Exclusive: What’s Bankrate Inc Upside After Today’s Big Increase?

Exclusive: What's Bankrate Inc Upside After Today's Big Increase?

The stock of Bankrate Inc (NYSE:RATE) is a huge mover today! About 521,901 shares traded hands or 27.85% up from the average. Bankrate Inc (NYSE:RATE) has risen 10.70% since February 29, 2016 and is uptrending. It has underperformed by 1.51% the S&P500.
The move comes after 7 months positive chart setup for the $817.79 million company. It was reported on Oct, 4 by Barchart.com. We have $14.16 PT which if reached, will make NYSE:RATE worth $507.03 million more.

Analysts await Bankrate Inc (NYSE:RATE) to report earnings on November, 3. They expect $0.08 EPS, down 38.46% or $0.05 from last year’s $0.13 per share. RATE’s profit will be $7.49 million for 27.31 P/E if the $0.08 EPS becomes a reality. After $0.08 actual EPS reported by Bankrate Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Bankrate Inc (NYSE:RATE) Ratings Coverage

Out of 9 analysts covering Bankrate (NYSE:RATE), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Bankrate has been the topic of 14 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Thursday, September 3 by Stephens. The stock of Bankrate Inc (NYSE:RATE) has “Buy” rating given on Wednesday, November 18 by Topeka Capital Markets. As per Thursday, August 11, the company rating was initiated by Loop Capital. The firm earned “Outperform” rating on Wednesday, August 5 by RBC Capital Markets. The firm has “Neutral” rating by Goldman Sachs given on Friday, February 26. The stock of Bankrate Inc (NYSE:RATE) has “Buy” rating given on Monday, November 9 by Bank of America. On Thursday, February 25 the stock rating was downgraded by Topeka Capital Markets to “Hold”. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, February 25. Needham maintained the stock with “Buy” rating in Monday, November 23 report.

According to Zacks Investment Research, “Bankrate Inc. is an aggregator of financial rate information. It offers rate data and financial content. Its flagship Web site, Bankrate.com, provides free rate information to consumers on more than 300 financial products, including mortgages, credit cards, new and used automobile loans, money market accounts, certificates of deposit, ATM fees, home equity loans and online banking fees. In addition to rate data, the Company publishes original and objective personal finance stories to help consumers make financial decisions. Through its Online Network, which includes Bankrate.com, Interest.com, Nationwidecardservices.com, creditcardsearchengine.com, Insureme.com, Savingforcollege.com, Mortgage-calc.com, Feedisclosure.com, and Bankrate.com.cn, as well as co-branded web sites hosted by its network, it provides the tools and information of products and services that can help consumers make financial decisions. Bankrate Inc., formally known as ilife.com Inc., is headquartered in North Palm Beach, Florida.”

Insitutional Activity: The institutional sentiment decreased to 1.45 in 2016 Q2. Its down 0.28, from 1.73 in 2016Q1. The ratio fall, as 17 funds sold all Bankrate Inc shares owned while 32 reduced positions. 30 funds bought stakes while 41 increased positions. They now own 40.73 million shares or 11.44% less from 45.99 million shares in 2016Q1.
Rothschild Asset owns 38,085 shares or 0.01% of their US portfolio. The New York-based Morgan Stanley has invested 0% in Bankrate Inc (NYSE:RATE). Prudential Financial reported 764,595 shares or 0.01% of all its holdings. The Washington-based Parametric Portfolio Assoc Ltd Liability has invested 0% in Bankrate Inc (NYSE:RATE). Cornerstone Hldgs Ltd Liability accumulated 242,500 shares or 0.01% of the stock. Metropolitan Life Insurance Communications Ny owns 46,588 shares or 0% of their US portfolio. Pnc Fin Services Gru accumulated 431 shares or 0% of the stock. Oaktop Cap Ii Limited Partnership reported 1.13 million shares or 2.05% of all its holdings. Ubs Asset Management Americas has 32,798 shares for 0% of their US portfolio. National Bank & Trust Of New York Mellon Corp accumulated 288,666 shares or 0% of the stock. Ahl Prtnrs Limited Liability Partnership has 20,917 shares for 0.01% of their US portfolio. Elk Creek Prtnrs Limited Company accumulated 1.22 million shares or 0.57% of the stock. Millennium Management Limited Liability accumulated 825,616 shares or 0.01% of the stock. Spark Mgmt Llc reported 597,400 shares or 0.42% of all its holdings. Credit Suisse Ag owns 92,339 shares or 0% of their US portfolio.

More notable recent Bankrate Inc (NYSE:RATE) news were published by: Prnewswire.com which released: “Bankrate, Inc. Agrees To Acquire NextAdvisor Business” on May 05, 2016, also Finance.Yahoo.com with their article: “Bankrate Inc. reports 2Q loss” published on August 04, 2016, Fool.com published: “Why BankRate, Inc. Stock Is Plunging Today” on February 25, 2016. More interesting news about Bankrate Inc (NYSE:RATE) were released by: Prnewswire.com and their article: “Genstar Capital-Backed All Web Leads Acquires Bankrate, Inc.’s Insurance Division” published on November 05, 2015 as well as Stltoday.com‘s news article titled: “BANKRATE INC – Ad from 2016-09-30” with publication date: September 30, 2016.

RATE Company Profile

Bankrate, Inc. (Bankrate), incorporated on April 13, 2011, is a publisher, aggregator and distributor of personal finance content on the Internet. The Firm provides clients personal finance editorial content across multiple vertical categories, including mortgages, deposits, credit cards, senior care and other personal finance categories. The Firm operates through divisions, including Banking, Credit Cards, Senior Care and Other. The Firm provides a range of digital display advertising formats. The Firm sells to advertisers targeting a specific audience in a city or state and also to national advertisers targeting the entire Country. The Firm is also engaged in the sale of print advertisements and the distribution (or syndication) of its editorial content.

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