The RetailMeNot Inc (SALE) Receives Consensus Recommendation of “Hold” from Brokerages

The RetailMeNot Inc (SALE) Receives Consensus Recommendation of “Hold” from Brokerages

Several research analysts recently issued reports on SALE shares. Loop Capital reiterated a “market perform” rating and issued a $11.50 price target on shares of RetailMeNot in a research note on Friday, April 14th. Credit Suisse Group AG reiterated a “sell” rating and issued a $9.00 price target on shares of RetailMeNot in a research note on Thursday, February 16th. Jefferies Group LLC increased their price target on shares of RetailMeNot from $11.50 to $12.00 and gave the stock a “positive” rating in a research note on Wednesday, February 15th. Stifel Nicolaus reiterated a “hold” rating on shares of RetailMeNot in a research note on Friday, February 17th. Finally, Dougherty & Co lowered shares of RetailMeNot from a “buy” rating to a “sell” rating and set a $11.60 price target for the company. in a research note on Tuesday, April 11th.

Shares of RetailMeNot Inc (NASDAQ:SALE) have earned an average recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $10.56.

In other RetailMeNot news, VP Thomas Aylor sold 4,855 shares of RetailMeNot stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $8.20, for a total transaction of $39,811.00. Following the transaction, the vice president now owns 39,379 shares of the company’s stock, valued at $322,907.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Rogers sold 4,899 shares of RetailMeNot stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $11.55, for a total transaction of $56,583.45. Following the transaction, the insider now directly owns 110,777 shares in the company, valued at approximately $1,279,474.35. The disclosure for this sale can be found here. In the last three months, insiders sold 10,005 shares of company stock worth $99,294. 18.60% of the stock is currently owned by insiders. Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in RetailMeNot during the fourth quarter worth $6,739,000. Dimensional Fund Advisors LP boosted its position in RetailMeNot by 23.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,227,659 shares of the technology company’s stock worth $20,717,000 after buying an additional 424,721 shares during the period. JPMorgan Chase & Co. raised its stake in shares of RetailMeNot by 9.2% in the first quarter. JPMorgan Chase & Co. now owns 4,651,261 shares of the technology company’s stock worth $37,675,000 after buying an additional 391,852 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of RetailMeNot during the fourth quarter worth about $3,115,000. Finally, UBS Group AG raised its stake in shares of RetailMeNot by 3,745.2% in the first quarter. UBS Group AG now owns 323,917 shares of the technology company’s stock worth $2,624,000 after buying an additional 315,493 shares in the last quarter. Institutional investors and hedge funds own 81.00% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SALE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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