,000. Rothschild Asset Management Inc. boosted its stake in RetailMeNot by 0.4% in the third quarter. Rothschild Asset Management Inc. now owns 233,287 shares of the technology company’s stock valued at $2,307,000 after buying an additional 830 shares in the last quarter. Alambic Investment Management L.P. boosted its stake in RetailMeNot by 38.4% in the third quarter. Alambic Investment Management L.P. now owns 63,100 shares of the technology company’s stock valued at $624,000 after buying an additional 17,500 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of RetailMeNot by 24.1% in the third quarter. Wells Fargo & Company MN now owns 14,114 shares of the technology company’s stock worth $140,000 after buying an additional 2,739 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of RetailMeNot by 1.0% in the third quarter. JPMorgan Chase & Co. now owns 4,113,195 shares of the technology company’s stock worth $40,679,000 after buying an additional 41,612 shares during the period. 81.00% of the stock is currently owned by institutional investors and hedge funds.
RetailMeNot Company Profile
RetailMeNot Inc operates a savings destination connecting consumers with retailers, restaurants and brands, both online and in-store. The Company operates through two segments: Core and Gift Card. The Core segment consists of all other products and services that are related to its marketplace for digital offers.
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