Martes, 26 Marcha, 2019

Online coupon site RetailMeNot acquired for $630 million

Does RetailMeNot Deal Read Through For Comparable Peers Online coupon site RetailMeNot acquired for $630 million
Eleena Tovar | 12 Abril, 2017, 18:52

RetailMeNot shares spiked 50 percent to near $11.55 from Wednesday's closing price of $7.55, putting the stock up 47.3 percent the past year. RetailMeNot's revenue for the quarter was up 16.5% compared to the same quarter past year. The stock was sold at an average price of $8.20, for a total value of $39,811.00. Buy rating has been given by 3 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 2 analysts given HOLD rating. Institutional investors own 81.00% of the company's stock.

COPYRIGHT VIOLATION WARNING: "RetailMeNot Inc (SALE) Downgraded by Dougherty & Co" was reported by The Cerbat Gem and is the property of of The Cerbat Gem.

Overall, 4 research analysts have assigned a Hold rating and.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future. Its 52-week range quite noticeable, lower range was $201.72% and hit highest level of $-99.92%. The company's 50-day moving average is $8.37 and its 200-day moving average is $9.07. Those who have owned the stock through its wider struggles are likely booking losses from this deal; shares are still down 22% since the start of 2015. Finally, Acrospire Investment Management LLC raised its position in RetailMeNot by 146.3% in the third quarter. Analyst's mean target price for SALE is $10.13 while analysts mean recommendation is 2.90.

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2/17/2017-Stifel Nicolaus Reiterated Rating of Hold. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & worldwide copyright and trademark laws.

In other news, VP Thomas Aylor sold 4,855 shares of the firm's stock in a transaction on Thursday, March 16th. The stock has a Relative Strength Index (RSI) of 80.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 18.60% of the company's stock. Globeflex Capital L P purchased a new position in RetailMeNot during the third quarter valued at approximately $225,000.

Jefferies analyst Brian Fitzgerald said, "By bringing together Valassis' unmatched quantity of valuable offers from its large, diversified client base with RetailMeNot's digital audience distribution and brand, the companies' combined offerings will become the consumer savings destination of choice". The Firm operates through two divisions: Core and Gift Card. The Core segment handles all of the other products and services that are related to the marketplace for digital offers.