Adams Street Partners Exits Position in RetailMeNot Inc (SALE)

RetailMeNot Inc (SALE) : Adams Street Partners has sold out all of its stake in RetailMeNot Inc during the most recent quarter, according to the disclosure filed by the company on Aug 10, 2016 with the SEC. The investment management company has sold out 601,762 shares of RetailMeNot Inc which is valued at $6,890,175.

Other Hedge Funds, Including , New York State Common Retirement Fund reduced its stake in SALE by selling 6,487 shares or 5.11% in the most recent quarter. The Hedge Fund company now holds 120,521 shares of SALE which is valued at $1,379,965.Oxford Asset Management boosted its stake in SALE in the latest quarter, The investment management firm added 226,283 additional shares and now holds a total of 281,855 shares of RetailMeNot Inc which is valued at $3,151,139. RetailMeNot Inc makes up approx 0.12% of Oxford Asset Management’s portfolio.Gsa Capital Partners Llp reduced its stake in SALE by selling 111,125 shares or 53.28% in the most recent quarter. The Hedge Fund company now holds 97,439 shares of SALE which is valued at $990,955. RetailMeNot Inc makes up approx 0.05% of Gsa Capital Partners Llp’s portfolio. Simplex Trading sold out all of its stake in SALE during the most recent quarter. The investment firm sold 723 shares of SALE which is valued $6,037.

RetailMeNot Inc closed down -0.82 points or -6.41% at $11.97 with 6,97,972 shares getting traded on Friday. Post opening the session at $12.79, the shares hit an intraday low of $11.7 and an intraday high of $12.93 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, RetailMeNot Inc reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.04. The company had revenue of $64.20 million for the quarter, compared to analysts expectations of $62.89 million. The company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on RetailMeNot Inc. Company shares were Reiterated by Wedbush on Aug 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 10 from a previous price target of $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.

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