Brokerage firm Morgan Stanley Downgrades its rating on RetailMeNot Inc(NASDAQ:SALE). The shares have been rated Underweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Morgan Stanley was issued on Sep 12, 2016.
In a different note, Dougherty & Company said it Initiates Coverage on RetailMeNot Inc, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Buy’ by the firm.
RetailMeNot Inc (SALE) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.09% at a volume of 1,53,505. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.21. The peak price level was also seen at $11.21 while the days lowest was $10.96. Finally the shares closed at $10.98. The 52-week high of the shares is $12.93 while the 52-week low is $5.52. According to the latest information available, the market cap of the company is $534 M.
RetailMeNot Inc(SALE) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $64.25M. Analysts had an estimated revenue of $62.89M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.04.
Several Insider Transactions has been reported to the SEC. On May 19, 2016, Thomas Aylor (Vice President, Finance) sold 383 shares at $7.01 per share price.Also, 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.