Shares of RetailMeNot Inc (NASDAQ:SALE) have earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and eight have given a hold recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.56.
A number of analysts recently commented on the stock. Dougherty & Co downgraded shares of RetailMeNot from a “buy” rating to a “sell” rating and set a $11.60 price objective on the stock. in a report on Tuesday, April 11th. Jefferies Group LLC downgraded shares of RetailMeNot from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $12.00 to $11.60 in a report on Tuesday, April 11th. Royal Bank Of Canada reissued a “hold” rating and set a $11.60 price objective on shares of RetailMeNot in a report on Friday, May 19th. Finally, Loop Capital reissued a “market perform” rating and set a $11.50 price objective on shares of RetailMeNot in a report on Friday, April 14th.
In other RetailMeNot news, insider Paul Rogers sold 4,899 shares of the company’s stock in a transaction dated Tuesday, April 11th. The shares were sold at an average price of $11.55, for a total value of $56,583.45. Following the sale, the insider now owns 110,777 shares of the company’s stock, valued at $1,279,474.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 18.60% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Princeton Alpha Management LP purchased a new position in RetailMeNot during the first quarter worth $100,000. American International Group Inc. raised its position in RetailMeNot by 7.1% in the first quarter. American International Group Inc. now owns 23,742 shares of the technology company’s stock worth $192,000 after buying an additional 1,567 shares in the last quarter. KCG Holdings Inc. raised its position in 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. Boothbay Fund Management LLC raised its position in RetailMeNot by 31.3% in the fourth quarter. Boothbay Fund Management LLC now owns 23,224 shares of the technology company’s stock worth $216,000 after buying an additional 5,532 shares in the last quarter. Finally, Globeflex Capital L P raised its position in RetailMeNot by 26.9% in the first quarter. Globeflex Capital L P now owns 28,800 shares of the technology company’s stock worth $233,000 after buying an additional 6,100 shares in the last quarter. 81.00% of the stock is owned by institutional investors and hedge funds.
Shares of RetailMeNot (NASDAQ:SALE) traded up 0.000% on Tuesday, reaching $11.575. The stock has a 50 day moving average of $11.02 and a 200 day moving average of $9.51. RetailMeNot has a 52-week low of $6.83 and a 52-week high of $12.93.
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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