RetailMeNot Inc. (SALE) Stake Increased by JPMorgan Chase & Co.
JPMorgan Chase & Co. raised its stake in RetailMeNot Inc. (NASDAQ:SALE) by 17.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,071,583 shares of the company’s stock after buying an additional 592,163 shares during the period. JPMorgan Chase & Co. owned about 8.36% of RetailMeNot worth $31,392,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of SALE. Renaissance Technologies LLC raised its stake in shares of RetailMeNot by 26.0% in the first quarter. Renaissance Technologies LLC now owns 1,528,300 shares of the company’s stock worth $12,242,000 after buying an additional 315,000 shares during the period. Acadian Asset Management LLC increased its stake in RetailMeNot by 12.5% in the second quarter. Acadian Asset Management LLC now owns 698,274 shares of the company’s stock worth $5,383,000 after buying an additional 77,756 shares in the last quarter. Spark Investment Management LLC increased its stake in RetailMeNot by 222.1% in the first quarter. Spark Investment Management LLC now owns 525,100 shares of the company’s stock worth $4,206,000 after buying an additional 362,100 shares in the last quarter. Prudential Financial Inc. increased its stake in RetailMeNot by 12.9% in the first quarter. Prudential Financial Inc. now owns 419,281 shares of the company’s stock worth $3,359,000 after buying an additional 48,031 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in RetailMeNot by 899.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 377,866 shares of the company’s stock worth $3,027,000 after buying an additional 340,067 shares in the last quarter. Hedge funds and other institutional investors own 78.25% of the company’s stock.
RetailMeNot Inc. (NASDAQ:SALE) traded up 0.55% during trading on Tuesday, hitting $11.05. The stock had a trading volume of 98,725 shares. The firm has a 50 day moving average price of $11.16 and a 200-day moving average price of $8.63. RetailMeNot Inc. has a 1-year low of $5.52 and a 1-year high of $12.93. The firm has a market capitalization of $537.87 million, a PE ratio of 63.14 and a beta of 0.75.
RetailMeNot (NASDAQ:SALE) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. The company had revenue of $64.20 million for the quarter, compared to analysts’ expectations of $62.89 million. RetailMeNot had a net margin of 3.49% and a return on equity of 4.35%. The business’s revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. On average, equities research analysts expect that RetailMeNot Inc. will post $0.59 EPS for the current year.
A number of analysts recently issued reports on SALE shares. Jefferies Group reaffirmed a “buy” rating and issued a $10.00 target price on shares of RetailMeNot in a research report on Monday, July 18th. Dougherty & Co started coverage on RetailMeNot in a research report on Thursday, August 25th. They issued a “buy” rating and a $15.00 target price on the stock. TheStreet raised RetailMeNot from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Loop Capital started coverage on RetailMeNot in a research report on Tuesday, September 13th. They issued a “hold” rating and a $11.00 target price on the stock. Finally, Wedbush set a $10.00 target price on RetailMeNot and gave the company a “neutral” rating in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $12.81.
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.
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