RetailMeNot Inc (SALE) Receives $10.65 Consensus PT from Brokerages

RetailMeNot Inc (NASDAQ:SALE) has been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $10.65.

Separately, Royal Bank Of Canada reissued a “hold” rating and set a $11.60 price target on shares of RetailMeNot in a report on Friday, May 19th.

Shares of RetailMeNot (NASDAQ:SALE) traded up 0.000% during mid-day trading on Friday, hitting $11.575. RetailMeNot has a one year low of $6.83 and a one year high of $12.93. The stock’s 50 day moving average is $11.02 and its 200-day moving average is $9.51.

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A number of institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its position in shares of RetailMeNot by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 38,560 shares of the technology company’s stock worth $312,000 after buying an additional 5,380 shares in the last quarter. Credit Suisse AG boosted its position in shares of RetailMeNot by 175.4% in the first quarter. Credit Suisse AG now owns 92,273 shares of the technology company’s stock worth $747,000 after buying an additional 58,770 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of RetailMeNot by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 147,334 shares of the technology company’s stock worth $1,194,000 after buying an additional 8,379 shares in the last quarter. KCG Holdings Inc. boosted its position in shares of RetailMeNot by 18.9% in the first quarter. KCG Holdings Inc. now owns 24,873 shares of the technology company’s stock worth $201,000 after buying an additional 3,951 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of RetailMeNot by 61.1% in the first quarter. Morgan Stanley now owns 215,057 shares of the technology company’s stock worth $1,743,000 after buying an additional 81,536 shares in the last quarter. 81.00% of the stock is currently owned by institutional investors.

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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