RetailMeNot Inc (SALE) : Hamilton Lane Advisors reduced its stake in RetailMeNot Inc by 45.42% during the most recent quarter end. The investment management company now holds a total of 248,162 shares of RetailMeNot Inc which is valued at $2,087,042 after selling 206,490 shares in RetailMeNot Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.RetailMeNot Inc makes up approximately 0.98% of Hamilton Lane Advisors’s portfolio.
RetailMeNot Inc opened for trading at $8.42 and hit $8.6 on the upside on Monday, eventually ending the session at $8.46, with a gain of 0.59% or 0.05 points. The heightened volatility saw the trading volume jump to 3,53,136 shares. Company has a market cap of $419 M.
Other Hedge Funds, Including , Creative Planning reduced its stake in SALE by selling 31 shares or 46.27% in the most recent quarter. The Hedge Fund company now holds 36 shares of SALE which is valued at $282.
On the company’s financial health, RetailMeNot Inc reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.28. The company had revenue of $83.10 million for the quarter, compared to analysts expectations of $75.76 million. The company’s revenue was down -4.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on RetailMeNot Inc. Wedbush Initiated RetailMeNot Inc on Feb 23, 2016 to “Neutral”, Price Target of the shares are set at $7.Shares were Downgraded by RBC Capital Mkts on Feb 10, 2016 to ” Underperform” and Lowered the Price Target to $ 6 from a previous price target of $12 .
RetailMeNot Inc. operates digital coupon marketplace connecting consumers with retailers and brands. As of 2014 The Company had contracts with more than 10000 retailers or paid retailers. The Company owns and operates digital offer marketplaces in the United States (RetailMeNot.com) and the United Kingdom (VoucherCodes.co.uk) and a portfolio of digital offer websites in France (Bons-de-Reduction.com Poulpeo.com and Ma-Reduc.com). The company’s websites mobile applications email newsletters and alerts and social media presence enable consumers to search for discover and redeem relevant digital offers from retailers and brands. Its marketplace features digital offers across product categories including clothing; electronics; health and beauty; home and office; travel food and entertainment; personal and business services and shoes. It aggregate digital offers from retailers performance marketing networks user community employees and outsourced providers.