RetailMeNot Inc (SALE) : Adams Street Partners reduced its stake in RetailMeNot Inc by 56.13% during the most recent quarter end. The investment management company now holds a total of 601,762 shares of RetailMeNot Inc which is valued at $4.3 Million after selling 769,819 shares in RetailMeNot Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.RetailMeNot Inc makes up approximately 0.77% of Adams Street Partners’s portfolio.
Other Hedge Funds, Including , Group One Trading reduced its stake in SALE by selling 21,895 shares or 70.88% in the most recent quarter. The Hedge Fund company now holds 8,996 shares of SALE which is valued at $63,602. RetailMeNot Inc makes up approx 0.01% of Group One Trading’s portfolio. Landscape Capital Management L.l.c. sold out all of its stake in SALE during the most recent quarter. The investment firm sold 44,107 shares of SALE which is valued $311,836.Secor Capital Advisors Lp reduced its stake in SALE by selling 47,289 shares or 82.43% in the most recent quarter. The Hedge Fund company now holds 10,079 shares of SALE which is valued at $71,259. RetailMeNot Inc makes up approx 0.01% of Secor Capital Advisors Lp’s portfolio.Teachers Advisors Inc boosted its stake in SALE in the latest quarter, The investment management firm added 21,565 additional shares and now holds a total of 82,496 shares of RetailMeNot Inc which is valued at $599,746.Globeflex Capital L P reduced its stake in SALE by selling 67,509 shares or 99.87% in the most recent quarter. The Hedge Fund company now holds 86 shares of SALE which is valued at $625.
RetailMeNot Inc opened for trading at $6.85 and hit $7.18 on the upside on Friday, eventually ending the session at $7.1, with a gain of 3.95% or 0.27 points. The heightened volatility saw the trading volume jump to 2,75,637 shares. Company has a market cap of $346 M.
On the company’s financial health, RetailMeNot Inc reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.12. The company had revenue of $54.60 million for the quarter, compared to analysts expectations of $54.35 million. The company’s revenue was down -9.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 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.
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.