Bankrate (RATE) Receives Media Sentiment Rating of 0.29

Headlines about Bankrate (NYSE:RATE) have trended positive recently, Alpha One reports. Alpha One, a unit of Accern, scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bankrate earned a daily sentiment score of 0.29 on Alpha One’s scale. Alpha One also assigned news coverage about the company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the near term.

These are some of the news articles that may have effected AlphaOne’s scoring:

A number of analysts have recently weighed in on the stock. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $13.00 target price (down from $14.00) on shares of Bankrate in a research report on Monday, March 13th. Zacks Investment Research raised shares of Bankrate from a “sell” rating to a “hold” rating in a research report on Wednesday. CIBC assumed coverage on shares of Bankrate in a research report on Wednesday, February 8th. They issued an “outperform” rating and a $14.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Bankrate in a research report on Saturday, March 11th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $11.36.

Shares of Bankrate (NYSE:RATE) remained flat at $9.70 during mid-day trading on Thursday. 277,081 shares of the stock were exchanged. Bankrate has a 12 month low of $6.91 and a 12 month high of $11.90. The company’s market cap is $863.63 million. The company’s 50 day moving average price is $10.22 and its 200 day moving average price is $10.05.

Bankrate (NYSE:RATE) last posted its quarterly earnings data on Wednesday, March 8th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by $0.03. The firm had revenue of $113.60 million for the quarter, compared to analysts’ expectations of $119.85 million. Bankrate had a positive return on equity of 8.98% and a negative net margin of 6.09%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 earnings per share. On average, equities research analysts predict that Bankrate will post $0.70 earnings per share for the current fiscal year.

In other news, SVP James Gilmartin sold 5,000 shares of Bankrate stock in a transaction on Monday, March 13th. The stock was sold at an average price of $10.35, for a total transaction of $51,750.00. Following the completion of the sale, the senior vice president now directly owns 92,170 shares in the company, valued at $953,959.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven Barnhart sold 12,142 shares of Bankrate stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $10.13, for a total value of $122,998.46. Following the sale, the chief financial officer now owns 241,490 shares of the company’s stock, valued at $2,446,293.70. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

TRADEMARK VIOLATION NOTICE: “Bankrate (RATE) Receives Media Sentiment Rating of 0.29” was originally reported by sleekmoney and is owned by of sleekmoney. If you are reading this story on another website, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this story can be read at http://sleekmoney.com/bankrate-rate-receives-media-sentiment-rating-of-0-29/1739606.html.

About Bankrate

Bankrate, Inc (Bankrate) 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.

5 Day Chart for NYSE:RATE

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/bankrate-rate-receives-media-sentiment-rating-of-0-29/1739606.html

Receive News & Ratings for Bankrate Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bankrate Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *