RetailMeNot Inc (SALE) was Reiterated by Wedbush to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 10 from a previous price target of $7 . Wedbush advised their investors in a research report released on Aug 3, 2016.
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.
RetailMeNot Inc opened for trading at $9.46 and hit $10.189 on the upside on Tusday, eventually ending the session at $9.86, with a gain of 16.55% or 1.4 points. The heightened volatility saw the trading volume jump to 11,52,126 shares. Company has a market cap of $480 M.
In a different news, on May 19, 2016, Thomas Aylor (Vice President, Finance) sold 383 shares at $7.01 per share price. According to the SEC, on May 21, 2015, Paul Rogers (Chief Technology Officer) sold 6,000 shares at $20.98 per share price. On May 7, 2015, Steven T Pho (SVP of Corporate Development) sold 3,500 shares at $21.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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.