LSV Asset Management held its position in RetailMeNot Inc. (NASDAQ:SALE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,900 shares of the company’s stock at the end of the second quarter. LSV Asset Management’s holdings in RetailMeNot were worth $114,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new position in RetailMeNot during the second quarter valued at approximately $1,931,000. Rothschild Asset Management Inc. increased its position in RetailMeNot by 18.4% in the second quarter. Rothschild Asset Management Inc. now owns 232,457 shares of the company’s stock valued at $1,792,000 after buying an additional 36,075 shares during the period. Swiss National Bank increased its position in RetailMeNot by 10.8% in the second quarter. Swiss National Bank now owns 50,400 shares of the company’s stock valued at $389,000 after buying an additional 4,900 shares during the period. California State Teachers Retirement System increased its position in RetailMeNot by 8.4% in the second quarter. California State Teachers Retirement System now owns 80,864 shares of the company’s stock valued at $623,000 after buying an additional 6,291 shares during the period. Finally, Strs Ohio increased its position in RetailMeNot by 114.6% in the second quarter. Strs Ohio now owns 83,700 shares of the company’s stock valued at $645,000 after buying an additional 44,700 shares during the period. 78.25% of the stock is owned by hedge funds and other institutional investors.

RetailMeNot Inc. (NASDAQ:SALE) traded up 0.64% during mid-day trading on Wednesday, hitting $11.05. 221,755 shares of the stock traded hands. RetailMeNot Inc. has a 12 month low of $5.52 and a 12 month high of $12.93. The company’s 50 day moving average is $11.23 and its 200 day moving average is $8.65. The company has a market cap of $537.87 million, a P/E ratio of 63.14 and a beta of 0.75.

RetailMeNot (NASDAQ:SALE) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. The business earned $64.20 million during the quarter, compared to analyst estimates of $62.89 million. RetailMeNot had a net margin of 3.49% and a return on equity of 4.35%. The company’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. On average, analysts expect that RetailMeNot Inc. will post $0.59 earnings per share for the current fiscal year.

Several research analysts recently commented on SALE shares. Morgan Stanley downgraded shares of RetailMeNot from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $11.49 to $8.60 in a report on Monday, September 12th. Jefferies Group reaffirmed a “buy” rating and issued a $12.50 price objective on shares of RetailMeNot in a report on Monday, August 15th. Dougherty & Co started coverage on shares of RetailMeNot in a report on Thursday, August 25th. They issued a “buy” rating and a $15.00 price objective for the company. Loop Capital started coverage on shares of RetailMeNot in a report on Tuesday, September 13th. They issued a “hold” rating and a $11.00 price objective for the company. Finally, Wedbush set a $10.00 price objective on shares of RetailMeNot and gave the stock a “neutral” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. RetailMeNot currently has a consensus rating of “Hold” and a consensus price target of $12.81.

RetailMeNot Company Profile

RetailMeNot Inc operates a digital savings destination connecting consumers with retailers, restaurants and brands, both online and in-store. The Company’s marketplace features over 800,000 digital offers each month. The Company’s Websites, mobile applications, e-mail newsletters and alerts and social media presence enable consumers to search for, discover and redeem digital offers from retailers and brands.

5 Day Chart for NASDAQ:SALE

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