RetailMeNot Inc (SALE) was Initiated by Loop Capital to “Hold” and the brokerage firm has set the Price Target at $11. Loop Capital advised their investors in a research report released on Sep 14, 2016.
Many Wall Street Analysts have commented on RetailMeNot Inc. Morgan Stanley Downgraded RetailMeNot Inc on Sep 12, 2016 to ” Underweight”, Price Target of the shares are set at $8.60.Dougherty & Company Initiated RetailMeNot Inc on Aug 25, 2016 to “Buy”, Price Target of the shares are set at $15.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 .
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 closed down -0.79 points or -6.88% at $10.7 with 717,848 shares getting traded on Monday. Post opening the session at $10.56, the shares hit an intraday low of $10.2801 and an intraday high of $10.78 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.