Bankrate Inc (RATE) is Initiated by Loop Capital to Hold, Price Target at $9

Bankrate Inc (RATE) was Initiated by Loop Capital to “Hold” and the brokerage firm has set the Price Target at $9. Loop Capital advised their investors in a research report released on Aug 11, 2016.

Many Wall Street Analysts have commented on Bankrate Inc. Compass Point Initiated Bankrate Inc on Jun 2, 2016 to “Neutral”, Price Target of the shares are set at $9.

On the company’s financial health, Bankrate Inc reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.10. The company had revenue of $98.30 million for the quarter, compared to analysts expectations of $95.81 million. The company’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Bankrate Inc opened for trading at $7.86 and hit $8.67 on the upside on Monday, eventually ending the session at $8.59, with a gain of 9.43% or 0.74 points. The heightened volatility saw the trading volume jump to 14,87,690 shares. Company has a market cap of $776 M.

In a different news, on May 17, 2016, James R Gilmartin (SVP, General Counsel) sold 3,119 shares at $8.68 per share price. According to the SEC, on Nov 10, 2015, Christopher J Speltz (CEO, Credit Cards) sold 5,000 shares at $14.98 per share price.

Bankrate Inc. (Bankrate) is a publisher aggregator and distributor of personal finance content on the Internet. The Company provides consumers personal finance editorial content across multiple vertical categories including mortgages deposits insurance credit cards senior care and other personal finance categories. It operates through segments including Banking Credit Cards Insurance and Other. Through its brand it provides consumer inquiries to advertisers that are listed in its mortgage and deposit rate tables and that hyperlink their listings. It provides consumer inquiries to credit card issuers and principally record sales after the credit card issuers approve the consumer’s credit application primarily through its Credi

Bankrate Inc

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