Bankrate (RATE) : 1 brokerage houses believe that Bankrate (RATE) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Bankrate (RATE). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.25.
Bankrate (RATE) : The highest level Bankrate (RATE) is projected to reach is $20 for the short term and the lowest estimate is at $9. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $12.8 and the possibility the share price can swing is $4.7.
For the current week, the company shares have a recommendation consensus of Buy. Bankrate (NYSE:RATE): The stock opened at $8.21 on Thursday but the bulls could not build on the opening and the stock topped out at $8.30 for the day. The stock traded down to $8.08 during the day, due to lack of any buying support eventually closed down at $8.17 with a loss of -1.09% for the day. The stock had closed at $8.26 on the previous day. The total traded volume was 409,960 shares.
In a related news, Gilmartin James R, (SVP, General Counsel) of Bankrate, Inc., unloaded 3,119 shares at an average price of $8.68 on May 17, 2016. The total amount of the transaction was worth $27,073, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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 Bankrate.com 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 consumers credit application, primarily through its Credi