RetailMeNot Inc. (SALE) Stock Price Down 8.8%

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RetailMeNot Inc. (NASDAQ:SALE)’s share price traded down 8.8% on Monday . The company traded as low as $10.28 and last traded at $10.48, with a volume of 493,936 shares. The stock had previously closed at $11.49.
A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of RetailMeNot from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research report on Saturday, August 6th. Jefferies Group restated a “buy” rating on shares of RetailMeNot in a research report on Monday, July 11th. TheStreet upgraded shares of RetailMeNot from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Wedbush set a $10.00 price objective on shares of RetailMeNot and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. Finally, Dougherty & Co assumed coverage on shares of RetailMeNot in a research report on Thursday, August 25th. They set a “buy” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.01.
The stock has a market capitalization of $520.83 million, a PE ratio of 61.14 and a beta of 0.75. The stock’s 50 day moving average price is $10.73 and its 200 day moving average price is $8.50.

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RetailMeNot (NASDAQ:SALE) last issued its earnings results on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.04 by $0.06. The company had revenue of $64.20 million for the quarter, compared to analyst estimates of $62.89 million. RetailMeNot had a net margin of 3.49% and a return on equity of 4.35%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. On average, equities research analysts expect that RetailMeNot Inc. will post $0.59 EPS for the current fiscal year.
RetailMeNot Company Profile
RetailMeNot Inc operates a digital savings destination connecting consumers 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 consumers to search for, discover and redeem digital offers from retailers and brands.

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