The stock of RetailMeNot Inc (NASDAQ:SALE) is a huge mover today! About 130,081 shares traded hands. RetailMeNot Inc (NASDAQ:SALE) has risen 10.52% since April 18, 2016 and is uptrending. It has outperformed by 6.09% the S&P500.
The move comes after 9 months positive chart setup for the $456.99 million company. It was reported on Nov, 18 by Barchart.com. We have $22.75 PT which if reached, will make NASDAQ:SALE worth $616.94M more.
RetailMeNot Inc (NASDAQ:SALE) Ratings Coverage
Out of 10 analysts covering RetailMeNot Inc (NASDAQ:SALE), 2 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 20% are positive. RetailMeNot Inc has been the topic of 11 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Morgan Stanley downgraded it to “Underweight” rating and $8.60 target price in Monday, September 12 report. Dougherty & Company maintained it with “Buy” rating and $12 target price in Wednesday, November 2 report. The company was initiated on Tuesday, February 23 by Wedbush. The firm earned “Buy” rating on Thursday, August 25 by Dougherty & Company. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, August 6. Loop Capital initiated RetailMeNot Inc (NASDAQ:SALE) rating on Wednesday, September 14. Loop Capital has “Hold” rating and $11 price target. The firm has “Sell” rating by Stifel Nicolaus given on Monday, September 26. On Thursday, September 29 the stock rating was initiated by Boenning & Scattergood with “Neutral”. The stock of RetailMeNot Inc (NASDAQ:SALE) earned “Market Perform” rating by William Blair on Thursday, August 6. The firm earned “Sell” rating on Tuesday, September 1 by Zacks.
According to Zacks Investment Research, “RetailMeNot, Inc. operates as a digital coupon marketplace that connects consumers with retailers and brands. It offers online deal information that enables users to purchase goods and services at a discount. The company’s portfolio of coupon and deal websites includes www.RetailMeNot.com, www.RetailMeNot.ca, www.VoucherCodes.co.uk, www.Deals.com, www.Actiepagina.nl, Bons-de-Reduction.com, www.ma-Reduc.com, www.Poulpeo.com and www.Deals2Buy.com. RetailMeNot, Inc. is headquartered in Austin, Texas.”
Insitutional Activity: The institutional sentiment decreased to 1.15 in 2016 Q2. Its down 0.05, from 1.2 in 2016Q1. The ratio turned negative, as 14 funds sold all RetailMeNot Inc shares owned while 37 reduced positions. 16 funds bought stakes while 45 increased positions. They now own 37.57 million shares or 4.63% more from 35.91 million shares in 2016Q1.
Axa reported 8,800 shares or 0% of all its holdings. California Employees Retirement System owns 510,800 shares or 0.01% of their US portfolio. Hamilton Lane Limited Company has 94,862 shares for 0.33% of their US portfolio. The Georgia-based Voya Inv Mgmt Ltd Liability Co has invested 0% in RetailMeNot Inc (NASDAQ:SALE). Matarin Cap Mngmt Limited Liability Corp holds 0% or 504,963 shares in its portfolio. Nine Chapters Lc last reported 2.4% of its portfolio in the stock. Norwest Venture Prtn Xi Limited Partnership accumulated 3.59M shares or 82.74% of the stock. Metropolitan Life Insurance Company New York, a New York-based fund reported 27,331 shares. Legal & General Group Plc, a United Kingdom-based fund reported 6,402 shares. Federated Invsts Incorporated Pa holds 0% or 67,169 shares in its portfolio. Citigroup accumulated 0% or 15,036 shares. Royal Bancorporation Of Canada owns 200 shares or 0% of their US portfolio. Livingston Asset Management (Operating As Southport Capital Management) accumulated 30 shares or 0% of the stock. Moreover, Lsv Asset Management has 0% invested in RetailMeNot Inc (NASDAQ:SALE) for 14,900 shares. Smith Asset Mgmt Gru Lp has 0.01% invested in the company for 40,240 shares.
Insider Transactions: Since November 4, 2016, the stock had 0 insider purchases, and 1 sale for $19,947 net activity. The insider Rajaram Gokul sold $19,947.
More notable recent RetailMeNot Inc (NASDAQ:SALE) news were published by: Prnewswire.com which released: “RetailMeNot to Present at Credit Suisse’s Annual Technology, Media & Telecom …” on November 17, 2016, also Fool.com with their article: “Why RetailMeNot, Inc. Stock Plunged 12.6% in September” published on October 10, 2016, Prnewswire.com published: “RetailMeNot, Inc. to Announce Third Quarter 2016 Financial Results on November …” on October 11, 2016. More interesting news about RetailMeNot Inc (NASDAQ:SALE) were released by: Prnewswire.com and their article: “RetailMeNot, Inc. Announces Third Quarter 2016 Financial Results” published on November 01, 2016 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: RetailMeNot, Inc., 55.6% Follow-Through Indicator …” with publication date: November 01, 2016.
SALE Company Profile
RetailMeNot Inc., incorporated on September 17, 2007, operates a digital savings destination connecting clients with retailers, restaurants and brands, both online and in-store. The Company’s marketplace features over 800,000 digital offers each month. The Company’s Websites, mobile applications, e-mail newsletters and alerts and social media presence enable clients to search for, discover and redeem digital offers from retailers and brands. The Company’s marketplace features digital offers across multiple product categories, including clothing, electronics, health and beauty, home and office, travel, dining and entertainment, personal and business services, and shoes. The Company’s primary Websites and mobile applications include RetailMeNot.com, VoucherCodes.co.uk, Poulpeo.com, RetailMeNot.de, Actiepagina.nl, Ma-Reduc.com, and iPhone and Android. It aggregates digital offers from retailers, performance marketing networks, user community, employees and outsourced providers.
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