The stock of Bankrate Inc (NYSE:RATE) is a huge mover today! About 373,667 shares traded hands. Bankrate Inc (NYSE:RATE) has risen 6.24% since March 2, 2016 and is uptrending. It has underperformed by 2.02% the S&P500.
The move comes after 9 months negative chart setup for the $776.02 million company. It was reported on Oct, 5 by Barchart.com. We have $7.93 PT which if reached, will make NYSE:RATE worth $54.32 million less.
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 $7.28M for 26.66 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. Goldman Sachs upgraded Bankrate Inc (NYSE:RATE) on Friday, February 26 to “Neutral” rating. As per Thursday, September 3, the company rating was upgraded by Stephens. Topeka Capital Markets initiated the stock with “Buy” rating in Wednesday, November 18 report. RBC Capital Markets maintained Bankrate Inc (NYSE:RATE) rating on Wednesday, August 5. RBC Capital Markets has “Outperform” rating and $15 price target. On Thursday, February 25 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. As per Thursday, August 11, the company rating was initiated by Loop Capital. As per Monday, November 9, the company rating was upgraded by Bank of America. Topeka Capital Markets downgraded it to “Hold” rating and $9 target price in Thursday, February 25 report. On Monday, November 23 the stock rating was maintained by Needham with “Buy”.
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 Q2 2016. Its down 0.28, from 1.73 in 2016Q1. The ratio dropped, 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.
D E Shaw Inc has invested 0.02% of its portfolio in Bankrate Inc (NYSE:RATE). Schwab Charles Inv reported 181,861 shares or 0% of all its holdings. Landscape Capital Mgmt Lc has 0.1% invested in the company for 98,079 shares. The New York-based Secor Advisors Ltd Partnership has invested 0.31% in Bankrate Inc (NYSE:RATE). Capstone Inv Limited Liability Co has 0% invested in the company for 24,632 shares. Zacks Inv Mgmt, a Illinois-based fund reported 14,172 shares. American Group reported 27,301 shares or 0% of all its holdings. Tiaa Cref Investment Mgmt has 183,837 shares for 0% of their US portfolio. State Of New Jersey Common Pension Fund D last reported 0.05% of its portfolio in the stock. Citadel Advsr Llc has invested 0.01% of its portfolio in Bankrate Inc (NYSE:RATE). Renaissance Techs Limited Com owns 1.95 million shares or 0.03% of their US portfolio. Barclays Plc reported 69,014 shares or 0% of all its holdings. Numeric Limited Liability Corporation accumulated 155,900 shares or 0.01% of the stock. Loomis Sayles & Lp has 0% invested in the company for 645 shares. Swiss Commercial Bank has invested 0% of its portfolio in Bankrate Inc (NYSE:RATE).
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 Fool.com with their article: “Why BankRate, Inc. Stock Is Plunging Today” published on February 25, 2016, Prnewswire.com published: “Genstar Capital-Backed All Web Leads Acquires Bankrate, Inc.’s Insurance Division” on November 05, 2015. More interesting news about Bankrate Inc (NYSE:RATE) were released by: Prnewswire.com and their article: “Bankrate Inc. names Scott Kim as CEO of its Banking Segment, Bankrate.com” published on September 14, 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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