Shares of Bankrate, Inc. (NYSE:RATE) have been given a consensus rating of “Hold” by the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.00.
Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Bankrate from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Stephens downgraded Bankrate from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a report on Friday, July 7th. BidaskClub downgraded Bankrate from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Sidoti downgraded Bankrate from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a report on Monday, July 3rd. Finally, Needham & Company LLC downgraded Bankrate from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th.
Bankrate (RATE) remained flat at $13.90 during mid-day trading on Thursday. The company had a trading volume of 1,954,830 shares. The firm’s market cap is $1.24 billion. Bankrate has a 52 week low of $7.10 and a 52 week high of $14.25. The stock has a 50 day moving average price of $13.92 and a 200-day moving average price of $12.72.
Bankrate (NYSE:RATE) last released its quarterly earnings data on Monday, August 7th. The bank reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The company had revenue of $115.90 million during the quarter, compared to analyst estimates of $117.60 million. Bankrate had a negative net margin of 4.61% and a positive return on equity of 6.50%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. On average, equities research analysts predict that Bankrate will post $0.70 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Bankrate by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,931,727 shares of the bank’s stock worth $50,522,000 after buying an additional 330,048 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Bankrate by 6.9% during the first quarter. Renaissance Technologies LLC now owns 1,403,000 shares of the bank’s stock worth $13,539,000 after buying an additional 91,042 shares in the last quarter. Oaktop Capital Management II L.P. acquired a new stake in shares of Bankrate during the second quarter worth $14,501,000. Thrivent Financial For Lutherans lifted its holdings in shares of Bankrate by 905.3% during the second quarter. Thrivent Financial For Lutherans now owns 1,014,059 shares of the bank’s stock worth $13,031,000 after buying an additional 913,189 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Bankrate by 64.2% during the second quarter. JPMorgan Chase & Co. now owns 564,593 shares of the bank’s stock worth $7,255,000 after buying an additional 220,712 shares in the last quarter. 47.40% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Bankrate, Inc. (RATE) Receives $13.00 Consensus Price Target from Brokerages” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://www.com-unik.info/2017/10/31/bankrate-inc-rate-receives-13-00-consensus-price-target-from-brokerages.html.
Bankrate Company Profile
Bankrate, Inc 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. The Company’s segments include Banking, Credit Cards, Senior Care and Other.
What are top analysts saying about Bankrate Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bankrate Inc. and related companies.